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National Development Bank (Poland)

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38: 966: 29: 355:. One of the forms of BGK's activity in this field were activities undertaken by BGK at the request of the government, aimed at financial protection and modernization of strategic enterprises of the economic and military interests of the state. This became the basis for the creation of the so-called BGK conglomerate, which included enterprises of great importance for the national economy and defense of the country: the Association of 641: 328: 1017: 434:
important for the society, such as housing infrastructure, energy efficiency and public utilities. It supports Polish exporters by taking on part of the risk related to trading activities of Polish companies. In collaboration with other financial institutions, BGK improves access to funding for businesses, which translates into lower unemployment and stronger GDP growth.
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In 1989, BGK resumed it operation as a state-owned bank and as such acted primarily as issue agent for Treasury bonds, offered for the first time in several decades. The Bank's activities focused on the preparation of sub-agent deals for the sale and redemption of bonds, development of accounting and
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BGK participates in the implementation of the state's economic objectives. During the economic slowdown, it provides funding for infrastructure investments and thus supports growth of this sector of the economy. It is an important link in the provision of funding and support for areas that are
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and offering local government loans as well as providing loans to savings institutions and performing all other banking tasks. The Bank had special obligations towards state-owned and local government companies. Securities issued by BGK were guaranteed by the State Treasury.
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In modern Poland, the government tasks the Bank with the operation of a number of special purpose funds and programmes (including the National Road Fund, National Housing Fund, Thermomodernisation and Renovation Fund and the Railway Fund).
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BGK manages several special purpose funds and a number of governmental programmes. Its mission is to support social and economic growth of Poland and the public finance sector in the performance of its tasks.
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established the Three Seas Initiative Investment Fund. It is focusing on projects creating transport, energy and digital infrastructure in the Three Seas region. The aim is to raise up to EUR 3-5 billion.
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The Fund will engage, on a commercial basis, in infrastructure projects with a total value of up to EUR 100 billion, while the needs of the Three Seas region have been estimated at over EUR 570 billion.
254:, is a state-owned bank in Poland, operating under a dedicated bill of law. Its main tasks are: support and servicing of export transactions, issuing governmental guarantees, and support of housing. 792: 339:
in industry and trade, Grabski was at the same time a supporter of strong state banking. The Bank's main tasks included granting long-term loans through issuance of covered, municipal, railway and
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The Bank also administered the government's special purpose funds, including the Credit Institution Support Fund, State Construction Fund, State Credit Fund and Labour Fund.
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After World War II, BGK was reactivated with renowned economist Professor Edward Lipski at its helm. In 1948, as a result of a banking reform, BGK was supposed to be an
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Bank Gospodarstwa Krajowego, in accordance with its statutory tasks, from the beginning of its existence financially supported the development of
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Starting from 1936, BGK was included in realization of state investment plan of creating the
423: 392: 364: 268:. The bank was involved in Polish international trade, funding of numerous companies and of 173: 733: 1082: 1066: 335:
The creation of BGK was a result of Grabski's economic concepts. Despite being opposed to
239: 965: 473: 407:. Its role during 1948-1989 period was mainly limited to pre-war foreign debt service. 340: 109: 1137: 1102: 818:"Three Seas Initiative Investment Fund established | Central Europe Energy Partners" 646: 356: 327: 321: 276: 324:, the State Reconstruction Bank and the Credit Institution of Malopolska Cities. 48: 1036: 636: 143: 674: 384:
and served as the primary participant in the economic restructuring process.
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At the turn of the 1920s and 1930s, BGK became one of the biggest banks of
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its activity was gradually phased-out, until it was reactivated in 1989.
763:"Dubrovnik Forum adopts declaration called "The Three Seas Initiative"" 497: 481: 477: 469: 461: 336: 879:"Polish Briefing: The Three Seas Fund will finance energy investments" 1025: 1016: 493: 485: 352: 291:. Constructed in 1928–1931, it was recognized as a monument in 1965. 251: 91: 410: 930:"New fund to supplement EU infrastructure project financing | News" 1077: 409: 326: 158: 905:"Polish and Romanian banks establish Three Seas investment fund" 987: 287:
The bank's monumental modernistic headquarters was designed by
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In December 1997, BGK returned to its pre-war headquarters in
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Chemical Plant, Boruta Chemical Industry, The Association of
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reporting rules and organizing a nationwide sales network.
