Bank Pekao launches POLSTR mortgages as Mediobanca rates Bank Pekao stock

Published on 10/07/2026 at 10:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half net profit was PLN 2.75 billion versus PLN 3.29 billion a year earlier. Bank Pekao stock was EUR 62.81 on October 7, 2026 versus EUR 63.26.

Pekao, PLPEKAO00016, Illustration mit AI erstellt.

Bank Pekao (ISIN PLPEKAO00016) was trading at EUR 62.81 at Lang & Schwarz on October 7, 2026 at 10:10 a.m. CEST, down 0.71 percent versus the prior close of EUR 63.26. The bank launched POLSTR-linked mortgage products from October 1, 2026, while MarketScreener reported that Mediobanca gave Bank Pekao a Buy rating on September 14, 2026.

POLSTR mortgages broaden the offer

According to BANK.pl, the new mortgages use the POLSTR 1M compounded rate plus a fixed bank margin. The offer covers residential, construction-residential and family mortgages, and follows earlier POLSTR products for business customers.

The product change matters because it shifts the reference rate used in new lending agreements. It also gives Pekao another way to adapt its retail and small-business loan portfolio to Poland's benchmark reform.

Profit fell in the first half

Parkiet reported on October 7, 2026 that Pekao ended the first half of 2026 with net profit of PLN 2.75 billion, down from PLN 3.29 billion in the first half of 2025. The same report said the bank paid PLN 19.77 per share in dividends in 2026, totaling PLN 5.19 billion.

The earnings comparison gives the mortgage launch a wider context. New lending products may support customer acquisition, but the first-half profit decline shows why margin discipline and funding costs remain important for the bank's earnings profile.

Stock remains below its prior close

The Warsaw Stock Exchange quote was PLN 275.10 at 10:01 a.m. CEST on October 7, 2026, while the 52-week range stood at PLN 181.55 to PLN 285.90. Market capitalization was PLN 72.2 billion on the same date.

At Lang & Schwarz, Pekao stock was trading at EUR 62.81 on October 7, 2026 at 10:10 a.m. CEST, down 0.71 percent versus the Lang & Schwarz prior close of EUR 63.26 on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Bank Pekao stock.