Bank Polski SA

The Polska Krajowa Kasa Pożyczkowa [pl] (PKKP) was established in December 1916 by Germany and Austria-Hungary to serve their puppet Kingdom of Poland.

[2]: 20  The new institution, whose establishment was announced on 3 December 1923 and completed on 15 April 1924, was created as a joint stock company whose shares were offered to the Polish public.

[2]: 19 The 1924 reforms were largely but not entirely successful, as the government kept increasing the money supply by minting coins, triggering so-called "coinage inflation" in 1925-1926.

Unlike in Austria, Hungary, and Danzig, which had similarly experienced postwar hyperinflation, Poland's stabilization was achieved without assistance from the League of Nations through its Economic and Financial Organization.

This was partly linked to the lingering territorial disputes between Poland and Germany, and to the fact that Polish authorities feared that the United Kingdom would exercise its leverage at the League of Nations to favor German interests.

The first such foreign adviser, appointed in November 1927, was Charles S. Dewey, previously United States Assistant Secretary of the Treasury for Fiscal Affairs.

[4] Following the invasion, the Bank of Poland relocated, first in Paris from 19 September 1939 to 1 July 1940, then in London together with the Polish Government in Exile, and financed most of the latter's military effort.

However, they notes were not released into circulation because the Polish government, upon establishment of the NBP, had deprived the Bank Polski of its note-issuance privilege.

Meanwhile, the stock of gold that backed those banknotes was distributed by the communist authorities for budget expenditure in the years 1946–1958, and was partially allocated to compensation for citizens of foreign countries expropriated as a result of the Polish Act on the Nationalization of Industry.

In the 2010s, the Senator office complex was built on the footprint of the former Bank of Poland building and incorporated some of its surviving architectonic elements.