Paribas in Poland

Banque de Paris et des Pays-Bas (Paribas) opened a representative office in Warsaw in 1995 under the management of Andrzej Mauberg. During the preceding years Paribas had obtained a number of advisory mandates for privatisation deals, including Banque Slaski in 1994. Subsequently, the bank has been involved in numerous advisory and financing transactions for some of the largest Polish corporates such as PKN Orlen, POGC or KGHM.

The origins of BNP Paribas Bank Polska are threefold: Polish, Belgian and French. Its Polish roots are the Krakow Banking Society (Krakowskie Towarzystwo Bankowe), its Belgian origins are in Société générale de Banque (which became BNP Paribas Fortis) and its French heritage lies with Banque Nationale de Paris (BNP). We could moreover add to these both US and German colours, respectively First Polish American Bank (Pierwszy Polsko-Amerykański Bank) and Dresdner Bank. Over a period of about twenty years, and through many changes, these historical strands were drawn together to create BNP Paribas Bank Polska, which recently merged with BGZ BNP Paribas.

VIEW FROM THE FRENCH SIDE: FROM BNP TO BNP PARIBAS BANK POLSKA

In the mid-1970s, when the global economy was undergoing profound change with sharp increases in the price of oil and raw materials and a weakening of the international mon- etary system, Banque Nationale de Paris (BNP) pursued a policy of building a presence in all parts of the world. In late 1975, the BNP Chairman, Pierre Ledoux, inaugurated a representative office in Warsaw. A Moscow office was opened that same year, these two offices being the first that BNP had set up in Eastern Europe. During the following years, BNP established representative offices in a number of other Eastern European countries, with a view to supporting foreign trade between this region and France. Closer relations between BNP and the countries of Eastern Europe went hand-in-hand with the negotiation of the Helsinki Accords, whose Final Act was signed in August 1975, containing provisions to encourage economic cooperation between the Communist bloc and the Western nations.

Partnership between Dresdner Bank and BNP

BNP stepped up its presence in the countries of Eastern Europe considerably from 1989 onwards when under René Thomas as Chairman and CEO it forged a partnership with

TECHNICY WYKONUJĄ PRACE KONSERWACYJNE SILNIKA WIATROWEGO

PODCZAS ZIMY W ZACHODNIEJ POLSCE

WIND TECHNICIANS DOING MAINTENANCE

ON A WIND TURBINE IN WESTERN POLAND DURING THE WINTER.

180 T H E O R I G I N S A N D F O R M AT I O N O F B N P PA R I B A S B A N K P O L S K A