mBank and PGGM's Innovative Collaboration for Sustainability
Recently, two financial powerhouses, mBank and PGGM, announced a groundbreaking credit risk sharing transaction associated with a portfolio valued at PLN 3.8 billion. This noteworthy deal, primarily related to corporate loans in Poland, highlights the rising focus on renewable energy sources. A stunning 75% of this portfolio is concentrated on financing renewable energy projects, including wind farms and photovoltaic installations.
Structural Details of the Transaction
This transaction marks a significant milestone as it becomes the first major project finance significant risk transfer (SRT) deal emerging from the Central and Eastern European (CEE) region. Furthermore, it stands as the third collaboration between mBank and PGGM within just three years, demonstrating a solidifying partnership in the realm of sustainable finance.
Strategies for a Sustainable Future
The collaboration perfectly aligns with mBank's recently unveiled strategy for 2026-2030, titled "Full Speed Ahead!" This ambitious plan aims for the bank to allocate 15% of its corporate credit portfolio toward sustainable financial solutions by the year 2030. The firm is ardently committed to supporting the energy transition within the Polish economy, which reflects its proactive role in fostering sustainability.
Impact on PGGM and PFZW
For PGGM and its primary investor, PFZW, this initiative transcends mere finance; it embodies an opportunity to drive the energy transition across Central and Eastern Europe. Their commitment to the Sustainable Development Goals is tangible, reaffirmed by their 3D investment approach, which emphasizes sustainability and strategic partnerships.
Risk Management and Compliance
The structured nature of this transaction adheres to the regulatory standards set forth by the European Union, specifically those governing significant risk transfer. By keeping in line with capital relief requirements, both entities ensure that they operate within a compliant and secure framework.
Testimonies from the Leaders
Luca Paonessa, the Lead Portfolio Manager for Credit Risk Sharing at PGGM, expressed enthusiasm about this collaboration. He highlighted its strong focus on sustainability and energy transition, noting that this transaction reinforces PGGM's investment principles and emphasizes the pivotal role banks have in facilitating the energy transition.
Comments from mBank’s Leadership
Karol Pra?mo, mBank's Managing Director of Treasury and Investor Relations, shared his pride in writing a historical chapter in SRT market history alongside PGGM. He emphasized how this project solidifies mBank’s position in the renewables sector while further supporting Poland’s energy transition.
Understanding mBank's Position in the Financial Sector
Founded in 1986, mBank has established itself as Poland's fifth largest universal banking group based on total assets. By serving approximately 4.7 million retail clients and nearly 37 thousand corporate customers, mBank provides a comprehensive array of services—ranging from retail and corporate banking to investment and wealth management. With a strategic shareholder stake of 69% owned by Commerzbank, mBank continues to play a vital role in shaping Poland's financial landscape.
Delving into PGGM Investment Management
PGGM Investment Management represents a Dutch not-for-profit pension fund service provider dedicated to sustainable investing. It manages the pension capital of approximately three million participants through PFZW, the pension scheme designed for the Dutch health and welfare sector. As of late September 2025, PGGM IM has successfully overseen EUR 255 billion across public and private markets globally, showcasing its commitment to responsible investing.
CONTACT INFORMATION
For inquiries, you can reach out to:
Piotr Rutkowski, mBank's Spokesperson
mBank
+48 510 029 169
piotr.rutkowski@mbank.pl
Frequently Asked Questions
What is the significance of the PLN 3.8 billion transaction?
This transaction marks a pivotal moment for both mBank and PGGM, reinforcing their commitment to renewable energy financing.
How does this project align with mBank’s future strategies?
It supports mBank's goal of allocating 15% of its corporate credit portfolio to sustainable finance by 2030.
What sectors benefit from this financing?
The focus is primarily on renewable energy sources, such as wind and solar projects, along with health care and telecommunications.
Who are the key players in this transaction?
The major players are mBank and PGGM, alongside its end investor PFZW, who aim to drive the energy transition.
What does PGGM’s investment approach entail?
PGGM follows a 3D investment approach focusing on risk, return, and sustainability, emphasizing long-term, responsible investing.