264:, its first president was a former Minister of Treasury, 743:. Internetowy System Aktów Prawnych. 16 December 2016 959: 221: 216: 203: 186: 171: 156: 141: 126: 118: 98: 82: 64: 54: 44: 387:Between 1928 and 1931, a BGK building designed by 909:Emerging Europe | News, Intelligence, Community 304:The history of BGK dates back to 1924 when the 728: 726: 999: 8: 612:Korporacja Ubezpieczeń Kredytów Eksportowych 21: 1006: 992: 984: 964: 36: 27: 20: 511:In 2019, Bank Gospodarstwa Krajowego and 700: 698: 696: 694: 692: 658: 456:met for their first summit in 2016, in 257:Founded in 1924 under an initiative of 736:Ustawa o Banku Gospodarstwa Krajowego 442:Three Seas Initiative Investment Fund 367:Mining and a number of other plants. 7: 1144:Government-owned companies of Poland 903:Patricolo, Claudia (11 June 2019). 601:Beata Daszyńska-Muzyczka since 2016 306:President of the Republic of Poland 122:Export, investment, housing support 877:Editorial Staff (21 August 2018). 632:List of national development banks 621:Polska Agencja Inwestycji i Handlu 617:Polish Investment and Trade Agency 14: 1015: 971: 769:. 25 August 2016. Archived from 639: 270:Polish Central Industrial Region 541:Karol Alexandrowicz – 1943-1946 934:Institutional Real Estate, Inc 565:Danuta Chmielewska – 1997-1998 559:Danuta Chmielewska – 1993-1996 1: 711:. Bank Gospodarstwa Krajowego 553:Czesław Gawłowski – 1989-1991 513:Export–Import Bank of Romania 592:Dariusz Kacprzyk – 2013-2016 583:Tomasz Mironczuk – 2009-2011 577:Wojciech Kuryłek – 2006-2007 391:was constructed in Warsaw's 359:Mining and Smelting Plants, 308:, at the initiative of then 70:; 100 years ago 978:Bank Gospodarstwa Krajowego 580:Ireneusz Fąfara – 2007-2009 571:Witold Koziński – 2002-2004 556:Mariusz Stolarz – 1991-1993 244:Bank Gospodarstwa Krajowego 164:PLN 160,301.2 million 1180: 1154:National development banks 574:Andrzej Dorosz – 2004-2006 568:Ryszard Pazura – 1998-2002 562:Waldemar Nowak – 1996-1997 452:The twelve members of the 445: 179:PLN 23,874.0 million 1159:Banks established in 1924 1062:Bank Handlowy w Warszawie 1032: 372:Central Industrial Region 248:national development bank 236:National Development Bank 104:Beata Daszyńska-Muzyczka 35: 26: 22:National Development Bank 1113:Santander Consumer Bank 1047:BNP Paribas Bank Polska 627:Polish Development Fund 149:PLN 315.7 million 134:PLN 369.9 million 667:"Our bank: Governance" 550:Jan Wojnar – 1948-1949 538:– 1927–1935, 1936-1941 415: 332: 312:and Treasury Minister 300:Second Polish Republic 1108:Santander Bank Polska 852:www.sloveniatimes.com 530:Jan Kanty Steczkowski 454:Three Seas Initiative 448:Three Seas Initiative 413: 330: 266:Jan Kanty Steczkowski 250:with headquarters in 980:at Wikimedia Commons 706:"Annual Report 2020" 460:. It is composed of 399:Post-war development 259:Minister of Treasury 828:on 28 February 2020 424:Aleje Jerozolimskie 393:Aleje Jerozolimskie 389:Rudolf Swierczynski 289:Rudolf Świerczyński 246:, BGK) is a Polish 188:Number of employees 87:Aleje Jerozolimskie 23: 858:on 4 November 2019 773:on 16 January 2017 416: 333: 59:Financial services 1131: 1130: 976:Media related to 331:Władysław Grabski 314:Wladyslaw