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PKO BP
Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (also known as ''PKO Bank Polski S.A.'', ''PKO BP S.A.'') is Poland's largest bank founded in 1919. It provides services to individual and business clients. The core business activity of PKO Bank Polski is retail banking. The full Polish name roughly translates to "General Savings Bank". Popularly, only the acronym "PKO" is used by clients. With 1,145 branches located in Poland and abroad and a market capitalization of PLN 52 billion ( EUR 12.6 billion equivalent) as of 2018, PKO BP Group is among the largest financial institutions in Poland and is also one of the largest financial groups in Central and Eastern Europe. History On February 7, 1919, by the order of the Head of State Józef Piłsudski, the Postal Savings Bank was created. Its first director was appointed on December 28, 1919, Hubert Linde. For many years during the Second Polish Republic, Henryk Gruber was the president of the PKO. With time, a bank's he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poland
Poland, officially the Republic of Poland, is a country in Central Europe. It is divided into 16 administrative provinces called voivodeships, covering an area of . Poland has a population of over 38 million and is the fifth-most populous member state of the European Union. Warsaw is the nation's capital and largest metropolis. Other major cities include Kraków, Wrocław, Łódź, Poznań, Gdańsk, and Szczecin. Poland has a temperate transitional climate and its territory traverses the Central European Plain, extending from Baltic Sea in the north to Sudeten and Carpathian Mountains in the south. The longest Polish river is the Vistula, and Poland's highest point is Mount Rysy, situated in the Tatra mountain range of the Carpathians. The country is bordered by Lithuania and Russia to the northeast, Belarus and Ukraine to the east, Slovakia and the Czech Republic to the south, and Germany to the west. It also shares maritime boundaries with Denmark a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Occupation Of Poland (1939–1945)
The occupation of Poland by Nazi Germany and the Soviet Union during World War II (1939–1945) began with the German-Soviet invasion of Poland in September 1939, and it was formally concluded with the End of World War II in Europe, defeat of Germany by the Allies in May 1945. Throughout the entire course of the occupation, the territory of Poland was divided between Nazi Germany and the Soviet Union (USSR) both of which intended to eradicate Poland's culture and subjugate its people. In the summer-autumn of 1941, the Territories of Poland annexed by the Soviet Union, lands which were annexed by the Soviets were overrun by Germany in the course of the initially successful Operation Barbarossa, German attack on the USSR. After a few years of fighting, the Red Army drove the Wehrmacht, German forces out of the USSR and crossed into Poland from the rest of Central and Eastern Europe. Sociologist Tadeusz Piotrowski (sociologist), Tadeusz Piotrowski argues that both occupying power ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Papiermark
The Papiermark (; 'paper mark', officially just ''Mark'', sign: ℳ) was the German currency from 4 August 1914 when the link between the Goldmark and gold was abandoned, due to the outbreak of World War I. In particular, the Papiermark was the currency issued during the hyperinflation in Germany of 1922 and 1923. History From 1914, the value of the mark fell. The rate of inflation rose following the end of World War I and reached its highest point in October 1923. The currency stabilized in November 1923 after the announcement of the creation of the Rentenmark, although the Rentenmark did not come into circulation until 1924. When it did, it replaced the Papiermark at the rate of 1 trillion (1012)-ℳ to RM1. On 30 August 1924 the Rentenmark was replaced by the Reichsmark. In addition to the issues of the government, emergency issues of both tokens and paper money, known as ''Kriegsgeld'' (war money) and ''Notgeld'' (emergency money), were produced by local authoritie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Polish Mark
The mark ( pl, marka polska, abbreviated ''Mp'', Polish-language plural declensions: ''marki, marek'') was the currency of the Kingdom of Poland and of the Republic of Poland between 1917 and 1924. It was subdivided into 100 ''fenigs'' (phonetic Polish spelling of German "pfennig"), like its German original after which it was modelled. History During the World War I, in 1915, after defeating the Russians, the Central Powers occupied the whole territory of the former Congress Poland and appointed two Governors General: a German (Hans Hartwig von Beseler) in Warsaw and an Austro-Hungarian () in Lublin. The civil administration of the country was laid into the hands of imported German (mostly Prussian) and Austrian (mostly Polish) officials. Four currencies circulated: the Russian ruble, the papiermark, the ostrubel and the Austro-Hungarian crown. On December 9 the following year, after consultations with the Austrians, the chief of the German Administration, proclaime ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Polish Zloty
Polish may refer to: * Anything from or related to Poland, a country in Europe * Polish language * Poles, people from Poland or of Polish descent * Polish chicken *Polish brothers (Mark Polish and Michael Polish, born 1970), American twin screenwriters Polish may refer to: * Polishing, the process of creating a smooth and shiny surface by rubbing or chemical action ** French polishing, polishing wood to a high gloss finish * Nail polish * Shoe polish * Polish (screenwriting), improving a script in smaller ways than in a rewrite See also * * * Polonaise (other) A polonaise ()) is a stately dance of Polish origin or a piece of music for this dance. Polonaise may also refer to: * Polonaises (Chopin), compositions by Frédéric Chopin ** Polonaise in A-flat major, Op. 53 (french: Polonaise héroïque, l ... {{Disambiguation, surname Language and nationality disambiguation pages ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Second Polish Republic
