Polish National Bank

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Polish National Bank


Poland’s center of note issue, credit, and payment, established in 1945. In accordance with its charter (1959), the bank issues banknotes and regulates the money supply and provides credit to replenish the working capital of state industrial enterprises, trade and transport enterprises, capital construction and communal services enterprises, and cooperative organizations. It also refinances other credit institutions in the country, organizes and controls monetary transactions in the national economy, supervises plan fulfillment with respect to foreign trade, and makes payments and renders accounting services under the state budget.

On Jan. 1, 1970, when the Investment Bank merged with the Polish National Bank, the latter took over the function of granting credit on capital investments in all branches of the national economy except agriculture and forestry, where these functions are performed by the Agricultural Bank. The Polish National Bank in the early 1970’s accounted for 80 percent of total short-term and long-term credits in the national economy. The bank has 17 województwo offices and 427 branches throughout the country. Its main office is in Warsaw. The bank’s balance as of Jan. 1, 1974, amounted to 846,849,000,000 zlotys. More than 90 percent of its assets were loans to the national economy, and 80 percent of its liabilities were deposits to the accounts of socialist enterprises.


References in periodicals archive ?
The eighth Full Forum of the Vienna Initiative assessed key achievements over the past year and proposed an agenda for future cooperation at a meeting hosted by the National Bank of Poland in Warsaw on 18 November on cross-border banking issues affecting Central, Eastern and South Eastern Europe (CESEE).
Szydlo called on the National Bank of Poland to introduce a low-interest credit programme for companies, modelled on the European Central Bank's Long-Term Refinancing Operation, or LTRO.
discussing how the National Bank of Poland could help the government
A signicant contract award was the three-year agreement reached with the National Bank of Poland to supply aRMour brass plated coins.
In September 2013, the National Bank of Poland kept its reference rate unchanged at 2.
30, 2013 /PRNewswire-USNewswire/ -- President of the National Bank of Poland Marek Belka says that Poland's balanced and less risky approach is the secret to the resilience of his country's economy.
European addressees will include Charlie McCreevy, former minister of finance for the Republic of Ireland and Marek Belka, president of the National Bank of Poland.
According to the latest monthly release published by the National Bank of Poland on 22 October 2012, three out of four core inflation measures declined in September.
I think Qatar, with its financial muscle, can make use this investment opportunity," Governor of the National Bank of Poland, Marek Belka told Qatar Tribune in an interview.
Ibrahim bin Abdulaziz Al-Assaf met here today with the Governor of the National Bank of Poland Marek Belka currently on a visit to the Kingdom of Saudi Arabia.
Balcerowicz, you served as Deputy Premier and Minister of Finance in the Government of the Republic of Poland and you were also President of the National Bank of Poland.

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