Nordea Bank Polska

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Nordea Bank Polska S.A.
Subsidiary (of Nordea)
Industry Finance
Founded 2001
Headquarters Gdynia, Poland
Products Financial Services
Website www.nordea.pl

Nordea Bank Polska was a name of bank, part of Nordea in Poland - the largest Scandinavian financial group.

Nordea Bank Polska was established first as "Bank Komunalny" in 1992, the Nordea Group became a strategic investor in 1999. By the end of 2001, Bank Komunalny was fully consolidated into Nordea.

It had identified itself as a modern bank offering banking services via the Internet, telephone, free-of-charge personalized SMS’s, WAP, and a network of branches. Its electronic banking had been created on the basis of the Scandinavian Solo system, which processes banking operations executed via the Internet.

Since 2010 Nordea is represented in Poland by Nordea Bank AB SA Branch in Poland. It has been established in order to service the Nordic business units - both witin the operations centre located in Łódz, as well as IT Division located in Gdynia and Gdansk. Nowadays Nordea employs above 1800 employees in Poland and still growing.

Sale off to PKO[edit]

On Jun 12, 2013, Nordea Bank Polska was sold to PKO.[1] Source cites reasons as "increased competition and lower revenue from lending after demand for goods and services fell"[1] and "tougher rules, including the need to float 25 percent of the local subsidiary on the stock market".[2] Later story added up on various sides of situation in banking of Poland: external causes to exit market by foreign banking conglomerates, internal pressure in Poland and PKO particular ambitions in area.[3]

References[edit]

  1. ^ a b "Nordea Sells Its Polish Units to PKO Bank for 694 Million Euros". Bloomberg L.P. Retrieved 2 April 2014.  Cite error: Invalid <ref> tag; name "bloomberg" defined multiple times with different content (see the help page).
  2. ^ Lannin, Patrick. "Nordea exits Poland with sale to PKO Bank". Reuters. Retrieved 2 April 2014. 
  3. ^ Wasilewski, Patryk. "PKO to Buy Nordea's Polish Unit". The Wall Street Journal. Retrieved 2 April 2014.