Jump to content

BNP Paribas Bank Polska

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by JJMC89 bot (talk | contribs) at 01:06, 23 September 2023 (Removed WP:NFCC violation(s). No valid non-free use rationale for this page. See WP:NFC#Implementation. Questions? Ask here.). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

BNP Paribas Bank Polska SA
Company typeSpółka Akcyjna
IndustryFinance and Insurance
Founded2011; 13 years ago (2011)
Headquarters
Warsaw
,
Poland
Key people
Przemysław Gdański CEO
ProductsFinancial services
ParentBNP Paribas
Websitehttps://www.bnpparibas.pl/

BNP Paribas Bank Polska is a Polish bank, originally founded in 1975 as Bank Gospodarki Żywnościowej (BGŻ). It has been owned by BNP Paribas since 2015, and adopted its brand name in 2019.

History

The origins of BGŻ should be associated with the Polish Agricultural Bank, which was established in 1919 in Warsaw (from 1921 – the State Agricultural Bank, from 1948 – the Agricultural Bank).[1] The bank's business was to provide medium and small farms with short-term loans, long-term loans in covered bonds for land purchase and investments. In the same year, the financial headquarters for the existing savings and loan unions called Centralna Kasa Spółek Rolniczych in Warsaw was established.

In 1975, the Central Union of SOP and the state Agricultural Bank were merged, resulting in the establishment of the state-cooperative Bank Gospodarki Żywnościowej. The first shareholders of BGŻ were 1,663 associated cooperative banks, which owned 46% of shares, and the State Treasury – 54% of shares.[2]

Bank BGŻ in Sanok, 2011

An important moment in the bank's history was the year 1994, when it was transformed into a joint-stock company. The Minister of Finance, in consultation with the President of the National Bank of Poland, granted the statute of BGŻ SA and appointed the first management board and supervisory board. In the same year, BGŻ started cooperation with the Agency for Restructuring and Modernization of Agriculture. An agreement was signed on the conditions and procedure for granting subsidies to interest on loans granted from the bank's funds for the implementation of economic projects related to the development of agriculture and food economy, covered by industry or regional programs. The BGŻ Brokerage House was the first brokerage house in Poland to obtain in 1994 the permission of the Securities Commission to provide professional advice on trading in securities.[1]

In 1997, a representative office of BGŻ S.A. was established in Moscow, providing the possibility of providing banking services to bank customers on eastern markets.

In 2001, the bank enriched its offer with the possibility of using the electronic banking system. In 2011, Bank BGŻ launched the BGŻOptima platform, offering savings solutions, which was a branch of BGŻ bank.[3] The BGŻOptima platform was used at the end of the first half of the 2014, about 158 thousand users.[4] The average employment for the bank in 2013 amounted to 5,537.94 full-time jobs.[5]

On September 17, 2012, Rabobank increased its share in the share capital of Bank BGŻ to 98.26%. On September 20, 2012, Rabobank announced that it intends to merge BGŻ with Rabobank Polska. On June 18, 2014, both banks merged by transferring all assets of Rabobank Polska to Bank BGŻ.[6] The legal merger of Bank Gospodarki Żywnościowej and BNP Paribas Bank Polska took place on April 30, 2015 by transferring all the assets of BNP Paribas Bank Polska S.A. to Bank BGŻ S.A. After the merger, the bank operated under the name of Bank BGŻ BNP Paribas S.A.[1][7]

In 2019, the BGŻ brand was finally liquidated and replaced with BNP Paribas Bank Polska.[8]

In 2023 the bank was fined for restricting applications for the credit holidays, a program allowing Polish loan holders to postpone payment installments to help them with the rising cost of living, to a maximum of two months instead of the required eight.[9]

Presidents

References

  1. ^ a b c "Historia | BNP Paribas Bank Polska S.A." BNP (in Polish). Retrieved 2022-03-13.
  2. ^ "Bank Gospodarki Żywnościowej BGŻ - minione 100 lat tradycji" (in Polish). 22 August 2019. Retrieved 2022-03-13.
  3. ^ "BGŻOptima". smart.bankier.pl (in Polish). Retrieved 2023-07-11.
  4. ^ "Sprawozdanie Zarządu z Działalności Grupy Kapitałowej Banku Gospodarki Żywnościowej s.a. w i Połowie 2014 r." (PDF). Archived from the original (PDF) on 3 November 2014. Retrieved 2022-03-13.
  5. ^ "Skonsolidowane Sprawozdanie Finansowe Grupy Kapitałowej Banku Gospodarki Żywnościowej S.A. za rok zakończony dnia 31 grudnia 2013 roku" (PDF). Archived from the original (PDF) on 24 April 2014. Retrieved 2022-03-13.
  6. ^ "Kapitał zakładowy | Bank BGŻ BNP Paribas S.A." 2016-02-18. Archived from the original on 2016-02-18. Retrieved 2022-03-13.
  7. ^ "France's BNP Paribas gets go-ahead for Polish bank merger". Polskie Radio dla Zagranicy. Retrieved 2023-07-11.
  8. ^ Borciuch, Marcin (2018-11-16). "Bank BGŻ BNP Paribas zmieni nazwę. Zrezygnuje z członu "BGŻ"". finanse.wp.pl (in Polish). Retrieved 2022-03-13.
  9. ^ "BNP Paribas i Bank Pocztowy z karami od UOKiK. Chodzi o wakacje kredytowe". www.money.pl (in Polish). 2023-01-18. Retrieved 2023-07-11.
  10. ^ a b "Frederic Amoudru nowym prezesem Fortis Banku Polska". forsal.pl (in Polish). 2010-06-18. Retrieved 2022-11-17.
  11. ^ "Zmiany w zarządzie Fortis Banku". Expander (in Polish). 2007-12-06. Retrieved 2022-11-17.
  12. ^ "Józef Wancer | BNP Paribas". 2022-09-14. Archived from the original on 2022-09-14. Retrieved 2022-11-17.
  13. ^ Agata Mówińska (2015-08-28). "Nowy prezes BGŻ BNP Paribas". Wiadomości Rolnicze Polska (in Polish). Retrieved 2022-11-17.
  14. ^ "Jest nowy prezes BGŻ BNP Paribas". Rzeczpospolita (in Polish). Retrieved 2022-11-17.
Retrieved from "https://en.wikipedia.org/w/index.php?title=BNP_Paribas_Bank_Polska&oldid=1176637405"