PKO
Bank
Hipoteczny
Spółka
Akcyjna
with
the
registered
office
in
Warsaw,
ul.
Świętokrzyska
36,
00-116
Warsaw,
registered
at
the
Capital
City
of
Warsaw
District
Court
in
Warsaw,
12th
Commercial
Division
of
the
National
Court
Register
under
KRS
numer
0000528469; Tax Identification Number (NIP): 204-000-45-48; REGON: 222181030; share capital 1.611,300,000 PLN.
Ladies and Gentlemen,
On
behalf
of
the
Management
Board
and
the
entire
PKO
Bank
Hipoteczny
SA
team,
I
have
the pleasure of presenting to you the report showing the Bank’s operations in 2025.
In
2025,
the
team’s
hard
work
made
it
possible
to
generate
the
second
highest
net
profit
in
the
Bank’s
history
of
PLN
95.1
million.
This
good
result
was
achieved
in
an
environment
of significant declines in interest rates and growing fiscal burdens.
For
the
last
few
years
PKO
Bank
Hipoteczny
SA
has
been
–
and
still
is
–
the
undisputed
leader
among
mortgage
banks
in
Poland
in
terms
of
total
assets,
loan
balances
and
mortgage covered bonds issued.
•
As
at
the
end
of
2025,
the
Bank’s
total
assets
amounted
to
nearly
PLN
17.9
billion,
up
by
PLN
0.5
billion
year-on-year.
Of
this
amount,
PLN
17.1
billion
was
attributable to its high quality residential loan portfolio.
•
Thanks
to
the
commitment
of
the
entire
team,
mortgage
loan
sales
in
the
agency
model exceeded PLN 1.2 billion.
•
The
balance
of
mortgage
covered
bonds
outstanding
amounted
to
PLN
8.4
billion,
which
represented
more
than
40%
of
the
total
value
of
outstanding
mortgage
covered bonds issued by mortgage banks operating in Poland.
We
were
the
first
mortgage
bank
operating
in
Poland
in
almost
100
years
to
issue
mortgage
covered
bonds
for
individual
investors.
The
issue
was
a
great
success.
In
order
to
ensure
that
every
individual
investor
who
signed
up
for
our
mortgage
covered
bonds
receives
them,
we
increased
the
volume
of
the
offer
by
15
per
cent.
We
also
shortened
the
period
for
accepting
subscriptions
from
twenty-one
to
nine
days.
The
final
value
of
the issue was PLN 1.15 billion.
The
retail
mortgage
bonds
made
their
debut
on
the
Catalyst
market
operated
by
the
Warsaw
Stock
Exchange
on
29
October
2025.
Thus,
together
with
the
PKO
BP
Group,
we
expanded
the
range
of
financial
instruments
available
to
individual
investors.
For
this
pioneering
project,
we
received
the
2025
Capital
Market
Leader
Award
from
the
Stock
Exchange.
Last
year,
we
also
returned
to
the
European
market
after
an
absence
of
three
years.
In
June
2025,
we
issued
mortgage
covered
bonds
worth
EUR
500
million
to
institutional
investors.
In
the
first
90
minutes
after
the
launch
of
the
offer,
demand
exceeded
one
billion
EUR, eventually reaching almost 2.5 times the value of the offer.