Knowledge (XXG)

Bank Handlowy

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469: 866: 50: 38: 888: 1142: 933: 873: 367:(1898). In the early years of the twentieth century the bank was the largest private bank in Polish lands and one of the few leading financial services to trade with Russia and Western Europe. During this period, the bank's turnover fluctuated at the level of 2 billion rubles, which was greater than the sum of the then budget of the 409:
After 1945, the bank was the main Polish foreign correspondent bank, and in 1964 it received the official monopoly on Polish foreign trade transactions. This resulted as a consequence of the construction of the then-largest Polish financial institutional network of correspondent banks, opening a
393:
Reactivated in 1945, the bank was a private industrial and commercial company and cooperative. As one of the three banks which escaped formal nationalization after the war, it was subjected to controls of a government commissioner and the state took a significant amount of shares. During the
449:) Zbigniew Masłowski, the Director of the Commercial Bank in Luxembourg in the years 1985 - 1990, tried to oppose this practice. A large number of foreign exchange operations conducted by FOZZ were only through the bank. An inspection of the bank by the 1303: 479:
In 2001 Bank Handlowy merged with Citibank (Poland) SA. Currently, the largest shareholder is Citibank, NA (since 14 August 2007, they have 75% of the shares and 75% of votes at the AGM).
1298: 438:. After 1989, the bank lost a privileged position in foreign trade and began to transform gradually into a commercial bank, opening a number of branches around the country. 441:
During the political transformation, the bank (especially a bank branch in Luxembourg) had played a significant role in the scandal of the Foreign Debt Service Fund
1222: 494: 261:, the bank played a key role in the Foreign Debt Service Fund scandal, which had a negative impact on the Polish economy during the early 1990s. It underwent 899: 921: 1130: 1022: 1108: 382:. The bank did not stop its activities during the two world wars, it only limited activity. During World War II, the bank's branches in the 795: 1077: 1293: 1283: 457:, they were operated to the detriment of the Polish economy with estimated losses during these two years of 5-10 billion dollars. 1268: 847:
Zbigniew Landau, Jerzy Tomaszewski: Bank Handlowy w Warszawie S.A. Zarys dziejów 1870–1995, MUZA S.A. Warszawa 1995 (in Polish)
525: 513: 453:, led by Inspector Halina Ładomirska in 1991-1992 revealed numerous irregularities. The report shows that during the period of 301: 238: 138: 444: 378:. In the 1920s and 1930s the bank represented the Polish government's assets in numerous international companies, notably the 914: 395: 234:. It is one of the oldest banks in Poland, the 10th largest Polish bank by assets, and 18th in terms of number of outlets. 450: 383: 736:"State-Owned Banks, Stability, Privatization, and Growth: Practical Policy Decisions in a World Without Empirical Proof" 374:
The bank made a significant contribution to the construction of the railway network and major industrial plants in the
1166: 258: 579: 250: 537: 1181: 1176: 1123: 468: 1186: 1067: 997: 907: 531: 454: 1278: 877: 110: 698: 1288: 1237: 1217: 1171: 1146: 1032: 645: 982: 242: 555: 1232: 1116: 1087: 1082: 941: 633: 585: 483: 273: 106: 1197: 567: 472: 281: 819: 561: 549: 1027: 621: 615: 507: 305: 591: 403: 603: 573: 49: 1273: 651: 639: 627: 609: 597: 387: 272:
becoming its largest shareholder, owning 75% of shares by 2007. The bank has been listed on the
1212: 1247: 1242: 1092: 957: 771: 519: 1207: 1191: 1072: 1047: 735: 375: 352: 254: 497:
became the CEO of the bank, replacing Sławomira Sikory who held the position since 2003.
