Bank Handlowy
The historic headquarters of Bank Handlowy from 1874, in ulica Traugutta in Warsaw
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| Citi Handlowy | |
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Native name
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Bank Handlowy w Warszawie S.A. |
| Traded as | : BHW |
| Founded | 1870 |
| Headquarters | Warsaw, Poland |
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Key people
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Andrzej Olechowski (CEO) |
| Revenue | PLN 2.41 billion (2014) |
| Website | http://www.citibank.pl/ |
Bank Handlowy (BHW) or Citi Handlowy is a Polish bank based in Warsaw, established in 1870. It is one of the oldest banks in Poland and Europe. It is the 10th largest bank in Poland in terms of assets, and 18th in terms of number of outlets.
It is currently operating under the brand name Citi (formerly Citibank) and is owned by Citigroup. Its current headquarters is in the Jabłonowski Palace.
It was founded in 1870 by a group of bourgeoisie financiers, landowners and intelligencia. The initiator was the financier Leopold Stanisław Kronenberg (1812-1878). The first president of the bank was Jozef Zamoyski.
By 1872, the bank had branches and offices in St Petersburg, Moscow, Berlin, Gdańsk (Commerzbank in Warschau), Szczecin and Łódź, and representative offices in Włocławek, Płock, Grójec, Guzów, Lublin and Rawa Mazowiecka. In subsequent years, it opened branches in other cities, including Sosnowiec (1895), (1897) and Kalisz (1898). In the early years of the twentieth century the bank was the largest private bank in Polish lands and one of the few leading financial services to trade with Russia and Western Europe. During this period, the bank's turnover fluctuated at the level of 2 billion rubles, which was greater 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 major industrial plants in the Polish Kingdom. In the 1920s and 1930s the bank represented the Polish government's assets in numerous international companies, notably the Danzig Shipyard. The bank did not stop its activities during the two world wars, it only limited activity. During World War II, the bank's branches in the areas annexed by Germany were liquidated, while those in the General Government operated under the strict control of the occupation authorities.
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Wikipedia