How it started
History
Founded in 2008 by an Italian group Carlo Tassara, the bank debuted on Warsaw Stock Exchange in 2012 with an offering valued at 2.1 billion Polish złoty, the highest in the exchange's history. In 2014, Alior's stock price became part of WIG20 index.
In 2013, the bank attracted controversy when its deputy president mentioned that the bank considers collecting big data of its customers, pulling information from online social networks etc.
Since 2015, the bank commenced a series of mergers and acquisitions, most notably acquiring Meritum Bank (2015) and Bank BPH (2016). In autumn 2014, Alior Bank purchased 97.9% of Meritum Bank. On 19 February 2015 the transaction was finished.
On June 23, 2015, the Polish Financial Supervision Authority authorized the merger of Alior Bank S.A. and Meritum Bank ICB S.A. by transferring all of Meritum Bank's assets to Alior Bank.
In June 2015, State-controlled PZU, Poland's largest insurer agreed to buy a 25.3-percent stake in Alior Bank. Currently, the PZU SA Group holds 31.91% of shares of the Alior Bank.
From Wikipedia’s article on Alior Bank, shared under CC BY-SA 4.0.2