approval by the KNF (Financial Supervision Authority) of the takeover by Fortis Bank Polska of specific assets of BNP Paribas SA Branch customers and commitments of the Branch towards certain customers
Fortis Bank (then Generale Bank), Polish American Enterprise Fund and Enterprise Credit Corporation finalized the transaction following which Fortis Bank increased its share in PPABank to 68,5% and after the public tender to 98.38%.
PPABank acquired 100% shares in Pioneer Polski Dom Maklerski SA (now Fortis Private Investments Polska)
PPABank purchased a chain of Customer Service Outlets (POKs) in main cities in Poland from Pioneer First Polish Investment Fund Company
PPABank signs a commercial agreement with Fortis Bank (operating as Generale Bank at the time)
PPABank signed a cooperation agreement with ECC
PPABank makes its debut on the Warsaw Stock Exchange
The Bank implements EQUATION system allowing online connection within the Bank's network
The Bank changes its name from "Pierwszy Polsko-Amerykański Bank w Krakowie SA" to Pierwszy Polsko-Amerykański Bank S.A.
Polish-American Enterprise Fund becomes the strategic investor in the Krakow Banking Society, which changes its name to Pierwszy Polsko-Amerykanski Bank w Krakowie S.A. (First Polish-American Bank in Krakow S.A.)
Formation of the Krakow Banking Society (on the initiative of the Krakow Industrial Society and the Agency for Industrial Development, Joint Stock Company)