Rymarz Zdort advises Bank BPH on preparation of outsourcing agreement with IBM Polska Business Services

Rymarz Zdort advised Bank BPH S.A. (“Bank BPH”) on the preparation, negotiation and conclusion of a significant outsourcing agreement for servicing a portfolio of mortgage receivables and the provision of IT services with IBM Polska Business Services sp. z o.o. (“IBM”). The advisory services also included support for Bank BPH in negotiating a quadrilateral cooperation agreement for the outsourcing services previously provided to Bank BPH by Alior Bank S.A. (“Alior Bank”) to be transferred to IBM and Kyndryl Polska Business Services sp. z o.o. (“Kyndryl”).

Bank BPH, a nationwide bank headquartered in Gdańsk, is part of the international capital group of the General Electric Company.

IBM Polska is the Poland-based arm of US-based IBM Inc., which provides consulting and IT services as well as software and hardware.

Kyndryl is a new company which was spun off from IBM in November 2021. The company is specialized in design, construction, modernization and management of technological systems.

Alior Bank is a universal bank in Poland that launched in 2008. Alior Bank is listed on the Warsaw Stock Exchange and is included in the WIG20 stock exchange index. The bank’s largest shareholder is the PZU Group, which holds approximately 32% of its shares.

Transactional supervision was carried out by Dr hab. Łukasz Gasiński, a partner in the corporate department at Rymarz Zdort, and the work was conducted by associate Szymon Cieniawski. The team also included partner Monika Kierepa, who was responsible for intellectual property law aspects and GDPR issues; partner Robert Krasnodębski and associate Filip Biegun, who were responsible for tax issues; and counsel Marek Kanczew, who coordinated the labour law aspects of the transaction.