National Bank of Poland

Narodowy Bank Polski (National Bank of Poland, NBP) is the central bank of Poland. It controls the issuing of Poland's currency, the złoty. The Bank is headquartered in Warsaw, and has branches in 16 major Polish towns. The NBP represents Poland in the European System of Central Banks, an EU organization.

History

Although the bank has existed under its current name since 1945,^[1] it is a continuation of two previous central banks of Poland, both named simply Bank of Poland (Bank Polski). The first one was founded in Warsaw in 1828 by Prince Franciszek Ksawery Drucki-Lubecki. An institution of the government of the Kingdom of Poland, it was entitled with issuance of the Polish currency as well as control over the credit rates. It was also entitled with a concession to operate foreign currencies and buy off credits issued by foreign companies and banks.

During the Second World War the gold reserves of Poland were transferred to Great Britain and Canada. After the war, a bill for over 68 million pounds sterling, covering the equipment and operating costs of the Polish Air Force in Great Britain, was paid from the Polish gold reserves deposited in Canada . In 1946 the very small part of prewar gold reserves were returned to Poland's new communist authorities, while the former Bank of Poland itself was closed down and finally in 1952 absorbed by the newly created Narodowy Bank Polski.

The latter was one of two banks allowed to operate in Poland's postwar planned economy. It had a monopoly for currency, credits and cumulation of savings. The other bank, PKO Bank Polski, was responsible for private accounts. After the fall of the communist system in 1989, the market economy was reintroduced and the NBP limited its functions to currency control and supervision of other, privately controlled banks.

Structure

The structure and functioning of the Narodowy Bank Polski are regulated by article 227 of the Constitution of Poland of 1997 and the Narodowy Bank Polski Act of the same year.^[2] The President of the NBP is appointed by the Sejm, at the request of the President of the Republic of Poland, for a term of six years. The NBP President is responsible for the organisation and functioning of the Polish's central bank. The same person cannot serve as President of the NBP for more than two terms of office. Apart from his function as the superior of the NBP staff, he is also the chairman of the Monetary Policy Council, the NBP Management Board and the Commission for Banking Supervision. He is also responsible for representing Poland in international banking and financial institutions.

prof. Adam Glapinski in 2015, the current President of the NBP

List of Presidents of the NBP

• Edward Drożniak (1945–1949)
• Witold Trąmpczyński (1950–1956)
• Edward Drożniak (1956–1961)
• Adam Żebrowski (1961–1965)
• Stanisław Majewski (1965–1968)
• Leonard Siemiątkowski (1968–1972)
• Witold Bień (1973–1980)
• Stanisław Majewski (1981–1985)
• (acting) Zdzisław Pakuła (1985)
• Władysław Baka (1985–1988)
• Zdzisław Pakuła (1988–1989)
• Władysław Baka (1989–1991)
• Grzegorz Wójtowicz (1991)
• (acting) Andrzej Topiński (1991–1992)
• Hanna Gronkiewicz-Waltz (1992–2001)
• Leszek Balcerowicz (2001–2007)
• Sławomir Skrzypek (2007–2010)
• (acting) Piotr Wiesiołek (2010)
• Marek Belka (2010-2016)
• Adam Glapiński (Since 2016)

