Bank Handlowy w Warszawie SA was established in 1870. It is the oldest continuously operating commercial bank in Poland. It has survived two world wars without seizing its operations and has become the main Polish correspondent bank for foreign banks. The large scale of its operations, enabled the bank to build up an impressive network of correspondent banks, open a branch in London, a foreign representative offices in New York, Moscow, Belgrade, Rome, Berlin and Kiev, as well as affiliations in Vienna, Luxembourg and Frankfurt.
In 1989 Bank Handlowy lost its monopoly in clearing with foreign countries but it obtained a greater freedom of operation within the full spectrum of banking services.In 1997 Handlowy came back to the Warsaw Stock Exchange. In 2000, Management Boards of Bank Handlowy w Warszawie SA and Citibank (Poland) S.A. signed an agreement to merger that took effect on the 1st of March 2001.
Bank Handlowy w Warszawie SA is the leading financial institution in Poland. It offers comprehensive and up to date services for the corporate and individual customers. 18,000 companies including the largest Polish companies quoted on the Stock Exchange have their accounts in Bank Handlowy. Since 1998, the Bank is providing retail services. Currently the Bank maintains more than 700,000 individual accounts. It has an unquestionable market position mainly due to 130 years of service and effort to meet the needs of Polish customers.
Bank Handlowy’s key assets include:
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well-developed local and global network
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world-class products, services and solutions
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international expertise
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strong balance sheet position
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innovative technology
Bank Handlowy w Warszawie SA merged with Citibank (Poland) SA in 2000 creating a strong and stable institution, which continuously develops and widens its offer to meet the market's growing expectations. Currently, Bank Handlowy SA, as a member of the largest worldwide financial institution is able to offer a wide range of products to all segments of corporate, investment and retail banking markets that give access to the global network of Citigroup in more than 100 countries.
