48. Events after the Balance Sheet Date

48. Events after the Balance Sheet Date

BRE Bank Group S.A. Annual Report 2011
IFRS Consolidated Financial Statements 2011
48. Events after the Balance Sheet Date
In December 2011, a decision was made to reorganise the outsourcing services area of BRE Bank Group by means
of transferring the operations and processes related to services provided to clients from outside BRE Bank Group
from Centrum Rozliczeń i Informacji CERI Sp. z o.o. (CERI) to BRE Systems Sp. z o.o. (BRE Systems). On 29 February
2012, an agreement was signed on the sale of 100% of BRE Systems to Commerzbank AG. BRE Bank and CERI sold
their respective shareholdings of 0.42% and 99.58% in BRE Systems for a total amount of PLN 13.2 million to
Commerzbank AG.
Moreover, in December 2011, the General Meetings of CERI and BRE Systems adopted resolutions on changing the
registered business names of both companies. Consequently, following the registration of the aforesaid resolutions
with the Commercial Court, Centrum Rozliczeń i Informacji Sp. z o.o. changed its registered business name to
BRE Centrum Operacji Sp. z o.o. and BRE Systems Sp. z o.o. changed its registered business name to CERI
International Sp. z o.o.
As a result of the changes, BRE Centrum Operacji (formerly – CERI) will be providing outsourcing services to BRE
Bank and the subsidiaries of BRE Group, while CERI International Sp. z o.o.(formerly – BRE Systems) will be
rendering its services to Commerzbank AG and entities from outside BRE Bank Group.