International cooperation

International cooperation

We initiate and expand cooperation with commercial and co-operative banks, as well as other financing institutions. We jointly offer solutions enabling thousands of Polish businesses to expand their presence, both domestically and internationally, by facilitating access to financing, promoting innovation and creating new jobs.  

Cooperation with international financial institutions

European Investment Bank (EIB) remains BGK’s main international partner in terms of funding. From EIB’s sources BGK funds both own activity and government funds managed by BGK on behalf of the state. Cooperation with the EIB covers also JESSICA Initiative (Joint Initiative of European Commission and EIB for revitalization of urban areas), where EIB plays a role of a holding funds and BGK of Urban Development Fund (UDF).
Since 1 July 2013 BGK is a shareholder of European Investment Fund (member of EIB Group responsible for supporting of the SME sector). BGK is the sole Polish shareholder of the EIF.  In the framework of this cooperation in 2013 EIF and BGK created a joint Polish Growth Fund of Funds of the initial size of EUR 90 million investing in enterprises in growth and expansion phases. In 2015 BGK and EIF signed also a counter-guarantee agreement in the framework of COSME, an European programme supporting competitiveness among SMEs

BGK does cooperate also with other international financial institutions, such as:

  •   Council of Europe Development Bank,
  •   Nordic Investment Bank,
  •   World Bank.


International associations and networks

Bank Gospodarstwa Krajowego is a member of 11 international organizations, including:

EAPB (European Association of Public Banks), an association of over 90 financial institutions, including national promotional banks and institutions (NPBIs) or their associations from European countries. By being part of the association BGK has the opportunity to obtain information, publications and analyzes on EU legal regulations and initiatives (including legislative ones) that have a direct or indirect impact on the functioning of NPBIs. EAPB provides BGK with the possibility of building common positions with other NPBIs and representing the bank’s position through the EAPB towards key European institutions. Moreover, membership enables participation in regular meetings with representatives of NPBIs and with representatives of EU institutions during meetings of EAPB committees and working groups.
ELTI (European Association of Long-Term Investors), an association gathering European institutional investors, mainly national promotional banks. The aim of the association is to represent the interests of its members in contacts with European financial institutions, as well as with other institutions of the European Union acting as long–term investors. ELTI ensures the possibility of regular, high–level meetings with the most important institutional investors from Europe associated with ELTI.
AECM (European Association of Guarantee Institutions), an organization working for institutions providing guarantees and sureties. The association is recognizable and internationally recognized partner representing the interests of the associated entities. Membership in AECM enables BGK to cooperate with other affiliated institutions in order to develop a common beneficial legislative solutions. AECM is also a platform for the exchange of knowledge and good practices among associated members in the development of guarantee schemes. 
NEFI (Network of European Financial Institutions for SMEs), the network consists of 21 institutions from European Union member states and UK: development banks and other financial institutions supporting SMEs. Thanks to membership in NEFI, the bank has the opportunity to obtain information and publications on EU legal and financial regulations, activities undertaken by European institutions in the area of SME financing, the financial perspective 2021-2027 as well as sustainable and innovative financing. Membership in the network enables the exchange of experience and know-how between development institutions.
IPFA (International Project Finance Association), an organization that brings together about 650 members from around the world: public sector entities (ministries, government agencies, cities, central banks, development banks) and private sector entities (commercial banks, investment funds, consulting companies, law firms). The activity of IPFA focuses on the financing of infrastructure in the project finance (PF) and PPP formula. Membership in the association provides unlimited and free access to conferences organized by IPFA around the world devoted to financing PF and PPP investments as well as the possibility of networking and information exchange with entities involved in PF and PPP projects.
WEF (World Economic Forum), an international organization associating the most influential representatives of politics, business and NGOs. The goal of the World Economic Forum is to shape a global agenda on the most important challenges and problems in the world through public-private cooperation. WEF cooperates with numerous leading international organizations.



Bilateral relations with national promotional banks and institutions

Participation in works and meetings of international association creates an opportunity for BGK employees to get to know better other European financial institutions. Thanks to these meetings BGK builds its knowledge base about products and business models of public banks from other countries.

Such information may be used in the development of new strategic objectives for the Bank and developing new products.

Development of bilateral relations with foreign national promotional banks translates into organisation of mutual study visits, during which BGK can learn from its partners, as well as share its own experiences in different areas.