The Second Polish Republic, at the time officially known as the Republic of Poland, was a country in Central and Eastern Europe that existed between 1918 and 1939. The state was established on 6 November 1918, before the end of the First World War. The Second Republic ceased to exist in 1939, when Poland was invaded by Nazi Germany, the Soviet Union and the Slovak Republic, marking the beginning of the European theatre of the Second World War. In 1938, the Second Republic was the sixth largest country in Europe. According to the 1921 census, the number of inhabitants was 27.2 million. By 1939, just before the outbreak of World War II, this had grown to an estimated 35.1 million. Almost a third of the population came from minority groups: 13.9% Ruthenians; 10% Ashkenazi Jews; 3.1% Belarusians; 2.3% Germans and 3.4% Czechs and Lithuanians. At the same time, a significant number of ethnic Poles lived outside the country's borders. When, after several regional conflicts, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Józef Piłsudski
Józef Klemens Piłsudski (; 5 December 1867 – 12 May 1935) was a Polish statesman who served as the Naczelnik państwa, Chief of State (1918–1922) and Marshal of Poland, First Marshal of Second Polish Republic, Poland (from 1920). He was considered the ''de facto'' leader (1926–35) of the Second Polish Republic as the Ministry of National Defence (Poland), Minister of Military Affairs. After World War I, he held increasing dominance in Politics of Poland, Polish politics and was an active player in international diplomacy. He is viewed as a father of the Second Polish Republic re-established in 1918, 123 years after the final Partitions of Poland, Partition of Poland in 1795. Seeing himself as a descendant of the culture and traditions of the Polish–Lithuanian Commonwealth, Piłsudski believed in a multi-ethnic Poland—"a home of nations" including indigenous ethnic and religious minorities. Early in his political career, Piłsudski became a leader of the Polish Socia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Naczelnik Państwa
The Chief of State ( pl, Naczelnik Państwa; ) was the title of the head of state of Poland in the early years of the Second Polish Republic. This office was held only by Józef Piłsudski, from 1918 to 1922. Until 1919, the title was called the Provisional Chief of State ( pl, Tymczasowy Naczelnik Państwa). After 1922, the Polish head of state became the President of Poland. The office of Chief of State was created by a Regency Council decree of 22 November 1918, which established a system of governance for Poland pending its revision by a democratically elected ''Sejm'' (parliament). The ''Naczelnik'' exercised the highest civil and military power in the country. He was Commander-in-Chief of the Polish armed forces, with powerful prerogatives in the field of foreign relations. He appointed government ministers, who answered to him, including the Prime Minister. Provisional decrees could be promulgated by the Chief of State with the countersignatures of the Prime Minister an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eastern Europe
Eastern Europe is a subregion of the European continent. As a largely ambiguous term, it has a wide range of geopolitical, geographical, ethnic, cultural, and socio-economic connotations. The vast majority of the region is covered by Russia, which spans roughly 40% of the continent's landmass while accounting for approximately 15% of its total population."The Balkans" , ''Global Perspectives: A Remote Sensing and World Issues Site''. Wheeling Jesuit University/Center for Educational Technologies, 1999–2002. It represents a significant part of ; the main socio-cultural characteristics of Eastern Europe have historically been defined by the tradi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Europe
Central Europe is an area of Europe between Western Europe and Eastern Europe, based on a common historical, social and cultural identity. The Thirty Years' War (1618–1648) between Catholicism and Protestantism significantly shaped the area's history. The concept of "Central Europe" appeared in the 19th century. Central Europe comprised most of the territories of the Holy Roman Empire and those of the two neighboring kingdoms of Poland and Hungary. Hungary and parts of Poland were later part of the Habsburg monarchy, which also significantly shaped the history of Central Europe. Unlike their Western European (Portugal, Spain et al.) and Eastern European (Russia) counterparts, the Central European nations never had any notable colonies (either overseas or adjacent) due to their inland location and other factors. It has often been argued that one of the contributing causes of both World War I and World War II was Germany's lack of original overseas colonies. After Wor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Capitalization
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by the number of common shares outstanding. Since outstanding stock is bought and sold in public markets, capitalization could be used as an indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation. Description Market capitalization is sometimes used to rank the size of companies. It measures only the equity component of a company's capital structure, and does not reflect management's decision as to how much debt (or leverage) is used to finance the firm. A more comprehensive measure of a firm's size is enterprise value (EV), which gives effect to outstanding debt, preferred stock, and other factors. For insurance firms, a value called the embedded value (EV) has been used. It is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
