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The club » Members » Bank Gospodarstwa Krajowego

Bank Gospodarstwa Krajowego

Bank Gospodarstwa Krajowego (BGK) is Poland’s state development bank. BGK’s status is defined by the special Law of 17 March 2003, and by the Banking Law of 23 August, 2001 as a banking enterprise specialized in servicing the public finance sector.

BGK was established in 1924 during the monetary reforms of Władysław Grabski. The primary business objective of BGK is to provide banking services for the public finance sector, in particular through the support of the government’s economic and social programs as well as local government investments and regional development projects implemented with the use of public funds, including those of the European Union.

BGK’s mission is to support government economic programs, mainly in the following sectors/areas :

  • Infrastructure (local, social, transport, energy, utilities)
  • Exports
  • Entrepreneurship and innovation
  • Financing projects based on EU funds and financial engineering instruments.

BGK provides efficient economic and operational support to the implementation of socio-economic programs of the State and regional development programs of local governments. Currently BGK takes part in the implementation of 20 government programs.

The Bank is also involved in its own activity, which mainly consists of the provision of banking services to local government units and to a group of strategic enterprises.

Apart from carrying out activities commissioned by the state, BGK is engaged in institutional banking activities.

The offer for companies covers bank cards, account services, settlement services, deposits, credits and loans, liabilities redemption, export financing, security pledges and guarantees, discount products, transactions on the monetary and foreign currency market, issue-investment services, as well as electronic banking.

BGK has a rich experience in client service from the public finance sector spectrum, which possesses the ability to use BGK accounts, bank card servicing, opening deposit accounts, communal bonds issues, as well as using other issue-investment services.

At a glance
CEO : Dariusz Daniluk
Sherpa : Mariusz Grab
Location : Warsaw
Global Assets (2010) : €9bn
Website : www.bgk.com.pl