In 2023, Pekao Bank Hipoteczny completed two issues of covered bonds. The total value of liabilities under covered bonds as at December 31, 2023 was PLN 2,213 million (including EUR 50 million). As part of the diversification of financing sources, Pekao Bank Hipoteczny issues bonds. The value of liabilities arising from the issued bonds as at December 31, 2023 amounted to PLN 394 million.
Bank in 2023
Banking activity
Pekao Bank Hipoteczny S.A. – Pekao Bank Hipoteczny
Pekao Bank Hipoteczny is a specialist bank, focusing on granting mortgage loans and issuing covered bonds. As part of the cooperation, portfolios of mortgage loans and bonds of local government units are transferred to Pekao Bank Hipoteczny, which may constitute security for mortgage bonds issued by Pekao Bank Hipoteczny.
In 2023, Pekao Bank Hipoteczny completed transactions of purchasing and transferring mortgage receivables from Bank Pekao S.A. for a total amount of PLN 221 million. The transferred portfolio of mortgage receivables included loans granted in PLN, which were intended to finance the housing needs of individual persons. In order to build a safe asset portfolio, in 2023, bonds of local government units were also transferred from Bank Pekao. In accordance with the schedule of local government bond transfers in 2023, 71 transactions included the purchase and transfer of local government bonds with a total value of PLN 418 million.
394
PLN mln
the value of liabilities arising from the issued bonds