EMTN

New green bond issue under EMTN Programme


Informations about issues

  • PKO Bank Polski S.A. has solicited credit ratings from Moody's Investors Service rating agency, which assesses the Bank's creditworthiness according to its own bank assessment procedure.

    On 11 April 2024 Moody's Investors Service informed about maintaining all ratings for PKO Bank Polski S.A. (long-term and short-term counterparty risk rating) issued on 18 June 2018. The stable outlook for the long-term deposit rating was also maintained. The long-term counterparty risk rating was maintained at A2 and the short-term counterparty risk rating was maintained at P-1.

    Counterparty risk ratings reflect an entity’s ability to settle an unsecured portion of the counterparty’s financial liabilities not related to a debt (CRR liabilities) and the expected financial losses in the case of failing to settle such liabilities. Examples of CRR liabilities include the uncollateralized portion of liabilities arising from derivatives transactions and the uncollateralized portion of liabilities under sale and repurchase agreements. Detailed information about Moody's methodology and rating scale is included on the agency's website.

    Moody's Investors Service
    Rating
    Long-term deposit ratingA2 with stable outlook
    Short-term deposit ratingP-1
    Senior unsecured MTN Program rating(P)A3
    Other short-term debt Program rating(P)P-2
    EMTN Programme Senior Non Preferred unsecured eurobonds(P)Baa3
    Junior Senior Unsecured (Domestic)Baa3
    Senior Unsecured (Foreign)A3 with stable outlook
    Long-term counterparty risk ratingA2
    Short-term counterparty risk ratingP-1
    Long-term counterparty risk assessmentA2(cr)
    Short-term counterparty risk assessmentP-1(cr)
    Baseline Credit Assessmentbaa2

     

  • Values of the Bank's and the Bank's Group's financial commitments with details of overdue liabilities as at 31 December 2023* in PLN million:

     

     BankBank’s Group
    Financial liabilities      422 801443 208
    -of which financial liabilities overdue13

    * The data are preliminary and have not been validated or audited; final data will be published in the Bank’s and Bank’s Group financial statements, which will be published on 7 March 2024.

     

    Forecasts concerning financial liabilities

     BankBank’s Group
     31.12.202431.12.2024
     Value (PLN bn)Share in total liabilities on the balance sheet*Value (PLN bn)Share in total liabilities on the balance sheet*
    Borrowings00%2,2260,49%
    Debt securities (including subordinated liabilities) 

    11,995

     
    2,80%24,6805,46%
    Leases1,0240,24%1,0780,24%
    Financial liabilities420,197n.a440,632n.a

    * total liabilities of the balance sheet is understood as total liabilities excluding equity

     

     BankBank’s Group
     28.02.202528.02.2025
     Value (PLN bn)Share in total liabilities on the balance sheet*Value (PLN bn)Share in total liabilities on the balance sheet*
    Borrowings00%2,1950,54%
    Debt securities (including subordinated liabilities)12,2642,87%25,2666,26%
    Leases1,0240,24%1,0780,27%
    Financial liabilities419,893n.a440,637n.a

    * total liabilities of the balance sheet is understood as total liabilities excluding equity

  • Debt securities issued by PKO Bank Polski S.A. Group (PLN million)

    Debt securities in issue

     31.12.202231.12.2021
    Measured at amortized cost:  
              covered bonds issued by PKO Bank Hipoteczny S.A. 12 05713 143
              bonds issued by PKO Bank Hipoteczny S.A. 1 2653 474
              bonds issued by PKO Bank Polski S.A. --
              bonds issued by PKO Finance AB -3 541
              bonds issued by the PKO Leasing S.A. Group 2 1883 642
              bonds issued by Kredobank S.A. -72
    Total 15 51023 872

    Debt securities in issue by maturity

     31.12.202231.12.2021
    Measured at amortized cost:  
             up to 1 month 2 6691 067
             from 1 month to 3 months 7911 820
             from 3 months to 1 year 2 8519 978
             from 1 year to 5 years 9 13810 946
             more than 5 years 6161
    Total 15 51023 872

    Source: Consolidated financial statements of the PKO Bank Polski S.A. Group for 2022