The transformation of Polish banks after 1989
a financial history lecture
Polish banking system has undergone a series of transformative phases since 1989 – the year when communism ended. From the establishment of first commercial banks, through the period of turmoil and dynamic changes, up to the modern era of top-notch technological innovations – the history of Polish banks is an intriguing journey. It is also an important historical narrative which offers deeper understanding of Eastern Europe’s financial environment. The webinar has a form of a lecture accompanied by the presentation of archival material, photographs, and historical data.
- The first changes: ‘The Big Bang’: separation of commercial banks from the central bank
- Banking in a centrally planned economy vs banking in a capitalist state: a comparative analysis
- The 1990s: The banking system and capital markets take shape during turbulent times
- The establishment of KIR (Polish clearing house) and the SYBIR system (System of Bank Clearing Houses).
- The new role and tasks of the central bank
- Tasks and functions of the BGK (Bank Gospodarstwa Krajowego), the only Polish state development bank
- Banking supervision and development of the two-tier banking system
- 2000-2010: Further transformation of the banking system
- Banking in Poland after 2010: innovation and development of alternative payment systems
- Banking in Poland today: Directions of development