PKO BP group wants to issue mortgage bonds for retail customers regularly, says CEO

"The last issue was a kind of test to gauge interest in this type of offer. We are satisfied with the level of demand. Our intention is to regularly launch this type of issue on the market," Midera told reporters on the sidelines of the 30th Banking & Insurance Forum in Warsaw.

"In general, it would be good if all mortgage banks operating on the market issued at least a few such issues per year, as this would help the market to grow," he added.

In October, PKO Bank Hipoteczny carried out its first issue of mortgage bonds aimed at retail customers in about 100 years.

Earlier, the bank shortened the subscription period by almost two weeks and increased the offer at the same time. The initial offer amount was PLN 1 billion (EUR 235.6 mln), and the demand for PKO Bank Hipoteczny mortgage bonds amounted to PLN 1.155 billion (EUR 366.4 mln).

The redemption date in this offer was set for November 2028, with an interest rate of 5 percent per annum in the first interest period and Poland's central bank NBP reference rate + 0.25 percentage points in subsequent interest periods.

Most likely, at the end of October 2025, the securities will be traded on the Warsaw Stock Exchange (on the Catalyst market).

Mortgage bonds are debt securities issued by mortgage banks. Each bond is secured by a portfolio of housing loans granted by the bank and the bank's own assets.

seb/ ao/ han/