Pomorski Bank Kredytowy (lit. 'Pomeranian Credit Bank'), also known as Bank PBKS, was a bank based in Szczecin, Poland. It was established in 1988-1989, and absorbed in 1999 by Bank Pekao.
Overview
editBank 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
See also
editReferences
edit- 1 2 Thomas Smith Mondschean & Timothy Opiela (February 1997), Banking reform in a transition economy: The case of Poland, Federal Reserve Bank of Chicago
- ↑ System bankowy w Polsce w latach dziewięćdziesiątych (PDF), National Bank of Poland, December 2001
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