{"id":1862,"date":"2025-08-17T14:45:03","date_gmt":"2025-08-17T12:45:03","guid":{"rendered":"https:\/\/fpna.pl\/cr\/finances-at-a-new-address\/ls\/basic-financial-institutions-in-poland\/"},"modified":"2025-09-09T21:06:37","modified_gmt":"2025-09-09T19:06:37","slug":"basic-financial-institutions-in-poland","status":"publish","type":"lesson","link":"https:\/\/fpna.pl\/en\/cr\/finances-at-a-new-address\/ls\/basic-financial-institutions-in-poland\/","title":{"rendered":"Basic financial institutions in Poland"},"content":{"rendered":"\n
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Basic financial institutions in Poland<\/strong><\/h1>\n<\/div><\/div>\n\n

Understanding the financial system is the foundation for informed use on a daily basis. Here is a detailed description of the key institutions: <\/p>\n\n

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Commercial banks<\/h2>\n<\/div>\n\n\n\n

Banks are the largest and most comprehensive financial institutions. They operate under the Banking Act and are supervised by the Financial Supervision Commission (KNF). The KNF is the guardian of the stability of the entire financial sector, which gives customers a sense of security. <\/p>\n\n\n\n

The banking system in Poland is considered stable and secure, which is the result of sound regulation and supervision. The Banking Law, which is the foundation of its functioning, was enacted on 29 August 1997<\/strong>. Since then, it has been amended several times to adapt to changing market realities, global standards and European Union requirements. <\/p>\n\n\n\n

The legal framework of the Polish banking system is contained in the Act of 29 August 1997. – Banking Law. <\/p>\n\n\n\n

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The Act sets out:<\/strong><\/strong><\/h3>\n<\/div>\n\n\n\n
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  1. principles for conducting banking activity, establishing and organising banks, branches and representative offices of foreign banks, as well as branches of credit institutions,<\/li>\n\n\n\n
  2. principles for the creation and operation of a security system,<\/li>\n\n\n\n
  3. principles of reorganization, liquidation and bankruptcy of banks,<\/li>\n\n\n\n
  4. certain principles for the conduct of business by financial holding companies and mixed financial holding companies and for the organisation of such companies, as well as certain principles for the supervision of such companies,<\/li>\n\n\n\n
  5. rules for the exercise of banking supervision, including consolidated supervision.<\/li>\n<\/ol>\n\n\n\n

    The Act defines a bank as a legal person established in accordance with the provisions of the Acts, operating on the basis of authorisations authorising the performance of banking activities that put at risk funds entrusted under any repayable title.<\/p>\n\n\n\n

    Banking activities that can only be performed by a bank, according to the Banking Law, are:<\/p>\n\n\n\n