Bank in 2022

Banking activity

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Bank in 2022
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Major areas of activities of the Group’s subsidiaries
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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 Group’s cooperation, portfolios of mortgage loans previously granted by Bank Pekao S.A. are successively transferred to Pekao Bank Hipoteczny, and may constitute collateral for the issued covered bonds.

In 2022, 85% of the value of the transfer of mortgage receivables concerned retail loans in PLN, and 15% of receivables of local government units.

As at the end of December 2022, net value of loans portfolio amounted to PLN 2,960.2 million.Loans granted to corporates and local governments represents 15.5% and 9.2% respectively and loans granted to individual clients represents 75.3% of loan portfolio.

In 2022, Pekao Bank Hipoteczny completed nine issue of covered bonds in PLN. The total value of liabilities under mortgage bonds as at 31 December, 2022 was PLN 2,190.8 million (including EUR 50.0 million). Pekao Bank Hipoteczny S.A. has the quality certificate The Covered Bond Label, which proves the safety and quality of the issued covered bonds and the highest standards of transparency for investors.

Financial notes

Assets management

Banking activity

Pekao Bank Hipoteczny S.A. – Pekao Bank Hipoteczny

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