336: 164: 17: 865: 671: 37: 992: 972: 543: 379: 368: 360: 297: 246: 175: 89: 1262: 1227: 1052: 1037: 415: 312: 262: 100: 763: 332: 241:
in 1870, Bank Handlowy played a vital role in international trade, representing the
893: 711: 1017: 268:
In the 21st century, Bank Handlowy merged with Citibank (Poland) SA in 2001, with
54:
The historic headquarters of Bank Handlowy from 1874, in ulica Traugutta in Warsaw
1012: 293: 1161: 987: 967: 952: 883: 431: 399: 92: 61: 775: 435: 356: 344: 324: 872: 1007: 419: 340: 328: 269: 180: 1002: 977: 1150: 1141: 962: 932: 427: 411: 364: 355:. In subsequent years, it opened branches in other cities, including 348: 320: 316: 231: 227: 149: 1062: 1202: 1057: 1042: 937: 487: 467: 277: 390:
operated under the strict control of the occupation authorities.
249:. After World War II, the bank was reactivated in 1945 and later 423: 1112: 1097: 903: 191: 245:
government's assets in several international firms like the
859: 482:
Since June 1997, Bank Handlowy has been listed on the
796:"Fitch Affirms Poland's Bank Handlowy at Support '1'" 253:. It was one of the few companies to avoid complete 187: 174: 160: 144: 134: 116: 98: 85: 71: 59: 764:"Citigroup Seals Purchase Of 66% of Bank Handlowy" 1304:Companies set up in the Second Republic of Poland 304:(1812-1878). The first president of the bank was 311:By 1872, the bank had branches and offices in 1299:Companies listed on the Warsaw Stock Exchange 1124: 915: 8: 77: 30: 203: 1131: 1117: 1109: 922: 908: 900: 864: 280:index. Its current headquarters is in the 48: 36: 29: 445:Fundusz Obsługi Zadłużenia Zagranicznego 663: 276:since 1997 and is a constituent of the 694: 692: 257:during communism in Poland. After the 712:"Banki.pl - Citi Handlowy - Historia" 292:It was founded in 1870 by a group of 7: 762:Williamson, Elizabeth (2000-06-06). 414:, foreign representative offices in 398:it was one of two banks (along with 386:were liquidated, while those in the 820:"Jest nowa prezes Banku Handlowego" 226:in 2007, is a Polish bank based in 460:In 1997, the bank was privatized. 300:. The initiator was the financier 25: 495:Elżbieta Światopełk-Czetwertyńska 1140: 931: 886: 871: 335:, and representative offices in 455:foreign exchange market control 426:and Berlin, and affiliation in 538:Stanisław Sebastian Lubomirski 79:Bank Handlowy w Warszawie S.A. 31:Bank Handlowy w Warszawie S.A. 1: 451:Supreme Audit Office (Poland) 699:Bank Handlowy w Warszawie SA 526:Stanisław Leopold Kronenberg 514:Leopold Stanisław Kronenberg 302:Leopold Stanisław Kronenberg 239:Leopold Stanisław Kronenberg 139:Leopold Stanisław Kronenberg 743:International Monetary Fund 396:People's Republic of Poland 327:(Commerzbank in Warschau), 296:financiers, landowners and 259:fall of communism in Poland 192:http://www.citihandlowy.pl/ 1320: 1023:Jastrzębska Spółka Węglowa 1294:Companies based in Warsaw 1284:Banks established in 1870 1187:Bank Handlowy w Warszawie 1157: 1068:Polska Grupa Energetyczna 948: 532:Leopold Julian Kronenberg 213:Commercial Bank in Warsaw 200:Bank Handlowy w Warszawie 47: 35: 18:Bank Handlowy w Warszawie 384:areas annexed by Germany 251:Polish People's Republic 1238:Santander Consumer Bank 1172:BNP Paribas Bank Polska 678:(in Polish). 