PZU Group is one of the largest financial institutions in Poland and in Central and Eastern Europe. The Group is led by Powszechny Zakład Ubezpieczeń S.A. (PZU) – a company quoted on the Warsaw Stock Exchange. The history of the PZU brand goes back to 1803 when the first Polish insurance company was established.
For over 200 years, the core of PZU Group is insurance activity, which aims to ensure a sense of peace and security for our clients through the offered comprehensive insurance protection in all crucial areas of private, public, and economic life.
As it searches for new directions of development and responds to the needs of its clients, PZU Group is expanding in the field of investments and health. Furthermore, PZU Group’s strategy for the years 2016 2020, which was released on 24 August 2016, was followed by attempts to raise investments in the banking sector. In 2015, PZU Group initiated the process by purchasing 25.19% of shares in the share capital of Alior Bank SA (Alior Bank). The next step saw Alior Bank acquire a part of Bank BPH, including its core operations (without its mortgage loans portfolio and Investment Trust Company).
While monitoring potential objectives fitting PZU Group’s strategy of building a large-scale and profitable bank group, PZU announced in December 2016 that it had signed an agreement with UniCredit for purchase of 20% of the shares of Bank Pekao S.A. (together with the PFR Polish Development Fund – 32.8%). When the transaction is finalized, PZU will become the largest financial group in Central and Eastern Europe as the leader in insurance, banking, and asset management.