Bank Spółdzielczy w Łomazach

Bank Spółdzielczy w Łomazach is a Polish cooperative bank serving Łomazy and surrounding communities in the Lublin region. It operates under the Banking Law and Cooperative Law, is supervised by the Polish Financial Supervision Authority (KNF), and deposits are protected by the Bank Guarantee Fund (BFG) up to the equivalent of EUR 100,000 per depositor. The ownership model is cooperative: customers can acquire membership shares and vote at the general meeting, while profits are allocated primarily to statutory funds. The product set typically includes PLN current and savings accounts, term deposits, payment cards, domestic transfers via the Elixir clearing system with standing orders and direct debits, and basic cash services. Lending covers consumer cash loans, housing-related financing, overdrafts, and for enterprises and farmers, working-capital and investment loans as well as guarantees; credit decisions follow internal risk policies alongside standard KYC/AML requirements. Remote channels comprise internet and mobile banking with strong customer authentication under PSD2, while in-branch service remains essential for cash handling and selected identity-dependent processes. Fees and interest are defined in the published tariff and rate tables available on the bank’s website and vary by account or service; pricing and rates are adjusted in line with market conditions and National Bank of Poland policy. The physical footprint is regional, with business-hour availability and a limited ATM network relative to nationwide banks. Complaints are processed under Polish regulations with statutory response deadlines, and data processing follows GDPR. As with other cooperative institutions, the bank participates in national cooperative structures for clearing and technology and focuses on core retail and SME banking rather than specialized investment or capital markets services.