2017-10-16 486:, and is listed on the 237:Initiated by financier 122:; 154 years ago 1269:Companies in the WIG30 476: 243:Second Polish Republic 78: 1233:Santander Bank Polska 1083:Santander Bank Polska 942:Warsaw Stock Exchange 646:Stanisław Sołtysiński 580:Michał Rola-Żymierski 484:Warsaw Stock Exchange 471: 274:Warsaw Stock Exchange 880:at Wikimedia Commons 800:www.fitchratings.com 768:Wall Street Journal 556:Stanisław Wachowiak 475:, main headquarters 404:joint stock company 32: 701:, Encyklopedia PWN 652:Andrzej Olechowski 640:Andrzej Olechowski 634:Grzegorz Wójtowicz 628:Andrzej Olechowski 586:Stanisław Majewski 477: 473:Jabłonowski Palace 402:), operating as a 388:General Government 282:Jabłonowski Palace 120:13 April 1870 1256: 1255: 1106: 1105: 1028:KGHM Polska Miedź 876:Media related to 568:Zygmunt Karpiński 501:List of directors 220:Citibank Handlowy 197: 196: 170: 16:(Redirected from 1311: 1145: 1144: 1133: 1126: 1119: 1110: 936: 935: 924: 917: 910: 901: 896: 891: 890: 889: 875: 868: 863: 862: 860:Official website 835: 834: 832: 831: 816: 810: 809: 807: 806: 792: 786: 785: 783: 782: 759: 753: 752: 750: 749: 740: 732: 726: 725: 723: 722: 708: 702: 696: 687: 686: 684: 683: 668: 562:Jerzy Jurkiewicz 550:Józef Żychliński 520:Juliusz Wertheim 464:The current bank 217: 214: 211: 208: 205: 168: 130: 128: 123: 81: 52: 40: 33: 21: 1319: 1318: 1314: 1313: 1312: 1310: 1309: 1308: 1279:Banks of Poland 1259: 1258: 1257: 1252: 1198:ING Bank Śląski 1192:Credit Agricole 1153: 1139: 1137: 1107: 1102: 1073:PKO Bank Polski 1048:Bank Millennium 973:Benefit Systems 944: 930: 928: 892: 887: 885: 858: 857: 854: 844: 839: 838: 829: 827: 818: 817: 813: 804: 802: 794: 793: 789: 780: 778: 761: 760: 756: 747: 745: 738: 734: 733: 729: 720: 718: 710: 709: 705: 697: 690: 681: 679: 672:"Citi Handlowy" 670: 669: 665: 660: 503: 466: 380:Danzig Shipyard 353:Rawa Mazowiecka 290: 255:nationalization 247:Danzig Shipyard 215: 212: 209: 206: 156: 152: 126: 124: 121: 103: 74: 64: 55: 43: 28: 23: 22: 15: 12: 11: 5: 1317: 1315: 1307: 1306: 1301: 1296: 1291: 1289:1870 in Poland 1286: 1281: 1276: 1271: 1261: 1260: 1254: 1253: 1251: 1250: 1245: 1240: 1235: 1230: 1225: 1220: 1215: 1210: 1205: 1200: 1195: 1189: 1184: 1179: 1174: 1169: 1164: 1158: 1155: 1154: 1138: 1136: 1135: 1128: 1121: 1113: 1104: 1103: 1101: 1100: 1095: 1090: 1085: 1080: 1075: 1070: 1065: 1060: 1055: 1050: 1045: 1040: 1035: 1030: 1025: 1020: 1015: 1010: 1005: 1000: 995: 993:Cyfrowy Polsat 990: 985: 980: 