PKO Bank Hipoteczny

PKO Bank Hipoteczny specializes in PLN- denominated residential mortgage loans. PKO Bank Hipoteczny's main goal is to provide long-term financing by issuing covered bonds. PKO Bank Hipoteczny is 100% owned by PKO Bank Polski the largest Polish bank. In August 2014, PKO Bank Polski received approval from Poland's Financial Supervision Authority to set up a mortgage bank, which began its operations in April 2015. Thanks to the dynamic development of PKO Bank Hipoteczny quickly gained the position of the leader of the mortgage market and is currently the largest mortgage bank and the most active issuer of covered bonds in Poland. As the only issuer from Poland, PKO Bank Hipoteczny since October 2016 has regularly performed benchmark issues of covered bonds denominated in euro, which are dedicated to institutional investors from the international market. PKO Bank Hipoteczny is also an active issuer of covered bonds denominated in domestic currency. The total value of outstanding covered bonds of PKO Bank Hipoteczny as of the end of 2018 amounted to PLN 12.8 billion. PKO Bank Hipoteczny is a member of The European Covered Bond Council (ECBC).