National Development Bank (Poland)

National Development Bank
Company typePublic bank
IndustryFinancial services
Founded1924; 100 years ago (1924)
HeadquartersAleje Jerozolimskie 7
Warsaw, Poland
Key people
Beata Daszyńska-Muzyczka (CEO)
Paweł Borys (chairman)[1]
ProductsExport, investment, housing support
PLN 369.9 million (2020)[2]
PLN 315.7 million (2020)[2]
Total assetsPLN 160,301.2 million (end 2020)[2]
Total equityPLN 23,874.0 million (end 2020)[2]
Number of employees
1 859 (FTE, end 2020)
Capital ratio33.06% (end 2020)[2]
Websiteen.bgk.pl

The National Development Bank (Polish: Bank Gospodarstwa Krajowego, BGK) is a Polish national development bank with headquarters in Warsaw, is a state-owned bank in Poland, operating under a dedicated bill of law.[3] Its main tasks are: support and servicing of export transactions, issuing governmental guarantees, and support of housing.[3]

Founded in 1924 under an initiative of Minister of Treasury Władysław Grabski, its first president was a former Minister of Treasury, Jan Kanty Steczkowski. The bank was involved in Polish international trade, funding of numerous companies and of Polish Central Industrial Region.

After the World War II its activity was gradually phased-out, until it was reactivated in 1989.

  1. ^ "Our bank: Governance". en.bgk.pl. Archived from the original on 19 March 2017. Retrieved 19 March 2017.
  2. ^ a b c d e "Annual Report 2020" (PDF). Bank Gospodarstwa Krajowego. Retrieved 15 April 2021.
  3. ^ a b "Ustawa o Banku Gospodarstwa Krajowego" (PDF). Internetowy System Aktów Prawnych. 16 December 2016. Retrieved 19 March 2017.