BGK is the only state-owned development bank in Poland. BGK initiates and implements programmes for economic growth in Poland. BGK as a part of the Polish Development Fund Group, is the centre of competence in the financing of infrastructure projects, export, municipal companies and local governments. The Bank develops systems of sureties and guarantees aimed at stimulating the entrepreneurship. It participates in programmes to improve the situation in the housing market and access to housing for Poles. The Bank manages European programmes and distributes EU funds on a national and regional scale. It is a leading institution in the process of consolidation of public finances.