The beginning of this year was a time of major changes at the Socio-Economic Investment Society (TISE SA). Just before Christmas Eve, our current owner, the French bank Crédit Coopératif, signed an agreement to sell 100% of TISE’s shares to the Polish Poznań Cooperative Bank (PBS).
TISE had been a member of the Crédit Coopératif group since June 1991, i.e. since its registration. Since 2009, this French cooperative bank owned 100% of TISE’s shares. PBS Bank belongs to the SGB cooperative group, of which TISE was one of the largest shareholders for many years (until March 2023); so we have known each other for a long time!
On 3 January 2024, TISE’s General Meeting of Shareholders established a new Supervisory Board (its composition here: https://tise.pl/team/), which appointed Mr Artur Koziol as Chairman of the Board of Management . The new president of TISE is 65 years old, a graduate of the Warsaw School of Planning and Statistics (now the Warsaw School of Economics). He has worked for and led teams at various commercial banks, leasing companies, brokerage firms and advisory firms. He also has extensive experience in the area of human capital management.
PBS Bank has been in business for 130 years and is one of the oldest cooperative banks in Wielkopolska and one of the largest cooperative banks in the country. It directs its offer to medium and small manufacturing, service and trading companies, craftsmen, the agricultural sector, households and area budget units. It is a community bank. And this is what makes the two institutions fit together,’ says Artur Kozioł. TISE will retain its current profile as a loan fund for micro, small and medium-sized enterprises and for social economy entities and NGOs. Thanks to the support of Poznań Cooperative Bank, its localisation and good cooperation with the network of cooperative banks, we will be even closer to the borrowers from our target groups, concludes the new president of TISE.