Article Tools

Poland: PKO BP Planning to Establish Mortgage Bank

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…

This article includes a total of 107 words.

or Log In

Fast News Search
Related News
Poland: Consumer Loans Expected to Rise Significantly (February 12, 2014)
Poland: Sixteen Banks to be Examined by EBA (February 4, 2014)
Poland: PKO BP Plans Keeping High Level of Loans (January 30, 2014)
Poland: PKO BP Bond Rated A2 (January 23, 2014)
S&P: Polish Banks to Remain “Strongly Profitable” (January 15, 2014)
Read More
Poland, Banking Industry, PKO BP, Bond Market
ISIN
PLPKO0000016
Featured
See latest Vindobona Newsletter