Grabski 262:Władysław Grabski 232: 231: 212: 199: 182: 167: 152: 137: 114: 107: 1171: 1020: 1019: 1008: 1001: 994: 985: 975: 968: 963: 962: 960:Official website 946: 945: 943: 941: 926: 920: 919: 917: 915: 900: 894: 893: 891: 889: 874: 868: 867: 865: 863: 854:. Archived from 844: 838: 837: 835: 833: 824:. Archived from 814: 808: 807: 805: 803: 789: 783: 782: 780: 778: 759: 753: 752: 750: 748: 742: 730: 721: 720: 718: 716: 710: 702: 687: 686: 684: 682: 677:on 19 March 2017 673:. Archived from 663: 649: 644: 643: 642: 382:inter-war Poland 228: 225: 223: 210: 193: 180: 176: 165: 161: 150: 135: 129:Operating income 112: 105: 78: 76: 71: 40: 31: 24: 1179: 1178: 1174: 1173: 1172: 1170: 1169: 1168: 1149:Banks of Poland 1134: 1133: 1132: 1127: 1073:ING Bank Śląski 1067:Credit Agricole 1028: 1014: 1012: 958: 957: 954: 949: 939: 937: 928: 927: 923: 913: 911: 902: 901: 897: 887: 885: 876: 875: 871: 861: 859: 846: 845: 841: 831: 829: 816: 815: 811: 801: 799: 797:www.actmedia.eu 791: 790: 786: 776: 774: 761: 760: 756: 746: 744: 740: 732: 731: 724: 714: 712: 708: 704: 703: 690: 680: 678: 665: 664: 660: 656: 645: 640: 638: 608: 587:Dariusz Daniluk 545:Edward Lipiński 526: 450: 444: 414:Former BGK logo 405:investment bank 401: 302: 297: 285: 220: 189: 172: 157: 146: 131: 108: 101: 90: 74: 72: 69: 17: 12: 11: 5: 1177: 1175: 1167: 1166: 1161: 1156: 1151: 1146: 1136: 1135: 1129: 1128: 1126: 1125: 1120: 1115: 1110: 1105: 1100: 1095: 1090: 1085: 1080: 1075: 1070: 1064: 1059: 1054: 1049: 1044: 1039: 1033: 1030: 1029: 1013: 1011: 1010: 1003: 996: 988: 982: 981: 969: 953: 952:External links 950: 948: 947: 936:. 12 June 2019 921: 895: 883:BiznesAlert EN 869: 839: 809: 784: 754: 722: 688: 657: 655: 652: 651: 650: 635: 634: 629: 624: 614: 607: 604: 603: 602: 599: 596:Mirosław Panek 593: 590: 584: 581: 578: 575: 572: 569: 566: 563: 560: 557: 554: 551: 548: 542: 539: 533: 525: 522: 474:Czech Republic 446:Main article: 443: 440: 400: 397: 365:Potassium Salt 349:Polish economy 310:Prime Minister 301: 298: 296: 293: 284: 281: 230: 229: 218: 214: 213: 207: 201: 200: 190: 187: 184: 183: 177: 169: 168: 162: 154: 153: 147: 142: 139: 138: 132: 127: 124: 123: 120: 116: 115: 102: 99: 96: 95: 84: 80: 79: 66: 62: 61: 56: 52: 51: 46: 42: 41: 33: 32: 16:Bank in Poland 15: 13: 10: 9: 6: 4: 3: 2: 1176: 1165: 1164:Polish brands 1162: 1160: 1157: 1155: 1152: 1150: 1147: 1145: 1142: 1141: 1139: 1124: 1121: 1119: 1116: 1114: 1111: 1109: 1106: 1104: 1101: 1099: 1096: 1094: 1091: 1089: 1086: 1084: 1081: 1079: 1076: 1074: 1071: 1068: 1065: 1063: 1060: 1058: 1055: 1053: 1050: 1048: 1045: 1043: 1040: 1038: 1035: 1034: 1031: 1027: 1023: 1022:Largest banks 1018: 1009: 1004: 1002: 997: 995: 990: 989: 986: 979: 974: 970: 967: 961: 956: 955: 951: 935: 931: 925: 922: 910: 906: 899: 896: 884: 880: 873: 870: 857: 853: 849: 843: 840: 827: 823: 819: 813: 810: 798: 794: 788: 785: 772: 768: 764: 758: 755: 739: 737: 729: 727: 723: 707: 701: 699: 697: 695: 693: 689: 676: 672: 668: 662: 659: 653: 648: 637: 633: 630: 628: 625: 622: 618: 615: 613: 610: 609: 605: 600: 597: 594: 591: 588: 585: 582: 579: 576: 573: 570: 567: 564: 561: 558: 555: 552: 549: 546: 543: 540: 537: 536:Roman Górecki 