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  5. AIG Consumer Finance Group Acquires Banku Podlaskiego

M&A Deal Summary

AIG Consumer Finance Group Acquires Banku Podlaskiego

On August 4, 1998, AIG Consumer Finance Group acquired financial services company Banku Podlaskiego

Acquisition Highlights
  • This is AIG Consumer Finance Group’s 1st transaction in the Financial Services sector.
  • This is AIG Consumer Finance Group’s 1st transaction in Poland.

M&A Deal Summary
Date 1998-08-04
Target Banku Podlaskiego
Sector Financial Services
Buyer(s) AIG Consumer Finance Group
Deal Type Add-on Acquisition

Target

Banku Podlaskiego

Poland
Banku Podlaskiego (Bank Podlaski), a Polish bank with operations directed primarily at consumers and small businesses. Bank Podlaski was established in 1992 under a general banking license granted by the National Bank of Poland.

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Buyer(S) 1

Buyer

AIG Consumer Finance Group

New York, New York, United States
Category Company
Founded 1995
DESCRIPTION

AIG Consumer Finance Group, Inc. provides consumer finance materials. It offers credit cards, auto loans, consumer loans, and sales finance.

DEAL STATS #
Overall 1 of 3
Sector: Financial Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 3
Country: Poland M&A 1 of 2
Year: 1998 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-11-16 Credit Leasing Assistance S.a.

Poland

Credit Leasing Assistance, S.a. is a provider of installment sales financing to retailers throughout Poland. Credit Leasing Assistance operates a network of 18 regional and 35 branch offices that provide financing for appliances, electronics and other consumer durables through more than 6000 retail stores throughout Poland.

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