Polish National Bank

Also found in: Financial, Wikipedia.

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 contract is for the provision of 24 months of cleaning services inside and outside the facility Regional Branch of the Polish National Bank in Bialystok.
Grybauskaite and Mccreevy meet Leszek Balcerowicz, president of the Polish National Bank.
In the case of bid bond in cash to be made to the bank account of the Faculty of Finance and Budget of the Regional Office Podlaski Polish National Bank Regional Branch in Bialystok, No.
As a security for the due performance of the contract the Contractor at the latest on the contract pays the bank account of the Purchaser Polish National Bank Warsaw Regional Branch Account No.
PLN) must be paid to the account of the State Labour Inspection Chief Labour Inspectorate, based in Warsaw at 28/30 Barska Street located in the Polish National Bank Regional Branch in Warsaw, account number 16101010100083541391200000.
The contract is to provide modification and expansion of the Integrated Monitoring System (ZSM), the Polish National Bank.
In the case of foreign Contractors Purchaser shall convert foreign currency into PLN based on the average exchange rate of the zloty against foreign currencies specified in Table A medium exchange foreign currencies Polish National Bank on the day of placing a contract notice in the Official Journal of the European Union.
Contract notice: Successive office supplies and other products related to the conduct of the office for the polish national bank.
Contract notice: Provision of cleaning services and order inside and outside the buildings regional branches of the polish national bank.
Contract notice: Provision of services of group life insurance for employees of the polish national bank and members of their families.