PKO BP eyes €500 mln mortgage bond issue in H2 - CEO
18:06
State-controlled lender PKO Bank Polski (PKO BP) intends to implement at least a €500 million mortgage bond issue on international markets in H2, CEO Zbigniew Jagiełło announced.
"We want mortgage financing to shift to covered bonds in H2," the official emphasized.
"The bank is working on introducing fixed-rate mortgages with fixed rate horizon set to the maturity of covered bonds. That should end the price war on the deposit market," PKO BP CEO proclaimed.
After a "good" Q1, PKO had a "very good" Q2 and "this pace is maintained," Jagiełło said. "Q3 results, if there are no one-offs, will be attractive to bank stakeholders."
PKO BP, the leader of Polish banking, has been listed on the WSE since 2004.
