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 GE Capital is the financial services division of General Electric. The company currently only runs one division, GE Energy Financial Services. It had provided additional services in the past; however, those units were sold between 2013 and 2018 ...

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 ene ...

, 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 Alior Bank SA is a large universal bank in Poland. It forms the 10th largest financial group in the country, with more than 6,000 employees as of end of 2015. History Founded in 2008 by an Italian group Carlo Tassara, the bank debuted on Wars ...

. 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