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 ?
7%, slightly above the upper limit of deviation from the inflation target set by the National Bank of Poland, followed in September by a slowed rythm of 3.
Currently, he works at the National Bank of Poland, where he conducts research on middle income traps.
The National Bank of Poland computes the four core inflation indices on a monthly basis, which helps understand the nature of inflation developments in Poland.
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.
The important role in creating innovations in financial sector is played by the cooperation with other entities, for example enterprises- suppliers of technologies or institutions as Polish Chamber of Accounting, National Bank of Poland, Polish Banks Association and SWIFT.
Under the new regime, market makers and other liquidity providers will be able to short sell the 140 most liquid stocks on the WSE as well as treasury bonds issued by the National Bank of Poland, but market participants will be restricted to a smaller list of securities when trading on behalf of clients or on a proprietary basis.
The support rating reflects the strong likelihood of financial support from Pekao's parent, together with official financial support, which the National Bank of Poland is very likely to provide to the second largest bank in the Polish banking system.
Source: National Bank of Poland, as reported by Lukasz Wilkowicz in Rzeczpospolita, 13 November 2009.
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.
The genesis of Poland's anti-money laundering (AML) regime was November 1, 1992, when the President of the National Bank of Poland issued an order instructing banks how to deal with money entering the financial system through illegal sources.

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