BGK meaning in Banking ?

Answer: What is Bank Gospodarstwa Krajowego mean?

Bank Gospodarstwa Krajowego (BGK) is a Polish national development bank with headquarters in Warsaw, is a state-owned bank in Poland, operating under a dedicated bill of law. Its main tasks are: support and servicing of export transactions, issuing governmental guarantees, and support of housing.

Founded in 1924 under an initiative of Minister of Treasury Władysław Grabski, its first president was a former Minister of Treasury, Jan Kanty Steczkowski. The bank was involved in Polish international trade, funding of numerous companies and of Polish Central Industrial Region.

After the World War II its activity was gradually phased-out, reactivated starting in 1989.

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