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CIB Bank
CIB Bank (or Central European International Bank Ltd.) is the second-biggest commercial bank in Hungary, after the 1 January 2008 merger with Inter-Európa Bank. This follows the 2007 merger of their respective Italian parent companies, Banca Intesa and Sanpaolo IMI to form Intesa Sanpaolo.
CIB was registered under Hungarian Company Law of 1875.
On 9 November 1979, the Central-European International Bank Ltd was established in Budapest as an exchange bank and began its operations in 1980.
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.
On 21 December 1995, CIB was given the license to conduct commercial banking business by the State Banking Supervision.
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.
Since June 1993 the company is listed on the Budapest Stock Exchange.
CIB Securities has been licensed for securities trading since November 1994.
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CIB Bank
CIB Bank (or Central European International Bank Ltd.) is the second-biggest commercial bank in Hungary, after the 1 January 2008 merger with Inter-Európa Bank. This follows the 2007 merger of their respective Italian parent companies, Banca Intesa and Sanpaolo IMI to form Intesa Sanpaolo.
CIB was registered under Hungarian Company Law of 1875.
On 9 November 1979, the Central-European International Bank Ltd was established in Budapest as an exchange bank and began its operations in 1980.
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.
On 21 December 1995, CIB was given the license to conduct commercial banking business by the State Banking Supervision.
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.
Since June 1993 the company is listed on the Budapest Stock Exchange.
CIB Securities has been licensed for securities trading since November 1994.
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