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Annual report of the Bank Guarantee Fund
2020
As of the date of delivery of the decision, the enforcement procedure against the bank accounts held by the entity under
resolution was suspended.
When the resolution was initiated, an administrator was appointed in the entity under resolution. The administrator
submitted reports to the Fund on the conducted activities. They described, inter alia, meetings held, letters received and
addressed to financial institutions concerning fees/applications for waiving fees/reporting obligations, court cases with
former employees, agreements signed with law firms for legal services and legal opinions received, agreements signed and
expenses incurred, significant events in subsidiaries, including general meetings and meetings of shareholders of affiliated
entities.
The administrator carried out the actions planned in relation to PBS related entities aimed at initiating the process of sale
or liquidation of these entities.
On 30 June 2020, the Fund, after the administrator had prepared the reports required by law, sent a bankruptcy petition
for PBS w Sanoku to the Regional Court in Rzeszów. The court declared bankruptcy on 6 August 2020. The decision was
published in Monitor Sądowy i Gospodarczy on 17 September 2020 (item 47445). With the declaration of bankruptcy
of PBS w Sanoku, the administrator appointed by the Fund ceased to perform the function.
The Fund, in accordance with Article 241 of the BFG Act, took steps to prepare Estimate 3. According to its results, the
creditors and owners had been satisfied as a result of the resolution to an extent not lower than they would have been
satisfied in the bankruptcy proceedings conducted in the event that, on the date of the decision to initiate the resolution,
the court had declared PBS w Sanoku bankrupt.
The decision of the BFG on the resolution of PBS w Sanoku was appealed to the Voivodship Administrative Court
in Warsaw, which, on 4 December 2020, dismissed all complaints.
Bank Nowy BFG S.A.
Immediately after the takeover of the enterprise of PBS w Sanoku by Bank Nowy BFG S.A., steps were
taken to sell the bridge institution in accordance with the requirements of the BFG Act.
The Fund sought and cooperated with entities interested in acquiring shares of Bank Nowy BFG S.A.
or its enterprise in its entirety or selected assets.
Contents
Annual report of the Bank Guarantee Fund
2020
As of the date of delivery of the decision, the enforcement procedure against the bank accounts held by the entity under
resolution was suspended.
When the resolution was initiated, an administrator was appointed in the entity under resolution. The administrator
submitted reports to the Fund on the conducted activities. They described, inter alia, meetings held, letters received and
addressed to financial institutions concerning fees/applications for waiving fees/reporting obligations, court cases with
former employees, agreements signed with law firms for legal services and legal opinions received, agreements signed and
expenses incurred, significant events in subsidiaries, including general meetings and meetings of shareholders of affiliated
entities.
The administrator carried out the actions planned in relation to PBS related entities aimed at initiating the process of sale
or liquidation of these entities.
On 30 June 2020, the Fund, after the administrator had prepared the reports required by law, sent a bankruptcy petition
for PBS w Sanoku to the Regional Court in Rzeszów. The court declared bankruptcy on 6 August 2020. The decision was
published in Monitor Sądowy i Gospodarczy on 17 September 2020 (item 47445). With the declaration of bankruptcy
of PBS w Sanoku, the administrator appointed by the Fund ceased to perform the function.
The Fund, in accordance with Article 241 of the BFG Act, took steps to prepare Estimate 3. According to its results, the
creditors and owners had been satisfied as a result of the resolution to an extent not lower than they would have been
satisfied in the bankruptcy proceedings conducted in the event that, on the date of the decision to initiate the resolution,
the court had declared PBS w Sanoku bankrupt.
The decision of the BFG on the resolution of PBS w Sanoku was appealed to the Voivodship Administrative Court
in Warsaw, which, on 4 December 2020, dismissed all complaints.
Bank Nowy BFG S.A.
Immediately after the takeover of the enterprise of PBS w Sanoku by Bank Nowy BFG S.A., steps were
taken to sell the bridge institution in accordance with the requirements of the BFG Act.
The Fund sought and cooperated with entities interested in acquiring shares of Bank Nowy BFG S.A.
or its enterprise in its entirety or selected assets.
Contents
