universal bank
A universal bank participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance.Carlo Tassara, the bank debuted on
Warsaw Stock Exchange
The Warsaw Stock Exchange (WSE), pl, Giełda Papierów Wartościowych w Warszawie, is a stock exchange in Warsaw, Poland. It has a market capitalization of PLN 1.05 trillion (EUR 232 billion; as of December 23, 2020).
The WSE is a member of the ...
in 2012 with an offering valued at 2.1 billion
Polish złoty
The złoty (; abbreviation: zł; ISO 4217, code: PLN) is the official currency and legal tender of Poland. It is subdivided into 100 Groschen, grosz (''gr'').Singular: ''grosz'', alternative plural forms: ''groszy'', ''grosze''. The widely recog ...
, the highest in the exchange's history. In 2014, Alior's stock price became part of
WIG20
The WIG20 is a capitalization-weighted stock market index of the twenty largest companies on the Warsaw Stock Exchange. WIG is an acronym for "Warszawski Indeks Giełdowy", which translates to Warsaw Stock Index in Polish. However, so that no sect ...
index.
In 2013, the bank attracted controversy when its deputy president mentioned that the bank considers collecting
big data
Though used sometimes loosely partly because of a lack of formal definition, the interpretation that seems to best describe Big data is the one associated with large body of information that we could not comprehend when used only in smaller am ...
of its customers, pulling information from online social networks etc.
Since 2015, the bank commenced a series of mergers and acquisitions, most notably acquiring Meritum Bank (2015) and Bank BPH (2016). In autumn 2014, Alior Bank purchased 97.9% of Meritum Bank. On 19 February 2015 the transaction was finished.
On June 23, 2015, the Polish Financial Supervision Authority authorized the merger of Alior Bank S.A. and Meritum Bank ICB S.A. by transferring all of Meritum Bank's assets to Alior Bank. The banks merged on October 24–26, 2015
In June 2015, State-controlled PZU, Poland's largest insurer agreed to buy a 25.3-percent stake in Alior Bank.
See also
*
List of banks
Lists of banks are contained in the following articles:
By continent
* List of banks in Africa – Each country in Africa has a list of banks operating in that country
* List of banks in Asia – Asia has a list of banks operating in that co ...