Report No. 14/2025

Legal basis:

Article 17.1 MAR Regulation

the Report:

The Management Board of PKO Bank Polski S.A. (the “Bank”) informs that May 12, 2025 has entered into a package of synthetic securitization agreements with Christofferson, Robb & Company operating through one of its investment entities (the “Investor”) executed on a portfolio of corporate loans with an aggregate nominal value of PLN 1,892.3 million as of February 28, 2025 (the “Transaction”).

As part of the Transaction, the Bank transferred to the Investor a significant part of the credit risk from the selected portfolio subject to securitization. The selected portfolio of securitized corporate loans remains on the Bank's balance sheet. The risk transfer of the securitized portfolio is carried out through a credit protection instrument in the form of a financial guarantee secured by a deposit placed with the Bank.

The estimated positive impact of the Transaction on the Common Equity Tier 1 Ratio (CET1) of the Bank’s Group is approximately 5 basis points in relation to the data reported at the end of 2024.

The Transaction meets the requirements for significant risk transfer set out in the CRR Regulation and has been structured as meeting the STS criteria (simple, transparent and standardised securitisation) in accordance with Regulation (EU) 2017/2404 as established by Regulation (EU) 2021/557 of the European Parliament and of the Council.

Santander Corporate & Investment Banking acted as sole arranger and lead manager of the Transaction.

This is the first agreement of its kind entered into by the Bank, opening up new opportunities for strategic capital management using securitization transactions.