Project Baltic Sea

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Translated version of this PSD: Polish The EBRD is considering an investment in PLN denominated and listed senior notes in an asset backed securitisation (ABS) of auto loans extended to individuals and SMEs by Getin Noble Bank S.A. in Poland. Subject to eligibility criteria applied to certain auto loans, proceeds arising from EBRD’s investment are contributing to the purchase of a pool of existing auto loans and, through the provision of a revolving period in the structure, additional auto loan purchases. The proposed transaction will demonstrate the viability of a new form of financing in Poland, namely a local currency ABS to be publicly offered. Such instruments can play an important role in helping banks in Poland address their significant maturity mismatches. These secured senior loans constitute a valuable addition to the universe of securities denominated in local currency and hence contribute to the development of the debt capital markets in Poland. The transaction will enable a skill transfer with regards to ABS assessment capacities of local investors and ABS servicing arrangements. Getin Noble Bank is a locally owned bank with more than EUR 13.3 billion in total assets and a nationwide retail distribution network in Poland. Getin Noble Bank was formed from the merger of Getin Bank and Noble Bank in 2010, and is now the market leader in the Polish auto loan market. EBRD is considering an investment in a portion of the senior notes. Total amount of senior notes issued will be approximately PLN 558 million (ca. EUR 135 million equivalent). Getin Noble Bank will be required to provide an annual report on the implementation of EBRD's Performance Requirement 2 on Labour and Working Conditions. None. Michał Marciszewski Head of Securitisation Getin Noble Bank S.A. ul. Domaniewska 39 02-672 Warsaw Poland Tel: + 48 22 427 4751 Email: m.marciszewski@getinbank.pl