Bank Handlowy (BHW) or Citi Handlowy is a Polish bank situated in Warsaw, set up in 1870. It is one of the most seasoned banks in Poland and Europe. It is the tenth biggest bank in Poland as far as resources, and eighteenth as far as number of outlets.

It is as of now working under the brand name Citi (once Citibank) and is claimed by Citigroup. Its present home office is in the Jabłonowski Palace.

History

It was established in 1870 by a gathering of bourgeoisie lenders, landowners and intelligencia. The initiator was the agent Leopold Stanisław Kronenberg (1812-1878). The primary leader of the bank was Jozef Zamoyski.

Progression

The bank made a huge commitment to the development of the railroad system and major mechanical plants in the Polish Kingdom. In the 1930s the bank spoke to the Polish government's advantages in various global organizations, strikingly the Danzig Shipyard. The bank did not stop its exercises amid the two world wars, it just restricted action. Amid World War II, the bank's offices in the zones added by Germany were sold, while those in the General Government worked under the strict control of the occupation specialists.

The Current Bank

In 2001 Bank Handlowy converged with Citibank (Poland) SA. As of now, the biggest shareholder is Citibank, NA (since 14 August 2007, they have 75% of the shares and 75% of votes at the AGM).

Since June 1997, Bank Handlowy has been recorded on the Warsaw Stock Exchange, and is recorded on the WIG20 list.

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Contact:

Bank Handlowy
W Warszawie
S.A.
ul. Senatorska 16
00-923 Warszawa
Tel. 22 657 72 00
Fax 22 692 50 23
E-mail: listybh@citi.com