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We are an issuer of mortgage bonds

PKO Bank Hipoteczny specialises in mortgage loans for private customers.  Through a strategic partnership with PKO Bank Polski, these loans are offered to retail customers via Poland’s largest network of branches, intermediaries and agents.

The key task of PKO Bank Hipoteczny is the issuance of mortgage-backed bonds. These are a significant source of long-term financing for the property-backed loans we grant.  

PKO Bank Hipoteczny is Poland’s largest issuer of mortgage-backed bonds. The value of mortgage bonds issued by PKO Bank Hipoteczny and remaining in circulation stood at PLN 8.4 billion as at 31 December 2025, representing over 40.4% of the total value of mortgage bonds remaining in circulation issued by mortgage banks operating in Poland.

  • In March 2026, the Supervisory Board of PKO Bank Hipoteczny adopted a new strategy for 2026–2028. PKO Bank Hipoteczny defines:

    A) pillars

    B) strategic objectives

    C) business model

    D) development directions

    E) the financial model of PKO Bank Hipoteczny S.A. for 2026–2028.

    • Pillar 1: A safe and transparent bank for

     investors through:
    - maintaining a low-risk portfolio
    - maintaining a high credit rating
    - an appropriate disclosure policy

    employees through:
    -providing a suitable working environment
    -fostering skills development

    shareholders through:
    -securing stable sources of funding for the mortgage loan portfolio.

    • Pillar 2: Regular issuer of covered bonds for:

    retail investors through:
    -conducting regular issues on the domestic market
    -taking measures to improve the liquidity of the instrument

    institutional investors by:
    -building its own yield curve on the domestic and foreign markets
    -expanding its investor base.
        

    • Pillar 3: A cost-effective and technologically advanced bank thanks to:

    the use of modern technologies in banking processes
    -optimisation of internal regulations
    - reducing operational burdens through the use of AI tools

     an effective model of cooperation with the Group through:
    -the digitisation of the mortgage processInclusion of covered bonds in the mortgage loan offering

     

    • Pillar 4: The Bank, in collaboration with the Group, will take action to:

    promote education on covered bonds through:
    -coordinated training and information initiatives aimed at raising investor awareness
    -participate in market initiatives designed to increase knowledge of covered bonds

    the development of the covered bond market through:
    -initiating changes that support growth in demand for covered bonds among retail investors and corporate entities
    -joint activities with market participants to improve the liquidity of covered bonds in the secondary market


    Furthermore, the activities of PKO Bank Hipoteczny are and will continue to be conducted in accordance with the PKO BP Group’s ESG standards.

    • OBJECTIVE 1. To provide the Group with a secure source of funding for its mortgage loan portfolio through regular issues of covered bonds to retail and institutional investors.
    •  OBJECTIVE 2. Undertaking joint initiatives with the Group, in collaboration with other market participants, to promote financial education and the development of the covered bond market.
    • OBJECTIVE 3. Optimising operational processes and increasing organisational efficiency through synergies with the Group and the use of new technologies.
    • OBJECTIVE 4. Ensuring a high level of security for stakeholders by maintaining operational efficiency and appropriate risk control.

  • We intend to continue selling mortgage loans based on an agency model and acquiring loans through debt pooling financed by the issuance of covered bonds in PLN and EUR, aimed at a broad range of investors, including retail investors. Competitive advantage, innovative projects and closer cooperation within the Group will enable us to achieve our ambitious strategic goals. The development priorities and financial strategy for 2026–2028 have not been made public.

  • PKO Bank Hipoteczny’s business concept is based on operational integration with PKO Bank Polski. Its aim is to achieve maximum synergies within the PKO Bank Polski Capital Group, which means the optimal use of the Group’s assets and know-how.

    The founder of PKO Bank Hipoteczny and, at the same time, the sole shareholder of our bank is PKO Bank Polski. During the process of obtaining a banking licence from the Polish Financial Supervision Authority, our owner undertook that, should the need arise and should PKO Bank Hipoteczny’s capital or liquidity ratios fall below the level required by law or other regulations applicable to PKO Bank Hipoteczny issued by the relevant banking supervisory authorities, PKO Bank Polski will immediately provide PKO Bank Hipoteczny with appropriate financial support.