USTRÓJ PRAWNY KAS OSZCZĘDNOŚCIOWYCH W DRUGIEJ RZECZYPOSPOLITEJ

Abstract

When market economy was build from the start in 1989 in Poland, one should have used the well-tried out solutions and institutions of municipal districts and cities, such as self-government local loan. In the Second Republic of Poland (1919-1939) they all played an important role in the development of the financial market. Their legal regulations after some minor modifications could have been used to revitalize or recreate the institution of self-government credits. Instead, it was decided to maintain the operation of weak banking cooperatives and start the uncontrolled process of launching new private banks (often based on existing nomenclature). The process of separating commercial banks from the National Bank of Poland and their consequent privatisation prevents a direct vindication of the properties that had been appropriated. The National Savings Bank (PKOBP), currently due to be privatised, is still controlled by the state and is as such the last chance to “settle with the past”.