Liquidation of loans of credit institutions from the former Russian partition of Poland by the National Bank of Agriculture in the interwar Poland Cover Image

Likwidacja wierzytelności instytucji kredytowych z byłego zaboru rosyjskiego przez Państwowy Bank Rolny w Polsce międzywojennej
Liquidation of loans of credit institutions from the former Russian partition of Poland by the National Bank of Agriculture in the interwar Poland

Author(s): Mirosław Kłusek
Subject(s): Agriculture, Economic history, Interwar Period (1920 - 1939), Financial Markets, Socio-Economic Research
Published by: Wydawnictwo Naukowe Uniwersytetu Mikołaja Kopernika
Keywords: National Bank of Agriculture; Interwar Poland; Russian bank loans;

Summary/Abstract: After regaining independence of Poland in 1918, the General Institution of Mansion was responsible for the liquidation of former national Russian banks. Since 1922 liquidation and administration of liabilities of the Mansion Bank, that had been functioning in the area of Russian partition before the World War I, and the Noble Bank, which was only acting in eastern voivodeship, has been a task of the National Bank of Agriculture. According to President’s of Poland ordinances from 1924, an overall sum of loans of former Russian Mansion Banks that was to liquidate, was estimated for about 39 mln rubels. In situation when 1 rubel was equal 2,666 zloty, it gave the sum of about 103 mln zlotys. Meanwhile, a real sum of liabilities of former Russian banks was about 50 mln zlotys, which was revealed afterwards. The National Bank of Agriculture, that liquidated and administered of former Russian banks loans, was functioning not only in the interwar period.

  • Issue Year: 19/2011
  • Issue No: 4
  • Page Range: 109-124
  • Page Count: 16
  • Language: Polish