975: 970: 965: 960: 955: 949: 946: 945: 929: 927: 926: 919: 912: 904: 898: 897: 882: 881: 869: 853: 852:External links 850: 849: 848: 843: 840: 837: 836: 824:Rzeczpospolita 811: 787: 754: 727: 703: 688: 662: 661: 659: 656: 655: 654: 648: 642: 636: 630: 624: 622:Janusz Sawicki 618: 616:Andrzej Dorosz 612: 606: 600: 594: 588: 582: 576: 570: 564: 558: 552: 546: 544:August Zaleski 540: 534: 528: 522: 516: 510: 508:Józef Zamoyski 502: 499: 465: 462: 376:Polish Kingdom 369:Russian Empire 306:Jozef Zamoyski 298:intelligentsia 289: 286: 195: 194: 189: 185: 184: 178: 172: 171: 162: 158: 157: 154: 148: 146: 142: 141: 136: 132: 131: 118: 114: 113: 104: 99: 96: 95: 87: 83: 82: 75: 72: 69: 68: 65: 60: 57: 56: 53: 45: 44: 41: 27:Bank in Poland 26: 24: 14: 13: 10: 9: 6: 4: 3: 2: 1316: 1305: 1302: 1300: 1297: 1295: 1292: 1290: 1287: 1285: 1282: 1280: 1277: 1275: 1272: 1270: 1267: 1266: 1264: 1249: 1246: 1244: 1241: 1239: 1236: 1234: 1231: 1229: 1226: 1224: 1221: 1219: 1216: 1214: 1211: 1209: 1206: 1204: 1201: 1199: 1196: 1193: 1190: 1188: 1185: 1183: 1180: 1178: 1175: 1173: 1170: 1168: 1165: 1163: 1160: 1159: 1156: 1152: 1148: 1147:Largest banks 1143: 1134: 1129: 1127: 1122: 1120: 1115: 1114: 1111: 1099: 1096: 1094: 1091: 1089: 1086: 1084: 1081: 1079: 1076: 1074: 1071: 1069: 1066: 1064: 1061: 1059: 1056: 1054: 1053:Orange Polska 1051: 1049: 1046: 1044: 1041: 1039: 1036: 1034: 1031: 1029: 1026: 1024: 1021: 1019: 1016: 1014: 1011: 1009: 1006: 1004: 1001: 999: 996: 994: 991: 989: 986: 984: 981: 979: 976: 974: 971: 969: 966: 964: 963:Asseco Poland 961: 959: 956: 954: 951: 950: 947: 943: 940:companies of 939: 934: 925: 920: 918: 913: 911: 906: 905: 902: 895: 884: 879: 878:Citi Handlowy 874: 870: 867: 861: 856: 855: 851: 846: 845: 841: 825: 821: 815: 812: 801: 797: 791: 788: 777: 773: 769: 765: 758: 755: 744: 737: 731: 728: 717: 713: 707: 704: 700: 695: 693: 689: 677: 676:finanse.wp.pl 673: 667: 664: 657: 653: 649: 647: 643: 641: 637: 635: 631: 629: 625: 623: 619: 617: 613: 611: 607: 605: 601: 599: 595: 593: 592:Henryk Kisiel 589: 587: 583: 581: 577: 575: 571: 569: 565: 563: 559: 557: 553: 551: 547: 545: 541: 539: 535: 533: 529: 527: 523: 521: 517: 515: 511: 509: 505: 504: 500: 498: 496: 491: 489: 485: 480: 474: 470: 463: 461: 458: 456: 452: 448: 446: 439: 437: 433: 429: 425: 421: 417: 416:New York City 413: 407: 405: 401: 397: 391: 389: 385: 381: 377: 372: 370: 366: 362: 358: 354: 350: 346: 342: 338: 334: 330: 326: 322: 318: 314: 313:St Petersburg 309: 307: 303: 299: 295: 287: 285: 283: 279: 275: 271: 266: 264: 263:privatization 260: 256: 252: 248: 244: 240: 235: 233: 229: 225: 224:Citi Handlowy 221: 218:), rebranded 201: 193: 190: 186: 182: 179: 177: 173: 167:2.41 billion 166: 163: 159: 151: 147: 143: 140: 137: 133: 119: 115: 112: 108: 105: 102: 97: 94: 91: 88: 84: 80: 76: 70: 67:Citi Handlowy 66: 63: 58: 51: 46: 42:Citi Handlowy 39: 