- Business
- Bank Handlowy w Warszawie S.A. operates as a Poland-based commercial bank under the Citibank Handlowy brand, offering a comprehensive range of banking products and services primarily through two segments: Corporate and Investment Banking, and Retail Banking. The bank's core products and services include cash management; trade finance and structured trade finance; treasury services; corporate finance; debt instruments and syndicated loans; asset management and custodian services; brokerage; securitization services; management buy-outs and acquisitions advisory; and leasing activities through subsidiaries. It also provides pension fund management, insurance services, securities portfolio management, and wealth management products targeted at affluent clients, including the Citigold and Citigold Private Client offerings. The bank supports corporate clients with expert financial solutions in liquidity and market risk management, leveraging Citi's global network to serve clients in nearly 100 countries. The bank serves international corporations, large local companies, and small and medium enterprises with international needs across Poland and through representative offices, including one in London. Bank Handlowy w Warszawie was founded in 1870 and is headquartered in Warsaw, Poland. It operates 28 domestic branches and several foreign representative offices.
Recently, Bank Handlowy w Warszawie S.A. announced strategic structural changes, notably the agreement to sell its consumer banking business to VeloBank, aiming to finalize the migration by mid-2026, subject to regulatory approvals. This divestiture is part of repositioning the bank to focus more on institutional and corporate banking services, emphasizing cross-border transactions, global networks, cash management, and trade solutions. The bank targets maintaining disciplined cost growth and aims to double its sustainable finance portfolio to PLN 2 billion. Additionally, it continues to strengthen its leadership in servicing international corporations and large Polish companies, while fostering growth among SMEs and new economic segments such as technology companies. These changes reflect a strategic shift towards specialized institutional services and wealth management, aligning the bank’s operations more closely with Citi’s global footprint and expertise.
Bank Handlowy w Warszawie S.A. is a subsidiary of Citibank Overseas Investment Corporation (COIC), part of the global Citi group. The bank reported total revenue of approximately PLN 3.71 billion and net income of PLN 1.79 billion, with a significant return on equity reflecting its strong financial position. Its services are aimed at entities requiring comprehensive corporate finance solutions alongside transactional and investment banking services, spanning Poland and international markets. The bank continues to receive recognition for excellence and innovation in banking services within Poland.
This profile captures Bank Handlowy's comprehensive product and service offerings, its recent strategic divestiture of consumer banking to VeloBank, and ongoing focus on institutional, corporate, and wealth management services, reflecting a realignment towards specialized global financial solutions. The bank’s long-standing presence dating to 1870 and its headquarters in Warsaw underscore its significant footprint in the Polish and international banking sectors.