We are pleased to announce that we advised mBank Hipoteczny (mBH) and mBank in their transaction to spin off a part of mBH’s business and transfer it to mBank. This was the first demerger of a mortgage bank in Poland.
We advised both banks on regulatory and corporate matters. As a result of the transaction, mBH transferred to mBank a portfolio of active mortgages, mainly those financing commercial real estate, and a team of top-class specialists.
mBH is the longest-operating mortgage bank in Poland and a long-standing issuer of mortgage bonds. It is part of the mBank Group.
mBank is one of the strongest and fastest growing financial brands in Poland, and has been listed on the Warsaw Stock Exchange since 1992.
“ Once again we are delighted to have had the opportunity to support the mBank Group in complex corporate and regulatory matters,” says Katarzyna Łukaszewicz, a partner at Rymarz Zdort Maruta.
The transactional team consisted of dr hab. Łukasz Gasiński (partner in charge of the regulatory practice), Katarzyna Łukaszewicz (partner), Anna Aranowska (associate), Szymon Cieniawski (senior associate) and Adam Drgas (associate).