W stulecie założenia Centrali Bankowej Wielkopolskiego Systemu Spółdzielczości Kredytowej

Abstract

In the centenary of establishing the Bank of Union of Commercial Partnerships in Poznań the article recalls the organizational and financial concept of one of the largest cooperative central finance boards in the world which was able to maintain its financial policies in a way reconciling contradicting interests of credit cooperatives and a huge joint-stock bank, although it had vast financial relations with the private economy and never used foreign capital. In the years 1885 - 1934 the Bank of Union in Poznań was a multidivisional banking board of the Wielkopolska's cooperative system, existed in a form of joint-stock company with cooperatives and private persons as stock holders. The decisive influence of cooperatives on its functioning was facilitated by the original statutory solutions and a consequent adherrence to cooperative principles. Consequently the member cooperatives were secured with proper bank liquidity and economic profitability in their indirect relation to the monetary market. It has performed entirely banking functions which were not linked to the union functions of patronage, auditing or to the function of central board of trade. The presented features of the Bank decided the favorable development of the Wielkopolska credit cooperatives, yielding some influence on the movement of credit cooperatives in the People's Poland.