Fitch puts Getin Noble on watch

Fitch Ratings said it placed Getin Noble Bank SA's long-term issuer default rating of B- on Rating Watch negative.

The negative watch reflects heightened risk of a downgrade due to an assessment that the bank's liquidity risk has increased, Fitch said.

The bank is experiencing deposit withdrawals and negative media focus could aggravate the situation, the agency added.

The ratings reflect the bank's weakened viability prospects based on heightened capitalization pressure, Fitch said.

The bank breached its minimum regulatory capital requirements in the first half of 2018, mainly due to a combination of high losses and increased capital requirements, the agency explained.

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