Getin Bank is a bank in
Poland
Poland, officially the Republic of Poland, , is a country in Central Europe. Poland is divided into Voivodeships of Poland, sixteen voivodeships and is the fifth most populous member state of the European Union (EU), with over 38 mill ...
, part of Noble Bank SA. It provides services to individual and
business clients. The core business activity of Getin Bank is
retail banking. The bank is used by about 2,4 million clients, its products are available at over 500 individual points and
franchises
Franchise may refer to:
Business and law
* Franchising, a business method that involves licensing of trademarks and methods of doing business to franchisees
* Franchise, a privilege to operate a type of business such as a cable television ...
, self use Getin Point and different localities.
History
The bank began after deriving from ''Górnośląski Bank Gospodarczy SA'', which began itself after the ''Decision no. 44'' of the President of the
National Bank of Poland on 3 October 1990. The first financial operations occurred on 2 January 1991 in a branch in
Katowice
Katowice ( , , ; szl, Katowicy; german: Kattowitz, yi, קאַטעוויץ, Kattevitz) is the capital city of the Silesian Voivodeship in southern Poland and the central city of the Upper Silesian metropolitan area. It is the 11th most populo ...
. In the year of 1995, the bank gained a strategic investor: the ''Powszechny Bank Kredytowy SA''. From 1 January 2002 to May 2004, GBG Bank functioned as part of the Capital Group of the ''Bank Przemysłowo Handlowy''. The actions from the
Bank BPH Getin Holding
Getin Holding S.A. is a financial holding company, formed in Warsaw in 1996. The Holding started its activity as an electronic business center, becoming the leader in the IT sector for small and medium-sized businesses in Poland, providing IT, ...
bought on 25 May 2004.
On 24 September 2004, the bank changed branding to Getin Bank SA. Following this the Getin Bank SA had taken the ''Bank Przemysłowy'' in
Łódź
Łódź, also rendered in English as Lodz, is a city in central Poland and a former industrial centre. It is the capital of Łódź Voivodeship, and is located approximately south-west of Warsaw. The city's coat of arms is an example of cant ...
. In the year after, the Getin Holding finilised a purchase transaction of the ''Wschodni Bank Cukrownictwa''. In March 2006 some of WBC's branches have been taken over by Getin Bank, while the license from the WBC Bank has been able to be used for the founding of the Noble Bank. In January 2010, Getin Bank joined Noble Bank to form the Getin Noble Bank SA.
Controversies
Since joining the Noble Bank in August 2010 the Getin Noble Bank has been fined three times by the UOKiK for wrong practices against their clients and for falsehood. The last fine given by the UOKiK was for the way
car insurance
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury ...
was being given. According to the UOKiK the agreements concluded that Getin Noble Bank had given imprecise agreements which allowed the bank to terminate the obligation to repay the loan immediately and in contravention to the signed
legislation
Legislation is the process or result of enrolling, enacting, or promulgating laws by a legislature, parliament, or analogous governing body. Before an item of legislation becomes law it may be known as a bill, and may be broadly referred to ...
which did not inform the borrower about the total cost of all fees and commissions. The amount of the fine imposed by the UOKiK amounted to almost 6 million
złoty.
References
External links
Official Website{{Portal, Banks
Banks established in 2004
Banks of Poland