The National Bank of Ukraine took Leszek Czarnecki under the microscope. He ordered the sale of shares

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The Committee for the supervision and regulation of banking activities, supervision of payment systems of the National Bank of Ukraine issued a decision on the application of influence measures against the owners of a significant block of shares of Idea Bank Ukraina in the form of a demand against Getin Holding sale of 323 million registered shares of Idea Bank Ukraina, and towards Leszek Czarnecki the sale of 145 million registered shares of this bank.

The NBU set a six-month deadline for Getin Holding and Leszek Czarnecki to sell the shares, counting from the date of issuance of the decision. The decision is enforceable upon its issuance.

The basis for issuing the decision is the NBU’s recognition that by the date of its issuance the violations identified by the NBU decision of March 27, 2023 had not been removed. damage to the business reputation of Leszek Czarnecki and Getin Holding arising from the decision on September 29, 2022 issued by the Bank Guarantee Fund to initiate compulsory restructuring of Getin Noble Bank.

“The issuer’s management board informs that it is analyzing the legal consequences of the decision and optimal actions to protect the investment in IBU in accordance with applicable law,” Getin Holding said in a statement.

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Less than a month ago, the NBU announced that it had maintained a ban on Getin Holding and a Wrocław businessman from exercising voting rights in Idea Bank Ukraina. The reason was the same: Czarnecki’s loss of business reputation. The NBU also indicated that, within its competences, it had the right to initiate further supervisory activities towards Getin Holding and Czarnecki.

See also: Former billionaire in trouble. Dark clouds over Leszek Czarnecki’s head again

For the first time in March 2023, the NBU issued a decision to temporarily prohibit Getin Holding from exercising voting rights on Idea Bank Ukraina shares due to the loss of business reputation by Leszek Czarnecki. The Ukrainian central bank gave the Polish company and the Wrocław businessman one year to remedy the violation.

Idea Bank Ukraina is, in fact, the only asset of Getin Holding, which is listed on the Warsaw Stock Exchange. The local bank employed 1,137 people at the end of the year and brought the group PLN 32 million of net profit in 2023. The total assets of the Ukrainian business at the end of 2023 amounted to PLN 522 million with only PLN 13 million of equity.