Bank BPH was established in 1989 as the result of spun-off from the structures of the National Bank of Poland. In 1995, Bank BPH went public and since then is listed at the Warsaw Stock Exchange. In 2001, the London Stock Exchange admitted our Global Depository Receipts (GDR) to trading. Bank BPH GDR program was closed in December 2010.
More the two decades of Bank’s history marked many strategic changes.
In late 2001 the Bank merged with another listed bank - PBK. As a result of this important move, Bank BPH rose to become the third largest universal bank in Poland. In November 2007, following an agreement reached by the then strategic investor and the State Treasury, the Bank was broken up into two different parts and the larger part (over 80% of assets) was incorporated into Bank Pekao.
A new chapter in Bank’s strategic development began when General Electric Company purchased a majority stake in much slimmed-down Bank BPH, in June 2008. Thus Bank BPH became part of one of the largest and most recognized corporations worldwide.
2009 was marked by preparations to the merger with GE Money Bank - another of our majority shareowner’s subsidiaries in Poland. The merger was registered by a court on 31st December 2009 and since then the Bank operates under the name Bank BPH SA.
