Revenues to the state budget from the sale of shares in state-owned banks in 1994-2000

On June 14, 1996, a special law was passed on the merger and grouping of certain banks in the form of joint-stock companies. Pursuant to these regulations, the PeKaO S.A. banking group was established, which was the only entity of this type established in this way. Additionally, by the end of 1996, four out of nine regional banks were sold, i.e. Wielkopolski Bank Kredytowy S.A., Bank Śląski S.A., Bank Przemysłowo-Handlowy S.A. and Bank Gdański. These banks were sold on the market in the form of public offerings. The interest in the shares was high - the reported demand definitely exceeded the number of shares offered.After another change of government, the privatization process of Polish banks accelerated. Sales to foreign investors began, offering a majority shareholding. This process was carried out on the basis of the strategy published on July 14, 1998 entitled "Privatization program until 2001".
These data include income from the sale of banks in the years 1994-2000.