Bank BPH (Bank Przemysłowo-Handlowy) was a Polish
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.UniCredit
UniCredit S.p.A. is an international banking group headquartered in Milan. It is Italy's only systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was fo ...
. 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 bank employed over 10,000 people. In October 2014, the bank's owner,
General Electric
General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energ ...
, revealed it was considering selling the firm.
GE considers sale of Polish unit Bank BPH
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world.
The agency was est ...
, 15 October 2014 In late 2016, Bank BPH was purchased by Alior Bank. Operations of the two banks merged in early 2017.
BPH Group
* BPH Towarzystwo Funduszy Inwestycyjnych SA
* BPH PBK Zarządzanie Funduszami Sp. z o.o.
References
External links
Bank BPH
Banks of Poland
Companies listed on the Warsaw Stock Exchange
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