School Savings Banks (SKO). At the end of 1979 there were approx. 12 thousand SKOs active in Poland79.

BGŻ 1982 - 1989

In 1980/81 in connection with the political, social and economic crisis in Poland, a sys- temic reform started. This was a period when Polish cooperative banking was looking for its place and new solutions in the newly emerging political, social and economic reality. A debate was going on among the activists and employees of cooperative banking as regards the activity of the cooperative banking and its participation in execution of the agricultural policy80. The Second National Convention of Cooperative Bank Delegates adopted a resolution speaking, among other things, in favor of maintaining the state-owned-and-coopera- tive legal and organizational form of BGŻ, making a reservation that this has to be an organization functioning according to different, reformed principles, taking into account primarily self-government and collectiveness in the activities of cooperative banks 81. In addition, the resolution demanded increased autonomy of cooperative banking. The Second National Convention approved the proposal of amendment of the then prevailing Banking Law Act and BGŻ s articles of association. In 1982 changes were made to the Banking Law and a new cooperative law was adopted. According to the provisions of the Banking Law Act, BGŻ s new articles of articles of association required prior agreement with the Banks Council. This was a new coordina- tion and consultation body established at NBP. The act also created the possibility of establishment of other state-owned-and-cooperative banks, which has never been used. The Bank s president was to be appointed and dismissed by the President of the Council of Ministers on the motion of the bank s supervisory board and vice-presidents and all other management board members were elected and dismissed by the bank s supervi- sory board on the motion of the president82. In addition, the act liberalized the decision-making as regards interest rate setting and fees and commissions applied by the banks. From the moment of its adoption, the NBP president had only powers to set the interest rate ranges for loans and deposits, and the Banks Council determined the maximum amounts of fees and commissions83. After the Sejm adopted the new acts: Banking Law and Cooperative Law, and after the Third National Convention of Cooperative Banking held in 1984, the powers of the self- government bodies were expanded and cooperative rules were introduced in BGŻ and BS.

79. Kalendarium. 25 lat współpracy Banku Gospodarki Żywnościowej S.A. z Bankami Spółdzielczymi [Calendar of events. 25 years of cooperation of Bank Gospodarki Żywnościowej S.A. with Cooperative Banks], Warsaw 2000, p. 15-16.

80. ABGŻ, file no. 1392, Historical background.

81. Ibidem.

82. Ibidem.

83. Ibidem.

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