Poland: PKO BP Planning to Establish Mortgage Bank

Business › n.a. ♦ Published: February 14, 2014; 11:38 ♦ (Vindobona)

The Polish bank intends to found a mortage bank around the beginning of the year 2015.

Poland: PKO BP Planning to Establish Mortgage Bank / Picture: © PKO Bank Polska

PKO BP is planning to establish a mortgage bank as soon as the end of 2014 and therefore filed a motion with financial market regulator KNF, as announced by the banking institute in a press release. The bank is planning to sell as much as 30 percent of mortgages via the separate bank, according to the bank’s own information.

The mortgage bank will be financed mainly with…

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