Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna or PKO Bank Polski S.A. (lit. 'General Savings Bank – Bank of Poland'), in short PKO BP or simply PKO, is a multinational banking and financial services company headquartered in Warsaw, Poland. It is one of the largest financial institutions in Poland and in Central and Eastern Europe.[9][10]
PKO BP provides services to both individual and business clients, with a core business in Polish retail banking. As of 2018, it had 1,145 branches located in Poland and abroad and a market capitalization of 52 billion Polish złoty, equivalent to 13.8 billion US dollar.
History
On 7 February 1919, by the order of the Head of State Józef Piłsudski, the Postal Savings Bank was created. Its first director was appointed on 28 December 1919, Hubert Linde. For many years during the Second Polish Republic, Henryk Gruber was the president of the PKO. With time, a bank's head office was established in Warsaw with headquarters at ul. Świętokrzyska 31/33 and the first local branches: in Kraków, Lwów, Łódź,