Pomorski Bank Kredytowy
Former Polish bank
From Wikipedia, the free encyclopedia
Pomorski Bank Kredytowy (lit. 'Pomeranian Credit Bank'), also known as Bank PBKS, was a Polish bank based in Szczecin. It was established in 1988-1989, and absorbed in 1999 by Bank Pekao.
| Pomorski Bank Kredytowy | |
|---|---|
| |
| Ionic Palace in Szczecin the former headquarters of Bank PBKS | |
| Type | State-owned enterprise |
| Industry | Financial services |
| Predecessor | National Bank of Poland |
| Founded | 1989 |
| Defunct | 1999 |
| Fate | Merged |
| Successor | Bank Pekao |
| Headquarters | , |
Area served | Poland |
| Products | Banking services |
| Owner | Government of Poland |
History
Bank PBKS was one of nine banks spun off in the late 1980s from the National Bank of Poland, the culmination of a sequence of reforms during the 1980s that brought an end to the country's single-tier banking system.[1]: 18
On 8 October 1991, Bank PBKS was transformed into a joint-stock company, fully owned by the Polish State Treasury.[citation needed] By the mid-1990s it was one of the two smallest of the nine regional banks separated from the NBP, together with Bank Depozytowo-Kredytowy (Bank BDK) in Lublin.[1]: 18
In 1996, a government decision brought together Polska Kasa Opieki with Bank PBKS and two of its peers established in 1989, Bank BDK and the much larger Bank PBG in Łódź. On 1 January 1999, the four banks were merged into Bank Polska Kasa Opieki SA, or Bank Pekao.[2]: 63
