Bank Pekao
Encyclopedia
Bank Polska Kasa Opieki Spółka Akcyjna, commonly using the shorter name Bank Pekao S.A., is a universal bank with its headquarters in Warsaw
, Poland
. Italian bank UniCredit
owns 59% of the company.
The bank was founded in 1929 by the Ministry of Treasury as a national bank, mainly to provide financial services to Poles living abroad. In 1939 the bank had branches in virtually every capital city of countries where Poles lived.
The full name "Polska Kasa Opieki" may be translated literally as "Polish Bank of Aid," and the popular form "Pekao" sounds out the acronym "PKO."
Bank Pekao S.A. should not be confused with another large, old Polish bank with an identical acronym, PKO Bank Polski
.
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Pekao Bank's website About history page
http://www.pekao.com.pl/about_bank/history/history
Warsaw
Warsaw is the capital and largest city of Poland. It is located on the Vistula River, roughly from the Baltic Sea and from the Carpathian Mountains. Its population in 2010 was estimated at 1,716,855 residents with a greater metropolitan area of 2,631,902 residents, making Warsaw the 10th most...
, Poland
Poland
Poland , officially the Republic of Poland , is a country in Central Europe bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north...
. Italian bank UniCredit
UniCredit
UniCredit SpA is an Italy-based, pan-European banking organization, with aprox 40 million customers and operations in 22 countries.- Geography :...
owns 59% of the company.
The bank was founded in 1929 by the Ministry of Treasury as a national bank, mainly to provide financial services to Poles living abroad. In 1939 the bank had branches in virtually every capital city of countries where Poles lived.
The full name "Polska Kasa Opieki" may be translated literally as "Polish Bank of Aid," and the popular form "Pekao" sounds out the acronym "PKO."
Bank Pekao S.A. should not be confused with another large, old Polish bank with an identical acronym, PKO Bank Polski
PKO Bank Polski
Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna is Poland's largest bank. It provides services to individual and business clients. The core business activity of PKO Bank Polski is retail banking...
.
See also
"Polska Kasa Opieki" can also be translated "Polish Health Fund"Pekao Bank's website About history page
http://www.pekao.com.pl/about_bank/history/history
- Bon PeKaOBon PeKaOBon PeKaO - substitute legal tender, used in the People's Republic of Poland. Polish communist government, desperate for hard foreign currency, used to mandate that the Polish citizens were to exchange foreign currency they had into the notes issued by the Bank Pekao...