BGK – Bank Gospodarstwa Krajowego

Al. Jerozolimskie 7
00-955 Warszawa
Poland

+48 22 599 8888
0 22 627 03 78
bgk@bgk.pl
http://www.en.bgk.pl

Bank Gospodarstwa Krajowego (BGK) is the State Development Bank of Poland with total assets exceeding 12 billion euro. It was established in 1924 and reactivated during transformation process in 1989 as a bank servicing the public finance sector. Today, the government tasks the Bank with the operation of a number of special purpose funds and programmes (including the National Road Fund, National Housing Fund, Thermomodernisation and Renovation Fund and the Railway Fund).
Currently, BGK actively participates in the implementation of the state’s economic objectives. During the economic slowdown, it provides funding for infrastructure investments and thus supports growth of this sector of the economy. It is an important link in the provision of funding and support for areas that are important for the society, such as housing infrastructure, energy efficiency and public utilities. It supports Polish exporters by taking on part of the risk related to trading activities of Polish companies. In collaboration with other financial institutions, BGK improves access to funding for businesses, which translates into lower unemployment and stronger GDP growth.
BGK manages several special purpose funds and a number of governmental programmes. Its mission is to support social and economic growth of Poland and the public finance sector in the performance of its tasks.

Year of creation
individual entities or association
1924
Type of scheme
guarantee or counter-guarantee
Guarantee, Countergarantee
Product typology
guarantee or counter-guarantee or co-guarantee
Guarantee, counter guarantee
Ownership
i.e. fully mutual, funded by SMEs, banking associations, fully public, fully private, private-public, mixed models
Fully public
Shareholder structure
Private / Public (in %)
100% public
Legal form
of single guarantee entity or association: i.e. fund, development bank, development agency, cooperative or mutual societies, bank, foundation, association, limited company, etc.
State Development Bank
Structure / Network
i.e. central scheme with regional offices, central scheme only, association network
Central scheme with regional offices
Geographic coverage
i.e. local, regional, national
National
Sectorial focus
i.e. agriculture, industry, crafts, retail, liberal professions, cooperatives, etc.
All sectors
Size of businesses supported
i.e. large companies, SMEs, micro-enterprises, independent/self-employed
Large companies, SMEs
Supervision statute
i.e. mono-product banking licenses, financial intermediary statute, non-supervised. For associations, please state statute of members
Based on polish banking law, supervised by Polish Financial Supervision Authority
Profit / Non-profit oriented
dividends to public shareholders are not considered as profit orientation
Non-profit oriented
Do you benefit from a counter-guarantee at local, regional or national level?
Local level or Regional level or National level
EIF
Are you/your members financial intermediary for EU-programmes?
CIP/COSME or Structural funds or Progress or RSI/RSFF Horizon 2020
CIP/COSME
Types of guarantee products provided by your organisation/your membersLoan default guarantees, Working capital loan guarantees, Project guarantees, Export guarantees, Student loan guarantees
Other SME support instruments offered by your organisation/your members
Subsidized loans or Mezzanine financing or Venture capital or Coaching or Mediation services
Subsidized loans, Mezzanine financing, Venture capital
Is the activity subject to state aid regulation?Yes
Do you (your members) use..?
De minimis or GBER or Regional guidelines or Notification
De minimis, Regional guidelines and Notification
Do you (your members) dispose of an internal rating/scoring system?Yes
Do your guarantees provide deponderation (capital relief) for member banks subject to capital requirements (Basel agreement)?Yes
Do you (your members) benefit of a public counter-guarantee that allows deponderation (capital relief)?No

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