CIB was registered under Hungarian Company Law of 1875.[3]
On 9 November 1979, the Central-European International Bank Ltd was established in Budapest as an exchange bank and began its operations in 1980.[4]
On the basis of the Company Law of 1988 and after the establishment of the two-tier banking system in 1988 the CIB Hungária Bank Rt. was established and a year later the CIBINTRA International Trading Co. Ltd. was founded.[4]
On 21 December 1995, CIB was given the license to conduct commercial banking business by the State Banking Supervision.
National expansion (1992-2006)
In 1992 CIB Bank started to expand its branches with the foundation of the CIB Broker Co. Ltd. as a subsidiary of CIB Hungária Bank Rt. CIB Broker Co. Ltd., which later became CIB Securities Ltd. as the investment company of CIB Bank.[5]
CIB Securities has been licensed for securities trading since November 1994.
On 31 December 1996, the company was transformed to a joint stock company.[7]
On 1 January 1998, Central-European International Bank Ltd. and CIB Hungária Bank Rt. were consolidated and named after the Central-European International Bank Ltd.[8]
Until March 1999 the capital grew to HUF 4.4 billion.[9]
By the end of 2006, the bank had 98 branches nationwide.[10]