34: 19: 894:Banks portal 828:. Retrieved 823: 814: 803:. Retrieved 799: 790: 779:. Retrieved 767: 757: 746:. Retrieved 742: 730: 719:. Retrieved 716:www.banki.pl 715: 706: 680:. Retrieved 675: 666: 650:2012-2021 – 644:2000-2012 – 638:1998-2000 – 632:1996-1998 – 626:1991-1996 – 620:1989-1990 – 614:1986-1988 – 608:1981-1986 – 604:Marian Krzak 602:1978-1980 – 596:1974-1977 – 590:1968-1973 – 584:1967-1968 – 578:1956-1966 – 574:Jakub Prawin 572:1951-1956 – 566:1949-1951 – 560:1947-1948 – 554:1945-1946 – 548:1939-1944 – 542:1932-1939 – 536:1927-1931 – 530:1888-1926 – 524:1881-1887 – 518:1878-1880 – 512:1872-1878 – 506:1870-1871 – 492: 481: 478: 459: 442: 440: 408: 392: 373: 310: 291: 267: 236: 223: 222:in 2003 and 219: 199: 198: 145:Headquarters 86:Company type 1194:Bank Polska 1013:Grupa Azoty 826:(in Polish) 610:Witold Bień 598:Witold Bień 363:(1897) and 361:Częstochowa 294:bourgeoisie 73:Native name 1263:Categories 1208:Millennium 1162:Alior Bank 1018:Grupa Kęty 988:CD Projekt 968:Bank Pekao 953:Alior Bank 842:Literature 830:2023-10-06 805:2023-09-22 781:2023-09-22 748:2023-09-22 721:2023-09-22 682:2023-09-22 658:References 432:Luxembourg 418:, Moscow, 410:branch in 127:1870-04-13 93:subsidiary 62:Trade name 1274:Citigroup 1213:Nest Bank 776:0099-9660 436:Frankfurt 357:Sosnowiec 347:, Guzów, 337:Włocławek 265:in 1997. 101:Traded as 1248:VeloBank 1243:SGB-Bank 1228:Pocztowy 1058:Orlen SA 1008:Eurocash 493:In 2021 420:Belgrade 400:Pekao SA 359:(1895), 329:Szczecin 270:Citibank 181:Citibank 1003:Enea SA 978:Budimex 958:Allegro 490:index. 288:History 207:  188:Website 161:Revenue 135:Founder 125: ( 117:Founded 109::  1223:PKO BP 1151:Poland 1088:Tauron 1078:PZU SA 774:  447:- FOZZ 428:Vienna 412:London 365:Kalisz 349:Lublin 345:Grójec 325:Gdańsk 321:Berlin 317:Moscow 232:Poland 228:Warsaw 202:(BHW, 176:Parent 169:(2014) 155:Poland 150:Warsaw 90:Public 1218:Pekao 1203:mBank 1063:Pepco 1043:mBank 938:WIG30 739:(PDF) 488:WIG20 341:Płock 278:WIG20 183:(75%) 1093:Text 1033:Kruk 998:Dino 772:ISSN 434:and 424:Rome 351:and 333:Łódź 331:and 204:lit. 1182:BPS 1177:BOŚ 1167:BGK 1149:in 1098:XTB 1038:LPP 983:CCC 165:PLN 111:BHW 107:WSE 1265:: 822:. 798:. 770:. 766:. 741:. 714:. 691:^ 674:. 430:, 422:, 406:. 371:. 343:, 339:, 323:, 319:, 315:, 308:. 284:. 230:, 153:, 1132:e 1125:t 1118:v 923:e 916:t 909:v 833:. 808:. 784:. 751:. 724:. 685:. 443:( 216:' 210:' 129:) 20:)

Index

Bank Handlowy w Warszawie


Trade name
Public
subsidiary
Traded as
WSE
BHW
Leopold Stanisław Kronenberg
Warsaw
PLN
Parent
Citibank
http://www.citihandlowy.pl/
Warsaw
Poland
Leopold Stanisław Kronenberg
Second Polish Republic
Danzig Shipyard
Polish People's Republic
nationalization
fall of communism in Poland
privatization
Citibank
Warsaw Stock Exchange
WIG20
Jabłonowski Palace
bourgeoisie
intelligentsia

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