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EMTN

Bond issues 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.

    Rating agency Moody's Investors Service on 27 February 2025 announced that it had upgraded the rating of the Senior Unsecured Non Preferred bonds and the rating of the EMTN programme of these bonds, to Baa2 and (P)Baa2 respectively, and about maintaining all ratings for PKO Bank Polski S.A. 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 (P)P-2
    EMTN Programme Senior Non Preferred unsecured eurobonds(P)Baa2
    Junior Senior Unsecured (Domestic)Baa2
    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 Group financial commitments with details of overdue liabilities as at 31 March 2025 in PLN million:

     

     31.03.2025
    Financial liabilities461 111
    -of which financial liabilities overdue2

     

     

    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

     

     BankBank’s Group
     31.12.202531.12.2025
     Value (PLN mln)Share in total liabilities on the balance sheet*Value (PLN mln)Share in total liabilities on the balance sheet*
    Borrowings00%1 594,810,31%
    Debt securities (including subordinated liabilities)22 931,894,63%36 606,787,07%
    Leases1 054,710,21%1 095,250,21%
    Financial liabilities485 645,2798,02%505 178,2197,62%

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