Getin Bank is a bank in

Poland Poland, officially the Republic of Poland, is a country in Central Europe. It is divided into 16 administrative provinces called voivodeships, covering an area of . Poland has a population of over 38 million and is the fifth-most populous ...

, part of Noble Bank SA. It provides services to individual and business clients. The core business activity of Getin Bank is

retail banking Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking servi ...

. 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 p ...

, 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 The Narodowy Bank Polski (; the National Bank of Poland), often abbreviated to NBP, is the central bank of Poland, founded in 1945. It controls the issuing of Poland's currency, the Polish złoty. The bank is headquartered in Warsaw, and has bra ...

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 popul ...

. 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 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 ...

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 canti ...

. 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 r ...

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 enrolled bill, enrolling, enactment of a bill, enacting, or promulgation, promulgating laws by a legislature, parliament, or analogous Government, governing body. Before an item of legislation becomes law i ...

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