Alior Bank Explained

Alior Bank SA
Type:Spółka Akcyjna
Traded As:
WIG30 Component
Industry:banking, financial services
Location City:Warsaw
Location Country:Poland
Area Served:Poland, Romania
Founder:Carlo Tassara S.p.A.
Key People:Grzegorz Olszewski (CEO)
Owner:Grupa PZU (32%)
Assets: PLN 84.6 billion (2022)[1]
Num Employees:8,143 (2019)

Alior Bank SA is a universal bank in Poland founded in 2008. It has been a subsidiary of insurance company 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.[2] It is listed on the Warsaw Stock Exchange (WSE) and is a component of the WIG30 stock market index.

History

Founded in 2008 by an Italian group Carlo Tassara, the bank debuted on Warsaw Stock Exchange in 2012 with an offering valued at 2.1 billion Polish złoty, the highest in the exchange's history.[3] [4] In 2014, Alior's stock price became part of WIG20 index.[5]

In 2013, the bank attracted controversy when its deputy president mentioned that the bank considers collecting big data of its customers, pulling information from online social networks etc.[6]

Since 2015, the bank commenced a series of mergers and acquisitions, most notably acquiring Meritum Bank (2015) and Bank BPH (2016). In autumn 2014, Alior Bank purchased 97.9% of Meritum Bank. On 19 February 2015 the transaction was finished.

On June 23, 2015, the Polish Financial Supervision Authority authorized the merger of Alior Bank S.A. and Meritum Bank ICB S.A. by transferring all of Meritum Bank's assets to Alior Bank.[7]

In June 2015, State-controlled PZU, Poland's largest insurer agreed to buy a 25.3-percent stake in Alior Bank.[8] [9] Currently, the PZU SA Group holds 31.94% of shares of the Alior Bank.[10]

In 2017, Telekom Banking for individual customers was launched in Romania. It is a trade brand of Alior Bank and T-Mobile Romania.[11]

In 2018, the bank became a member of the Blockchain and New Technologies Chamber (Polish: Izba Blockchain i Nowych Technologii) and had been actively supporting initiatives aimed at developing blockchain technology in the country.[12]

See also

Notes and References

  1. Web site: Bank Alior miał 169,17 mln zł zysku netto, 84,65 mld zł aktywów w I kw. 2022 r. . pl . forsal.pl . 27 April 2022 . 5 April 2023.
  2. Web site: Employment – who are our employees? . 5 April 2023.
  3. Web site: Alior Bank share prices in GPW S.A. in 2019 . 5 April 2023.
  4. Web site: Alior Bank podsumował 10 lat działalności. Wyjaśnia dlaczego w logo znajduje się anioł, skąd wzięły się meloniki i co oznacza "wyższa kultura" . pl . prnews.pl . 20 November 2018 . 5 April 2023.
  5. Web site: Alior Bank podsumowuje 2022 r. i wchodzi do WIG-20 . pl . 3 March 2023 . 5 April 2023.
  6. Web site: Alior Bank pozyska dane o klientach z sieci . pl . bankier.pl . 26 February 2013 . 5 April 2023.
  7. Web site: Alior Bank połączył się z Meritum Bankiem . pl . bankier.pl . 30 June 2015 . 5 April 2023.
  8. Web site: Poland's Top Insurer Buys a Stake in Alior Bank, with More of the Same to Follow. 5 June 2015.
  9. News: Poland's rush to banking sector socialism. Financial Times. 30 June 2017. Rohac. Dalibor.
  10. Web site: Shareholders - Alior Bank - English version. www.aliorbank.pl. 2023-04-05.
  11. Web site: Alior Bank we współpracy z Telekom Romania uruchamia Telekom Banking . pl . 18 October 2017 . 5 April 2023.
  12. Web site: Alior Bank – cyfrowy buntownik wkracza do świata blockchaina . pl . comparic.pl . Mirosław Wilk . 13 August 2018 . 5 April 2023.