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.
| 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 members | Loan default guarantees, Working capital loan guarantees, Project guarantees, Export guarantees, Student loan guarantees |
| Do you benefit from a counter-guarantee at local, regional or national level? Local level or Regional level or National level | EIF |
| Type of scheme guarantee or counter-guarantee | Guarantee, Countergarantee |
| 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) benefit of a public counter-guarantee that allows deponderation (capital relief)? | No |
| Type of organization National Promotional Bank (NPB), National Promotional Institution (NPI), Private, Mutual, Mixed | NPB |
| Do your guarantees provide deponderation (capital relief) for member banks subject to capital requirements (Basel agreement)? | Yes |
| Do you (your members) dispose of an internal rating/scoring system? | Yes |
| Do you (your members) use..? De minimis or GBER or Regional guidelines or Notification | De minimis, Regional guidelines and Notification |
| 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 |
| Shareholder structure Private / Public (in %) | 100% public |
| Ownership i.e. fully mutual, funded by SMEs, banking associations, fully public, fully private, private-public, mixed models | Fully public |
| Product typology guarantee or counter-guarantee or co-guarantee | Guarantee, counter guarantee |
| 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 |
| Profit / Non-profit oriented dividends to public shareholders are not considered as profit orientation | Non-profit oriented |
| 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 |
| Size of businesses supported i.e. large companies, SMEs, micro-enterprises, independent/self-employed | Large companies, SMEs |
| Sectorial focus i.e. agriculture, industry, crafts, retail, liberal professions, cooperatives, etc. | All sectors |
| Year of creation individual entities or association | 1924 |
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