KNF approves mBank's bond issue program worth PLN 15 bln

"The KNF approved an issue prospectus prepared by Warsaw-based mBank Hipoteczny in connection with the intention to apply for permission to trade covered bonds under a mortgage-covered bond issue program on the regulated market with a total nominal value of up to PLN 15 billion," the KNF reported. In July, mBank Hipoteczny said it had concluded an up to PLN 6 billion public covered bond issue program, based on a prospectus approved back in 2009. mBanks is a unit of German Commerzbank, one of the leading commercial banks in Poland. The Bank has been listed on the Warsaw Stock Exchange since 1992. At the end of 2015, total assets of the bank equaled PLN 123.52 billion.