Alior Bank SA is a

universal bank A universal bank is a type of bank which 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. These are also called full-service ...

in Poland founded in 2008. It has been a

subsidiary A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidia ...

of insurance company PZU SA since 2015 and forms the 10th largest banking group in the country, with more than 8,143 employees as of the end of 2019. It is listed on the

Warsaw Stock Exchange The Warsaw Stock Exchange (WSE) () is a stock exchange in Warsaw, Poland. Founded in 1817, it was located in the Saxon Palace until 1877 when it was moved to the Exchange Building at the Saxon Garden. Currently, it is located at ul. Książęca ...

(WSE) and is a component of the

WIG30 The WIG30 is a capitalization-weighted index, capitalization-weighted stock market index of the thirty major Poland, Polish Blue chip (stock market), blue chip companies traded on the Warsaw Stock Exchange (WSE). The WIG30 index has been publishe ...

stock market index.

History

Founded in 2008 by an Italian group Carlo Tassara, the bank debuted on

in 2012 with an offering valued at 2.1 billion

Polish złoty The złoty (alternative spelling: ''zloty''; Polish: ''polski złoty'', ;The nominative plural, used for numbers ending in 2, 3 and 4 (except those in 12, 13 and 14), is ; the genitive plural, used for all other numbers, is abbreviation: z� ...

, the highest in the exchange's history. In 2014, Alior's stock price became part of WIG20 index. In 2013, the bank attracted controversy when its deputy president mentioned that the bank considers collecting

big data Big data primarily refers to data sets that are too large or complex to be dealt with by traditional data processing, data-processing application software, software. Data with many entries (rows) offer greater statistical power, while data with ...

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 Bank BPH (Bank Przemysłowo-Handlowy) was a Polish universal bank. Until 2008, it was majority owned by UniCredit. In 2008, GE Money Bank took over 89% of shares and on 31 December 2009, Bank BPH merged with GE Money Bank Polska. At its peak, the b ...

(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 The Polish Financial Supervision Authority, in Polish Urząd Komisji Nadzoru Finansowego (UKNF) is the main financial regulatory authority for Poland. UKNF was established in 2019 as a separate legal person under public law. It hosts the Financial ...

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. In June 2015, State-controlled PZU, Poland's largest insurer agreed to buy a 25.3-percent stake in Alior Bank. Currently, the PZU SA Group holds 31.94% of shares of the Alior Bank. In 2017, Telekom Banking for individual customers was launched in Romania. It is a trade brand of Alior Bank and T-Mobile Romania. In 2018, the bank became a member of the

Blockchain The blockchain is a distributed ledger with growing lists of Record (computer science), records (''blocks'') that are securely linked together via Cryptographic hash function, cryptographic hashes. Each block contains a cryptographic hash of th ...

and New Technologies Chamber (Polish: ''Izba Blockchain i Nowych Technologii'') and had been actively supporting initiatives aimed at developing blockchain technology in the country. At the end of 2023. Alior Bank achieved record results. Net profit amounted to PLN 2.03 billion, an increase of PLN 1.35 billion compared to the 2022 result. 5In April 2024, the General Meeting of Alior Bank decided to pay the first-ever dividend from the 2023 profit of PLN 577 million (PLN 4.42 per share).

References

External links

* Banks established in 2008 Banks of Poland Companies based in Warsaw Companies listed on the Warsaw Stock Exchange Polish brands {{bank-stub

History

See also

References

External links