Bank Zachodni

Bank Zachodni 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. Allied Irish Banks (AIB) acquired 80 percent of its shares at the height of Poland's banking sector privatization drive in 1999. AIB separately acquired a 60-percent stake in Wielkopolski Bank Kredytowy, and merged the two regional banks in 2001 to form Bank BZ-WBK. ==See also==