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Financial highlights

Interim reports 2021
Annual reports 2020

2020 report - xhtml format

Interim reports 2020
Annual reports 2019
Interim reports 2019

Programme of covered bond issues

Important information

Prior to obtaining access to the information placed on this website please read carefully the following information. By selecting the option “I agree” below you confirm that you have read the following information and agree to the restrictions as stated herein.

  1. These materials are not an offer of securities for sale in the United States. The securities to which these materials relate have not been registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. There will be no public offering of the securities in the United States.
  2. The securities are not offered in Poland in a public offering within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC, which would require preparing and publishing a prospectus.
  3. These documents are being distributed to and are only directed at (i) persons who are outside the United Kingdom, (ii) to investment professionals falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), (iii) high net worth companies, and (iv) other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i) to (iv) above together being referred to as “relevant persons”). Any invitation, offer or agreement to subscribe, purchase or otherwise acquire securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
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Base Prospectus dated 5 September 2019

Base Prospectus dated 2 December 2021

Series 1 Mortgage Covered Bonds

Final terms


Green Covered Bonds

By taking part in Group’s long term strategy, ING Bank Hipoteczny prepared Green Covered Bond Framework – document which presents our commitment to investors in terms of use of proceeds related to covered bonds issuance. In line with this document proceeds from issuance will be used to finance or re-finance real estates which belong to top 15% most energy efficient buildings in Poland (for additional information please see Green Covered Bonds Framework).


Find out more




Covered Bonds


Long-term Issuer Rating


Short-term Issuer Rating


Long-term Counterparty Risk


Short-term Counterparty Risk




LT/ST Credit Risk Assesment

A2 (cr) / P-1 (cr)

Rating scale according to Moody’s Investors Service methodology (descending):
Aaa, Aa, A, Baa, Ba, B, Caa, Ca, C – for Covered Bonds, LT Issuer Rating and LT Credit Risk Assessment
P-1, P-2, P-3, NP – for ST Issuer and Counterparty Risk Rating and ST Credit Risk Assessment
1, 2, 3 – numerical modifiers (to each rating classification from Aa through Caa)
Recent rating update: 9th Decemeber 2020


Actual Moody’s rating agency reports:


For investors

Michał Dumicz
+48 32 356 2900