Bank Zachodni WBK

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Bank Zachodni WBK S.A.
Type Public (WSE: BZW)
Founded 2001
Headquarters Wrocław, Poland
Key people Mateusz Morawiecki, Chairman
Products Banking products
Employees 9,500
Parent Santander Group
Website www.bzwbk.pl

Bank Zachodni WBK (BZ WBK) is a Polish universal bank based in Wrocław, Poznań and Warsaw. It is the third largest bank in Poland in terms of assets value and the number of outlets. It was formed in 2001 by the merger of Bank Zachodni S.A. and Wielkopolski Bank Kredytowy SA. Since 2011, the Bank has been owned by the Spanish bank Santander Group.

On 4 January 2013, Bank Zachodni WBK merged with Kredyt Bank which Santander bought from a its Belgian owners KBC Bank. This consolidated its Polish banking business and made Bank Zachodni WBK the third largest bank in Poland by market share. Bank Zachodni WBK has a network of ca. 1000 branches and provides services to 3.5m customers.

BZ WBK office in Warsaw

History[edit]

In March 1995, the Irish group Allied Irish Banks (AIB) acquired 16.2% of shares in Wielkopolski Bank Kredytowy from the State Treasury. In the following years, the group acquired more WBK shares to buy the control stake (80%) in Bank Zachodni in 1999. On 13 June, pursuant to the resolution of Banking Supervision Commission dated 7 March 2001, Bank Zachodni WBK was established.

On 23 June 2001, the bank’s shares were floated on the Warsaw Stock Exchange.

On 30 March 2010, AIB announced the intention to sell its stake in Bank Zachodni WBK S.A and on 10 September these intentions were confirmed by announcing the buyer – Spanish group Santander which was to buy 70.36% of shares worth EUR 3,1bn from AIB. On 30 March 2011, in a tender offer, Santander acquired 69,912 m company’s shares taking up 95.67% of its stake.

In 2012, the Santander Group reached an agreement with Belgian KBC Bank on the acquisition of Kredyt Bank, owned by the latter. In the aftermath of acquiring Kredyt Bank by the Santander Group, the two Polish banks merged. The entry in KRS on 4 January 2013, made Bank Zachodni WBK S.A. a legal successor of Kredyt Bank. The merged bank operates as Bank Zachodni WBK and the name Kredyt Bank is used as a trademark of some products.

Capital Group[edit]

Bank Zachodni WBK Group encompasses companies whose core business is brokerage, asset management, investment fund management, leasing, factoring, bancassurance insurance services and private banking. Apart from Bank Zachodni WBK, BZ WBK Group’s subsidiaries are:

  • Dom Maklerski BZ WBK SA ( BZ WBK S.A. Brokerage House)
  • BZ WBK Nieruchomości S.A. (BZ WBK S.A Property)
  • BZ WBK Asset Management
  • BZ WBK Faktor Sp. z o.o (BZ WBK Factor Sp. z o.o)
  • BZ WBK Leasing S.A.
  • BZ WBK Inwestycje Sp. z o.o (BZ WBK S.A Investments)
  • BZ WBK - Aviva Towarzystwo Ubezpieczeń Ogólnych S.A. (BZ WBK – Aviva Insurance Provider S.A.) (joint venture)
  • BZ WBK - Aviva Towarzystwo Ubezpieczeń Ogólnych S.A. (BZ WBK – Aviva Insurance Provider S.A.) (joint venture)

Branches and ATMs[edit]

Currently, there are 625 BZ WBK branches in Poland. The own branch network is complemented by franchisee partner outlets managed by individuals who cooperate with the bank based on agency agreements and offer select products and services of BZ WBK. There are 1050 BZ WBK ATMs in Poland.

Foundation[edit]

The mission of Fundacja Banku Zachodniego WBK established over 10 years ago (until 2001 it operated under the name of “Pomoc Ludziom”) is to invest in the development of talents and passion of children from economically disadvantaged familities.

Marketing campaigns[edit]

Bank Zachodni WBK creates its image, among others, by means of advertisement/commercial campaigns which feature international celebrities. Among the celebrities who starred in the commercials were: John Cleese, co-founder and member of Monty Python Group, comedian Danny DeVito, selector of Poland's national football team, Leo Beenhakker, French actor, Gérard Depardieu and Antonio Banderas. At the moment, the bank’s face is Chuck Norris. In April of this year, Izabela Kuna joined the campaign and is currently advertising the newest BZWBK product – "Worth Recommending Account" with Chuck Norris.

References[edit]

External links[edit]