Buildings

• 
  Warsaw
• 
  Siedlce
• 
  Wrocław
• 
  Wrocław

See also

• Polish złoty
• Economy of Poland
• Monetary Policy Council

References

External links

• Narodowy Bank Polski official site

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Members of Euro Banking Association
Austria	Allgemeine Sparkasse Oberosterreich Bank für Tirol und Vorarlberg AG BKS Bank AG Erste Group Bank AG Oberbank AG Oesterreichische Nationalbank Raiffeisen Zentralbank Österreich AG Raiffeisenlandesbank Oberösterreich AG Raiffeisen-Landesbank Tirol AG Steiermärkische Bank und Sparkassen AG
Belgium	Dexia Bank NV KBC Bank NV Bank van De Post
Cyprus	Bank of Cyprus Hellenic Bank
Denmark	Amagerbanken A/S Arbejdernes Landsbank A/S Danske Andelskassers Bank A/S Danske Bank A/S DiBa Bank A/S Djurslands Bank A/S Jyske Bank A/S Nordjyske Bank A/S Nørresundby Bank Østjydsk Bank A/S Ringkøbing Landbobank Roskilde Bank A/S Skjern Bank Spar Nord Bank Sparekassen Sjælland Sydbank A/S Vestfyns Bank A/S Vestjysk Bank
Finland	Aktia Bank PLC Bank of Åland PLC Pohjola Bank PLC S-Bank LTD. Tapiola Bank LTD
France	Banque Michel Inchauspé - BAMI Banque Palatine BNP Paribas SA BPCE BRED Banque Populaire Crédit Agricole SA Crédit Coopératif Crédit du Nord Crédit Mutuel Arkéa Credit Mutuel CIC Banque HSBC France La Banque postale Natixis Société Générale
Germany	Berenberg Bank BHF Bank Bremer Landesbank Commerzbank AG Deutsche Bank AG Deutsche Bundesbank Deutsche Postbank DZ Bank AG Europe Arab Bank Frankfurt Hamburger Sparkasse AG J.P. Morgan Chase Bank AG Landesbank Baden-Württemberg Landesbank Berlin Holding Landesbank Hessen-Thüringen Oldenburgische Landesbank SECB Swiss EURO CLEARING Bank GmbH The Bank of New York Mellon, Frankfurt Branch VTB Bank (Deutschland) AG
Greece	Alpha Bank SA Eurobank Ergasias SA National Bank of Greece SA Piraeus Bank SA
Hungary	Magyar Nemzeti Bank OTP Bank FHB Mortgage Bank Merkantil Bank Kereskedelmi és Hitelbank Magyar Takarékszövetkezeti Bank MKB Bank Porsche Bank Hungaria Kinizsi Bank MagNet Bank Hanwha Bank Budapest Hitel- és Fejlesztési Bank
Ireland	Allied Irish Banks Bank of Ireland
Italy	Banca Agricola Popolare di Ragusa Banca del Fucino Banca del Piemonte Banca delle Marche Banca di Imola Banca Monte dei Paschi di Siena Banca Nazionale del Lavoro Banca Popolare del Lazio Banca Popolare dell'Emilia Romagna Banca Popolare di Milano Banca Popolare di Sondrio Banca Popolare di Vicenza Banca Sella Banca Tercas Banco Popolare Cassa di Risparmio della Provincia di Chieti Cassa di Risparmio di Cesena Cassa di Risparmio di Fermo Nuova Cassa di Risparmio di Ferrara Cassa di Risparmio di Loreto Cassa di Risparmio di Ravenna Credito Emiliano Credito Valtellinese ICCREA Banca Intesa Sanpaolo Istituto Centrale delle Banche Popolari Italiane Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige Südtiroler Volksbank – Banca Popolare dell'Alto Adige UBI Banca UniCredit Veneto Banca
Luxembourg	Banque et Caisse d'Épargne de l'État Banque Raiffeisen Banque Internationale à Luxembourg SA KBL European Private Bankers Société Générale Bank & Trust
Netherlands	ABN Amro Bank NV De Nederlandsche Bank ING Bank NV Rabobank Nederland
Poland	Bank BPH SA Narodowy Bank Polski
Portugal	Banco BPI SA Banco Comercial Português Crédito Agrícola Caixa Geral de Depósitos Novo Banco
Slovenia	Banka Slovenije
Spain	Banco Bilbao Vizcaya Argentaria, S.A. Banco Popular Español, S.A. Banco Sabadell, S.A. Bankinter, S.A. Banco Santander, S.A. CaixaBank, S.A. (La Caixa) Catalunya Banc, S.A. (CatalunyaCaixa) Kutxabank, S.A. ABANCA Corporación Bancaria, S.A. (Abanca) Caja Laboral Popular, Cooperativa de Crédito (Caja Laboral) Banco Cooperativo Español, S.A. (Caja Rural) CECABANK, S.A.
Sweden	Skandinaviska Enskilda Banken Svenska Handelsbanken Swedbank AB Nordea Bank AB
United Kingdom	Bank of Tokyo-Mitsubishi UFJ Ltd. Barclays Bank PLC Citibank NA DNB Bank (NOR) HSBC Bank PLC JPMorgan Chase Bank, N.A., London Branch Kookmin Bank International Ltd. Lloyds Bank PLC MashreqBank psc (UAE) Royal Bank of Scotland PLC UBS AG Wells Fargo Bank NA
Non-EU	Bank of China (CHN)

Coordinates: 52°14′11″N 21°00′53″E / 52.23639°N 21.01472°E / 52.23639; 21.01472