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In March 1995, the Irish group Allied Irish Banks acquired 16.2% of shares in Wielkopolski Bank Kredytowy from the State Treasury. In the following years, the group acquired more WBK shares to buy the control stake in Bank Zachodni in 1999. On 13 June, pursuant to the resolution of Banking Supervision Commission dated 7 March 2001, Bank Zachodni WBK was established.
On 23 June 2001, the bank's shares were floated on the Warsaw Stock Exchange.
On 30 March 2010, AIB announced the intention to sell its stake in Bank Zachodni WBK S.A, and on 10 September these intentions were confirmed by announcing the buyer – Spanish group Santander which was to buy 70.36% of shares worth EUR 3,1bn from AIB. On 30 March 2011, in a tender offer, Santander acquired 69,912 m company shares taking up 95.67% of its stake.
In 2012, the Santander Group reached an agreement with Belgian KBC Bank on the acquisition of Kredyt Bank, owned by the latter. In the aftermath of acquiring Kredyt Bank by the Santander Group, the two Polish banks merged. The entry in KRS on 4 January 2013, made Bank Zachodni WBK S.A. a legal successor of Kredyt Bank. The merged bank operates as Bank Zachodni WBK and the name Kredyt Bank is used as a trademark of some products.
