Rymarz Zdort Maruta has advised Bank Polska Kasa Opieki and Pekao Bank Hipoteczny on the demerger of PBH, involving the spin-off of part of its business and its transfer to Bank Pekao.
According to Rymarz Zdort Maruta, the transaction required multiple regulatory and corporate approvals. Notably, Bank Pekao’s general meeting unanimously approved the demerger in September 2025, an uncommon outcome for a public company. As a result, PBH transferred to Bank Pekao a portfolio of loans, including mortgages that had at any time been classified as foreign-currency loans as well as selected PLN loans, together with a dedicated employee team and the assets needed to service the portfolio.
Bank Pekao, founded in 1929, is one of the largest financial institutions in CEE and Poland’s second-largest universal bank. PBH is one of five mortgage banks operating in Poland and is wholly owned by Bank Pekao.
The Rymarz Zdort Maruta team included Partners Adam Puchalski and Lukasz Gasinski, Counsel Szymon Cieniawski, and Associate Julia Kosiniak.
