Bank BPH (Bank Przemysłowo-Handlowy) was a Polish

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 ...

. Until 2008, it was majority owned by

UniCredit UniCredit S.p.A. (formerly UniCredito Italiano S.p.A.) is an Italian multinational banking group headquartered in Milan. It is a systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world' ...

. In 2008,

GE Money Bank GE Capital was the financial services division of General Electric. Its various units were sold between 2013 and 2021, including the notable spin-off of the North American consumer finance division as Synchrony Financial. Ultimately, only one divi ...

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) was an American Multinational corporation, multinational Conglomerate (company), conglomerate founded in 1892, incorporated in the New York (state), state of New York and headquartered in Boston. Over the year ...

, 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. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency ...

, 15 October 2014 In late 2016, Bank BPH was purchased by

Alior Bank Alior Bank SA is a universal bank in Poland founded in 2008. It has been a subsidiary of insurance company PZU, 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 ...

. 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 {{Poland-company-stub