Specyfika działania banków hipotecznych w Polsce
Mortgage Bank Activity in Poland

Summary/Abstract: This article characterises mortgage banks, the primary functions of which are the provision of long-term mortgage credit and covering the costs of credit activities by issuing covered bonds. Mortgage banks issue covered bonds with a warranty of own fortune as a means of raising capital, which is then lent on security to investors. Mortgage banks have made their way in the Polish banking system by contributing to the development of the Polish real estate market by financing commercial and housing investment projects by developers and municipal units. The specialisation of mortgage banks in combination with the growing investment needs of the Polish building sector will compel them to increase the range of their activity.

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