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PKO launches first POLSTR-based mortgages

06:07

PKO launches first POLSTR-based mortgages
Source: adobestock

PKO Bank Polski and PKO Bank Hipoteczny will begin offering new variable-rate mortgages based on the POLSTR benchmark from September 3, making PKO the first Polish lender to introduce the new reference rate in mortgage sales. The loans will use the compounded one-month POLSTR rate as Poland moves away from WIBOR under its benchmark reform.

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