ING Bank Śląski to set up a mortgage bank

WSE-listed ING Bank Śląski has filed a motion to the financial institution watchdog KNF for permission to establish a mortgage bank, the lender said in a market filing. The share capital of ING Bank Hipoteczny is set at PLN 50 million and will be fully taken up by the lender. Currently, there are three mortgage banks operating in Poland, owned by mBank, PKO BP and Pekao.