SGB Group
The SGB Group (Polish: Grupa SGB), for Spółdzielcza Grupa Bankowa (lit. 'Cooperative Banking Group'), is the second-largest Polish cooperative banking group behind the BPS Group. It relies on the Poznań-based central financing entity SGB-Bank, which served 174 local cooperative banks as of mid-2025.[2]
The group's origin was the establishment in 1990-1991 of Gospodarczy Bank Wielkopolski (GBW) in Poznań, which renamed itself as SGB-Bank in 2011 following multiple mergers.
Overview
GBW was the first of a number of regional banks created in the 1990s to compete with BGZ Bank for the provision of wholesale financial services to local cooperative banks.[3]
By 1993, 117 local cooperative banks had opted to become affiliated with GBW instead of their prior reliance on BGZ Bank for central financial services. France's Crédit Mutuel group became a shareholder of GBW.[1]
By 2000, GBW had formed a so-called "G-2" group together with Bałtycki Bank Regionalny (BBR) in Koszalin,[4] GBW subsequently absorbed its G-2 partner BBR in 2001, then Pomorsko-Kujawski Bank Regionalny in Bydgoszcz in 2002.[2]
In 2011, it acquired Mazowiecki Bank Regionalny (est. 1996 in Warsaw), after which it renamed itself SGB-Bank.[1]
Kazimierz Grześkowiak was the GBW's first president.[1]
The group also includes IPS-SGB, the entity that manages its institutional protection scheme.[2]
See also
References
- ^ a b c d Czesława Kosturek (14 March 2015). "Historia banków spółdzielczych w ostatnim ćwierćwieczu". bs.net.pl.
- ^ a b c "O Grupie SGB". SGB Spółdzielcza Grupa Bankowa. Retrieved 30 July 2025.
- ^ "Bankowość spółdzielcza - Historia". Krajowy Związek Banków Spółdzielczych. Retrieved 31 July 2025.
- ^ "Będą trzy grupy zrzeszające". Interia Biznes. 14 January 2000.