The National Economy Bank of Poland held a seminar on its opportunities to support Polish exports

The National Economy Bank of Poland (Bank Gospodarstwa Krajowego) invited entrepreneurs interested in the possibility of state support in the development of economic activities, especially those engaged in export-oriented activities, to a seminar organized by the National Economy Bank, the Warsaw Chamber of Commerce and Industry (Warszawska Izba Gospodarcza) and the Forum of Mazovia Voivodship Chambers of Commerce and Industry .

 

Polish entrepreneurs are increasingly venturing into foreign markets, offering competitive products for both price and quality. Nevertheless, they often face difficulties related to the uncertainty of the situation in foreign markets, political instability or the lack of opportunity to verify the business partner.These problems are faced first of all by exporters operating in the emerging markets of Eastern Europe, Africa, South America and Asia. Nevertheless, these areas are very attractive for Polish business. According to analysts’ forecasts, the dynamic economic growth of Asian and African countries will lead to an increase in the importance of these regions on the economic map of the world in the near future. The presence of Polish companies in these markets will contribute to higher additional profits and a positive impact on Poland’s economic development.From debt financing to equityAssistance in overcoming these barriers is offered by Bank of the National Economy as a state development bank, and often takes on risks that commercial banks do not want to take. At the same time, the Bank of the National Economy offers favorable conditions for exporters. Bank of the National Economy activities are part of the responsible development strategy, which aims to promote Polish firms in foreign markets. Continuous development of new initiatives of the Bank of the National Economy allows offering a wide range of banking products to support Polish foreign enterprises – from debt financing to capitalization.

The assortment of bank products of Bank of the National Economy is very wide. The Bank is ready to analyze each export transaction separately, in order to offer the solutions most adapted to the needs.

Additional information:

Bank of the National Economy (Bank Gospodarstwa Krajowego (BGK) – Polish national development bank with head-quarters 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.

Leave a Reply

Your email address will not be published. Required fields are marked *