BPS Group
 Group head office building in Warsaw | |
Native name | Grupa Banku Polskiej Spółdzielczości |
|---|---|
| Type | Cooperative |
| Industry | Financial services |
| Predecessor | Gospodarczy Bank Południowo-Zachodni (GBPZ) |
| Founded | March 15, 2002 |
| Headquarters | , |
Area served | Poland |
| Products | cooperative banking |
| Website | bankbps |
BPS Group (Polish: Grupa BPS), for Bank Polskiej Spółdzielczości (lit. 'Polish Cooperative Bank'), is a Polish cooperative banking group, relying on the central financing entity Bank BPS (Polish: Bank Polskiej Spółdzielczości SA).
The BPS Group originates from a 2002 merger between six institutions of the Polish cooperative banking sector led by Gospodarczy Bank Południowo-Zachodni (GBPZ, lit. 'southwestern commercial bank'), established in 1992 in Wrocław.[1] Its aggregate assets at end-2023 reached 149 billion Polish złotys.[2]
History
[edit]In the early 2000s, GBPZ formed an alliance with five other regional banks,[3] then merged with them on 15 March 2002 and renamed itself as Bank BPS.[4][5] The new entity thus became the central entity of a group that brought together 369 (61 percent) of the 604 local cooperative banks that remained in Poland at that time as a result of ongoing consolidation.[6] Since then, the group has kept dual head offices in Wrocław and Warsaw.[1]
In 2015, the Polish Financial Supervision Authority approved the institutional protection scheme of the BPS Group, which brings together Bank BPS and the local cooperative banks. Bank BPS, in turn, is majority-owned by the group's local cooperative banks. As of mid-2025, there were 307 local cooperative banks in the group.[2]
Paweł Siano was the initiator of the formation of the BPS group. He led GBPZ from its creation in 1992, then BPS Bank until 2008.[4]
See also
[edit]References
[edit]- 1 2 "O nas". Bank BPS. Retrieved 29 July 2025.
- 1 2 "O Grupie". Bank BPS. Retrieved 29 July 2025.
- ↑ Pokojska Małgorzata (2001), "Drogi się rozchodzą", Gazeta Bankowa, no. 22, pp. 5–6
- 1 2 Czesława Kosturek (14 March 2015). "Historia banków spółdzielczych w ostatnim ćwierćwieczu". bs.net.pl.
- ↑ "Historia". Bank Spółdzielczy w Wysokiej. Retrieved 31 July 2025.
- ↑ "Historia banku". Bank Spółdzielczy w Węgorzewie. Retrieved 29 July 2025.
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