534: 531: 528: 527: 523: 521: 517: 514: 509: 507: 503: 499: 495: 491: 487: 483: 479: 475: 471: 467: 463: 459: 455: 449: 441: 439: 435: 431: 427: 425: 420: 412: 408: 406: 398: 396: 394: 390: 385: 383: 378: 375: 373: 368: 366: 362: 358: 354: 350: 345: 342: 338: 329: 325: 323: 319: 315: 311: 307: 299: 294: 292: 290: 282: 280: 278: 273: 271: 267: 263: 260: 255: 253: 249: 245: 241: 237: 227: 219: 215: 208: 206: 205:Capital ratio 202: 197: 191: 185: 178: 175: 170: 163: 160: 155: 148: 145: 140: 133: 130: 125: 121: 117: 111: 103: 97: 93: 88: 85: 81: 67: 63: 60: 57: 53: 50: 47: 43: 39: 34: 30: 25: 19: 938:. Retrieved 933: 924: 912:. Retrieved 908: 898: 886:. Retrieved 882: 872: 860:. Retrieved 856:the original 851: 842: 830:. Retrieved 826:the original 821: 812: 800:. Retrieved 796: 787: 775:. Retrieved 771:the original 766: 757: 745:. Retrieved 735: 713:. Retrieved 679:. Retrieved 675:the original 670: 661: 647:Banks portal 620: 518: 510: 451: 436: 432: 428: 421: 417: 402: 386: 379: 376: 369: 357:Starachowice 346: 334: 322:Bank Krajowy 320:region, the 303: 286: 283:Headquarters 277:World War II 274: 256: 243: 235: 233: 174:Total equity 159:Total assets 83:Headquarters 45:Company type 18: 1069:Bank Polska 822:www.ceep.be 589:– 2011-2013 547:– 1946-1948 532:– 1924-1927 426:in Warsaw. 198:, end 2020) 110:Paweł Borys 49:Public bank 1138:Categories 1083:Millennium 1037:Alior Bank 940:4 November 914:4 November 888:4 November 862:4 November 832:4 November 802:4 November 654:References 524:Presidents 341:bank bonds 275:After the 211:(end 2020) 181:(end 2020) 166:(end 2020) 144:Net income 113:(chairman) 100:Key people 1088:Nest Bank 671:en.bgk.pl 490:Lithuania 458:Dubrovnik 1123:VeloBank 1118:SGB-Bank 1103:Pocztowy 767:EBL News 747:19 March 715:15 April 681:19 March 606:See also 506:Slovenia 502:Slovakia 466:Bulgaria 395:street. 361:Grodzisk 119:Products 94:, Poland 55:Industry 498:Romania 482:Hungary 478:Estonia 470:Croatia 462:Austria 337:statism 318:Galicia 295:History 217:Website 209:33.06% 73: ( 65:Founded 1098:PKO BP 1026:Poland 777:4 July 598:– 2016 504:, and 494:Poland 486:Latvia 353:Gdynia 252:Warsaw 240:Polish 192:1 859 151:(2020) 136:(2020) 92:Warsaw 1093:Pekao 1078:mBank 741:(PDF) 709:(PDF) 106:(CEO) 942:2019 916:2019 890:2019 864:2019 834:2019 804:2019 779:2017 749:2017 717:2021 683:2017 234:The 224:.bgk 75:1924 68:1924 1057:BPS 1052:BOŚ 1042:BGK 1024:in 464:, 226:.pl 196:FTE 1140:: 932:. 907:. 881:. 850:. 820:. 795:. 765:. 725:^ 691:^ 669:. 508:. 500:, 496:, 492:, 488:, 484:, 480:, 476:, 472:, 468:, 374:. 272:. 242:: 222:en 1007:e 1000:t 993:v 944:. 918:. 892:. 866:. 836:. 806:. 781:. 751:. 738:" 734:" 719:. 685:. 623:) 619:( 238:( 194:( 89:7 77:)

Index



Public bank
Financial services
Aleje Jerozolimskie
Warsaw
Paweł Borys
Operating income
Net income
Total assets
Total equity
FTE
Capital ratio
en.bgk.pl
Polish
national development bank
Warsaw
Minister of Treasury
Władysław Grabski
Jan Kanty Steczkowski
Polish Central Industrial Region
World War II
Rudolf Świerczyński
President of the Republic of Poland
Prime Minister
Wladyslaw Grabski
Galicia
Bank Krajowy

statism

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