Brief: GetBack's problems pose no systemic risk to Polish financial system -regulator

Capitea SA

09/05/2018 11:43

May 9 (Reuters) - GetBack SA  GBK.WA :
    * POLAND'S FINANCIAL SUPERVISOR KNF CHIEF SAYS SEES NO
SYSTEMIC
RISK TO FINANCIAL SYSTEM BECAUSE OF GETBACK'S PROBLEMS
    * GETBACK RAN INTO TROUBLE AFTER BUYING LARGE PORTFOLIOS OF
DISTRESSED DEBT AT HIGHER PRICES THAN ITS COMPETITORS AND
FUNDING THIS WITH SHORT-TERM BOND ISSUES


Further company coverage:  GBK.WA 

 (Reporting by Marcin Goettig; writing by Agnieszka Barteczko;
editing by Jason Neely)
 ((agnieszka.barteczko@thomsonreuters.com;))