Investor Presentaiton
Covered Bond Market in Poland
Polish Covered Bond Market by issuer- public issuances outstanding
(PLN bn)- as of 2020 H1
Pekao BH
1.29
PKO BH
Increasing share of EUR Polish Covered Bond issuess
%
70
(5%)
mBH
8.05
(30%)
60
50
40
26.54
bn PLN
30
0.40
(2%)
20
ING BH
10
16.80
(63%)
0
64.4%
%EUR
0
T
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Outstanding Polish mortgage covered bonds currency split by issuer
26.54
16.80
EUR
16.93
(64%)
12.41
8.05
(74%)
4.14
PLN
9.61
(36%)
(51%)
3.92
(49%).
4.14
Total Market
mBH
(26%).
PKO BH
1.29
0.91
Pekao BH
0.38
0.40
ING BH
•
Starting from 2012 mBH is active in the primary market's
EUR debt segment which is reflected in the currency
structure of its issues,
Issuer of 15-year mortgage covered bonds which are one of
the longest maturity instruments issued by Polish
commercial enterprises in history,
mBH issued first PLN fixed rate Covered Bonds,
⚫ mBH issued biggest 1 bn PLN Covered Bond on Polish capital
markets.
First assimilation of Covered Bonds on Polish capital market
Data based on NBP fx rate as of 30.06.2020. Data source: Press releases / Financial statements of ING Bank Hipoteczny, mBank Hipoteczny, Pekao Bank Hipoteczny, PKO Bank Hipoteczny
m
mGroup
Covered
bonds
Cover Pool
Polish Economy
Real Estate
Market
26
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