POLISH BANK IN BUENOS AIRES

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00457R002100600008-8
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 2
• Document Creation Date: November 9, 2016
• Document Release Date: March 4, 1999
• Sequence Number: 8
• Publication Date: December 13, 1948
• Content Type: REPORT

25X1A9a Approved For Releai~f * b9i'b1> F I il666 0021006
ETRY Argentina
PLACE
ACQUIRED
SF AT
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L. Waclaw Konderski, president of the Polska Kasa Opieki, S.A. (P. K. O.) in
t'sxrsax, who is now in Buenos Aires as a member of the Polish Comnerci.al
,r.=lion, has submitted his first report on the Polish Bank in Buenos
Aires. Konderski has recommended to the '."arsaw government that after an
Argentine-Polish commercial agreement is signed,* the Argentine Government
b:: requested to settle the matter of the bank's stock controversy so that
the stock therein can be turned over to the Polish Legation in Buenos
Aires as property of the Polish Government.,
The P.K.O. in Poland, even before the last war, owned the majority of
ck in Polish banks outside of Poland and directed the policy of those
banks.. Konderski, according to his report, would explain this to the
Argentine Government and point out to the local authorities that since
all Polish banks have been nationalized, P.K.O. properties are, in fact,,
properties of the ;:arsaw government.
Other salient points in Konderskd o s report on the Polish Bank in Buenos
Aires are:
a. Personnel of the local bank is inefficient;
b. Because of the stock controversy the bank is under the control of its
President, Julio Nowinski, who cannot be removed until the ,Varna
overn>nent gains title to the disputed stock over the claims of the
:former pro-London government;
c_ in the past the bank has been nixed up in unfortunate political
activities which have placed it in a bad light with Argentine
ment authorities. In the future the bank should withdraw from all
political activities and devote itself exclusively to :I arthering
Argentine-Polish commercial relations and to handling transacti.or?t,
as the need arises between Argentina and other Slav countries.
There is little chance of enlarging the bank's sphere of activi t .;,s
because most of Argentina's trade treaties with the Slav countries re-
quire transactions to be handled by the Argentine Central Bank., lIe
points out that the local Czechoslovak Legation does not even do busi?--
ne;ss .?itn the Polish Bank.
CLASSIFICATION `
STATE j NAVY NSFB DI$1.f -- ~-
I617MY t~ V ale \j. { l ~ I
WARNING NOTICE: 11 )~ VIZ)r < : 2r-DECLASSIFIED
EXCISED BEFORE PUBLIC RELEASE OF THIS DOCUMENT. Class. CFrtIA' , .. .
4
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ATE DISTR. 14 December 19h8
NO. OF PAGES2
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.pi. 77
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L I AL
f,,> The following act.ounta and credits were recorded by the bank or I November
1948:
a., The Rumanian Legation has been extended a total credit of 30,000
pesos in two accounts;
b, The Jugoslav legation has a balance of 648,000 pesos;
c. The ,Soviet Imbassy has a balance of 332,000 pesos;
d, The Argentine-Russian Cultural Institute has been extended a
credit of]. 000 pesos;
ee The Consejo Central- de las Organizaciones Deinocraticas Ucrani. nas
has a balance of 11,568 pesos;
f., The Centro Cultural Ucraniano has a balance of 4;800 pesos
A trade treaty between Ar; entina and Poland was signed on 7 s,-nf ber.,
Approved For Release 1999/09/08 : CIA` ~1-00457R002100600008-8