Bank Handlowy
| Bank Handlowy | |
|---|---|
|
|
| Country |
 Poland
|
| Seat | Warsaw |
| legal form | Spółka Akcyjna |
| ISIN | PLBH00000012 |
| BIC | CITIPLPXXXX |
| Website | http://www.citibank.pl/ |
| Business data 2019 | |
| Total assets | 52.0 billion zlotys (11.8 billion euros ) |
| insoles | 39.8 billion zlotys (9 billion euros ) |
| Customer credit | 23.7 billion zlotys (5.4 billion euros ) |
| Employee | 3,071 |
| Offices | 21st |
| management | |
| Board | Sławomir Sikora ( Chairman ) Natalia Bożek Maciej Kropidłowski David Mouillé Barbara Sobala James Foley Katarzyna Majewska |
| Supervisory board | Andrzej Olechowski ( Chairman ) Frank Mannion Shirish Apte Igor Chalupec Jenny Gray Marek Kapuściński Gonzalo Luchetti Anna Rulkiewicz Barbara Smalska Stanisław Sołtysiński Zdenek Turek Stephen Volk |
Bank Handlowy ( Bank Handlowy w Warszawie SA ) is a majority of the American Citigroup owned, publicly listed Polish commercial bank based in Warsaw . It offers its products and services under the Citibank Handlowy brand .
Business areas
The bank operates in two segments: corporate and investment banking and private banking. The bank's offering includes cash management , trading services, treasury services, corporate finance, debt securities, syndicated loans, structured trade finance, securitization services, asset management services, advisory services for management buyouts and acquisitions, custodian services and brokerage. In addition, the bank is active in the area of vendor leasing and other leasing activities through its subsidiaries . She manages pension funds, provides insurance and manages securities portfolios.
history
During the existence of the Polish Kingdom
The bank was founded in 1870 by a group of middle-class financiers and landowners. The initiator was the financier Leopold Stanisław Kronenberg (1812–1878). The first president of the bank was Józef Zamoyski.
Until 1872 the bank had branches and offices in St. Petersburg , Moscow , Berlin , Danzig (Commerzbank in Warsaw), Stettin and Łódź, as well as representative offices in Włocławek , Płock , Grójec, Guzów , Lublin and Rawa Mazowiecka . In the following years branches were opened in other cities, including Sosnowiec (1895), Częstochowa (1897) and Kalisz (1898). In the early years of the 20th century, the bank was the largest private bank on Polish soil and one of the few financial service providers for trade with Russia and Western Europe. At that time, the bank's turnover was about 2 billion rubles , which was more than the sum of the then budget of the Russian Empire.
The bank made a significant contribution to the construction of the railway network and large industrial facilities in the Kingdom of Poland.
At the time of the second Polish republic
In the 1920s and 1930s, the bank represented the assets of the Polish government in numerous international companies, particularly the Gdańsk Shipyard. The bank did not cease its activities during the two world wars, but restricted it. During the Second World War , the branches of the bank in the areas annexed by Germany were liquidated, while the locations in the Generalgouvernement operated under the strict control of the occupation authorities.
After the Second World War
The bank, which was reactivated in 1945, was initially aimed at private industrial and trading companies and some cooperatives . As one of the three banks that escaped formal nationalization after the war, it was controlled by a government commissioner and the state bought a significant number of shares. During the existence of the People's Republic of Poland , it was (alongside Bank Pekao SA ) one of only two banks that were run as a joint stock company .
After 1945 the bank was the most important Polish foreign trade bank and in 1964 received the official monopoly for Polish foreign trade transactions. This resulted in the establishment of the largest Polish network of correspondent banks at the time, the opening of a branch in London and foreign representative offices in New York City , Moscow, Belgrade , Rome , Berlin, Vienna , Luxembourg and Frankfurt am Main . After 1989, the bank lost its privileged position in foreign trade and gradually turned into a commercial bank, which opened a number of branches across Poland.
At the time of the Third Polish Republic
During the political change, the bank (especially a bank branch in Luxembourg) had played a significant role in the scandal of the Foreign Debt Fund (pl. Fundusz Obsługi Zadłużenia Zagranicznego - FOZZ); The bulk of the FOZZ's foreign exchange transactions were handled by Bank Handlowy. An inspection of the bank's business by Najwyższa Izba Kontroli in 1991–1992 revealed numerous irregularities. The report shows that during the period analyzed, foreign exchange operations were carried out to the detriment of the Polish economy, with losses estimated at between $ 5 billion and $ 10 billion.
In 1997 the bank was privatized. Bank Handlowy shares have been listed on the Warsaw Stock Exchange since June 1997 ; it was temporarily included in their leading index WIG 20 .
In 2001 Bank Handlowy merged with Citibank (Poland) SA.
Share and shareholder structure
The capital of the company is 522,638,400 PLN and is divided into 130,659,600 bearer of the series A to C at a nominal value of 4.00 per PLN.
| shareholder | Number of shares held | Share in the share capital | Share of voting rights |
|---|---|---|---|
| Citibank Overseas Investment Corporation | 97,994,700 | 75.0% | 75.0% |
| Free float | 32,664,900 | 25.0% | 25.0% |
The Citibank Overseas Investment Corporation is a wholly owned subsidiary of US-based Citibank, NA , which on Citicorp to Citigroup belongs.
Individual evidence
- ↑ Entry in the BIC directory at SWIFT
- ↑ a b c d e f RAPORT ROCZNY 2019 GRUPY KAPITAŁOWEJ BANKU HANDLOWEGO W WARSZAWIE SA (ZIP / PDF; 8.5 MB) March 25, 2020, accessed on August 6, 2020 (Polish).
- ↑ a b c d SPRAWOZDANIE Z DZIAŁALNOŚCI BANKU HANDLOWEGO W WARSZAWIE SA ORAZ GRUPY KAPITAŁOWEJ BANKU HANDLOWEGO W WARSZAWIE SA W 2019 ROKU. (ZIP / PDF; 8.5 MB) March 25, 2020, accessed on August 6, 2020 (Polish).
- ↑ http://www.citibank.pl/poland/homepage/polish/reports1/files/2019_skons_roczny_pl.zip
- ↑ Bank Handlowy w Warszawie SA - BHW.WA. www.reuters.com, accessed on August 6, 2020 (English).
- ↑ history. www.citibank.pl, accessed on August 6, 2020 .