CIB Bank
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 Registered head office of CIB Bank, Petrezselyem utca 2-8 in Budapest | |
| Type | Public |
|---|---|
| Industry | Finance and insurance |
| Founded | 1979 |
| Headquarters | Budapest, Hungary |
| Products | Commercial banking |
| Revenue |  €449.8 million (2025)[1] |
 €219.8 million (2025)[1] | |
| €196.8 million (2025)[1] | |
| Total assets | €10.04 billion (2025)[1] |
| Total equity | €980.9 million (2025)[1] |
| Parent | Intesa Sanpaolo |
| Website | www.cib.hu |
CIB Bank (or Central European International Bank Ltd.)[2] was created trough a merger with Inter-Európa Bank in January 2008 following the 2007 merger of their respective Italian parent companies, Banca Intesa and Sanpaolo IMI to form Intesa Sanpaolo. The bank is the seventh-biggest commercial bank in Hungary as of 2025.[3]
History
[edit]Foundation
[edit]CIB was registered under Hungarian Company Law of 1875.[4]
On 9 November 1979, the Central-European International Bank Ltd was established in Budapest as an exchange bank and began its operations in 1980.[5]
On the basis of the Company Law of 1988 and after the establishment of the two-tier banking system in 1988 the CIB Hungária Bank Rt. was established and a year later the CIBINTRA International Trading Co. Ltd. was founded.[5]
On 21 December 1995, CIB was given the license to conduct commercial banking business by the State Banking Supervision.
National expansion (1992-2006)
[edit]In 1992 CIB Bank started to expand its branches with the foundation of the CIB Broker Co. Ltd. as a subsidiary of CIB Hungária Bank Rt. CIB Broker Co. Ltd., which later became CIB Securities Ltd. as the investment company of CIB Bank.[6]
Since June 1993 the company is listed on the Budapest Stock Exchange.[7]
CIB Securities has been licensed for securities trading since November 1994.
On 31 December 1996, the company was transformed to a joint stock company.[8]
On 1 January 1998, Central-European International Bank Ltd. and CIB Hungária Bank Rt. were consolidated and named after the Central-European International Bank Ltd.[9]
Until March 1999 the capital grew to HUF 4.4 billion.[10]
By the end of 2006, the bank had 98 branches nationwide.[11]
Present
[edit]In 2007 the parent company of CIB, Banca Intesa, merged with Sanpaolo IMI to Intesa Sanpaolo S.p.A.[12][13]
In 2008 CIB Bank merged with Inter-Európa Bank and continued to operate as CIB Bank Ltd.[12]
In April 2014 Pál Simák became chairman and CEO of CIB Bank.[14] He was replaced by Luigi Fuzio in June 2026.[15][16]
See also
[edit]
References
[edit]- 1 2 3 4 5 "Annual Report 2025" (PDF). Retrieved 2026-09-22.
- ↑ "CIB Bank | ECBS". www.ecbs.org. Retrieved 2020-05-26.
- ↑ "OTP Accounts for 53% of Hungarian Banking Groups' Total Assets - Budapest Business Journal". bbj.hu. 2026-09-11. Retrieved 2026-09-22.
- ↑ "CIB Bank | ECBS". www.ecbs.org. Retrieved 2020-05-06.
- 1 2 "History". CIB Bank Ltd. Retrieved 2020-05-06.
- ↑ "Annual Report 1999". Retrieved 2020-05-26.
- ↑ "CIB Group". CIB Bank Ltd. Retrieved 2020-05-26.
- ↑ "CIB Bank". Retrieved 2020-06-24.
- ↑ The Europa world year book 2003 (44th ed.). London: Europa Publications. 2003. ISBN 1-85743-227-4. OCLC 53387477.
- ↑ "CIB- Central European International Bank". Retrieved 2020-06-24.
- ↑ "CIB Bank | ECBS". www.ecbs.org. Retrieved 2020-06-24.
- 1 2 "Intesa Sanpaolo Group - Historical Presence Around the World". internationalhistory.intesasanpaolo.com. Archived from the original on 2020-06-27. Retrieved 2020-06-24.
- ↑ "35 éves lett a CIB Bank". hvg.hu (in Hungarian). 2014-11-10. Retrieved 2026-09-22.
- ↑ "Pál Simák". www.portfolio.hu (in Hungarian). Retrieved 2020-06-24.
- ↑ "Munkába állt a CIB Bank új elnök-vezérigazgatója". Portfolio.hu (in Hungarian). 2026-06-22. Retrieved 2026-09-22.
- ↑ "Új vezérigazgatót nevezett ki a CIB Bank". hvg.hu (in Hungarian). 2026-06-22. Retrieved 2026-09-22.
External links
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