Euro Bank Explained

Euro Bank
Type:Spółka Akcyjna
Key People:Alexis Lacroix
Products:Financial services
Parent:Bank Millennium
Foundation:2003
Location City:Wroclaw
Location Country:Poland
Location:ul. św. Mikołaja 72,50-126
Homepage:eurobank.pl
Dissolved:2019

Euro Bank SA (also known as Eurobank) was a Polish commercial bank offering financial services to individuals. The bank also maintained personal accounts and term deposits, provided consolidation loans, payment cards, and credit cards. It distributed investment funds of Novo Fundusze and Allianz. Euro Bank had a nationwide network of its own and franchise branches. It also operated outlets in shopping centers.

On 1 October 2019 as a result of the legal merger, the legal successor of Euro Bank SA became Bank Millennium SA.

History

The Bank was established in 2003 by taking over Look Finansowanie Inwestycji, controlled by Mariusz Łukasiewicz, a controlling stake existing since 1990 from Bank Społem S.A.[1] In 2003, Bank Społem S.A. changed its name to Euro Bank S.A.[2]

After the founder's death in 2004, the Société Générale Group became the owner of Eurobank.

On November 5, 2018, Bank Millennium and Société Générale signed a contract for the purchase of Euro Bank by Bank Millennium.[3] The subject of the transaction is the acquisition by Bank Millennium of approximately 99.79% of shares in Euro Bank for a reference price of PLN 1,833 million.[4] The strategical investor of the bank is Banco Comercial Português (BCP).

Eurobank ran numerous advertising campaigns in which appeared, among others, Krystyna Janda,[5] Danuta Stenka,[6] Janusz Gajos,[7] Tomasz Kot[8] Katarzyna Figura[9] and Piotr Adamczyk.[10]

Notes and References

  1. Web site: Odeszło cudowne dziecko polskiej bankowości. Bonek. Tomasz. 2004-04-27. www.money.pl. pl-PL. 2019-04-23.
  2. Web site: eurobank realizuje plany założyciela. eurobank.pl. 2019-04-23.
  3. Web site: Societe Generale announces the sale of Euro Bank, its Retail banking subsidiary in Poland, to Bank Millennium. 2018-11-05. Société Générale. en-GB. 2019-04-23.
  4. Web site: Bank Millennium kupuje Euro Bank i zwiększa skalę działania. biznes.interia.pl. pl. 2019-04-23.
  5. Web site: eurobank rozpoczyna szeroką kampanię karty kredytowej "karta, która sama przypomina o spłacie" - eurobank.pl. www.eurobank.pl. 2017-11-23. pl.
  6. Web site: eurobank rozpoczyna szeroką kampanię karty kredytowej "karta, która sama przypomina o spłacie" - eurobank.pl. www.eurobank.pl. 2017-11-23. pl.
  7. Web site: eurobank startuje z drugą odsłoną kampanii wizerunkowej z udziałem gwiazd - eurobank.pl. www.eurobank.pl. 2017-11-23. pl.
  8. Web site: eurobank rozpoczyna szeroką kampanię karty kredytowej "karta, która sama przypomina o spłacie" - eurobank.pl. www.eurobank.pl. 2017-11-23. pl.
  9. Web site: eurobank startuje z drugą odsłoną kampanii wizerunkowej z udziałem gwiazd - eurobank.pl. www.eurobank.pl. 2017-11-23. pl.
  10. Web site: Piotr Adamczyk eksperymentuje w eurobanku - eurobank.pl. www.eurobank.pl. 2017-11-23. pl.