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mBank​​ Hipoteczny

Covered bonds register.
Automating bank’s covered bonds registration


Who have we helped?

mBank Hipoteczny is a part of mBank Group, the fourth banking group in Poland in terms of assets. The Bank plays a strategic role in the group by securing stable, long-term, and affordable funding for loans backed by real estate. To this end, they issue covered bonds both on domestic and foreign capital markets.


What was the project about?

mBank keeps a covered bonds register which is an important part of bearers debt security system in Poland. Mortgage covered bonds are secured by covered pool of both of residential mortgage loans and commercial real estate loans. There is also the public sector covered bonds register secured by cover pool of claims related to loans for the public sector. This is the way mBank raises long-term funding for the mBank Group to refinance real estate lending. Since this system was really complex and demanded extra care regarding its maintenance, mBank approached Altkom to develop a solution ensuring the efficient operation of the system together with 24-fold increase in the number of receivables. Another challenge was to limit operational risks for the bank related to the manual performance of activities by process automation.

ABOUT challenge

What was the challenge?

  • Ensuring the efficient operation of the system with a 24-fold increase in the number of receivables;
  • To limit operational risks for the bank related to the manual performance of activities.

What have we done?


What results did we get?

Development of a system for service of the covered bond collateral registry. The system is based entirely on available technological solutions, such as: Java 8, HTML 5 and CSS 3 Angular and the Oracle database. It allows you to view and quickly adapt to new business needs.


Processes optimisation within extended data volume without extra staff.


20% time improvement in acceleration of the mortgage bond registration


Improvement of the process inspection: constant examination of each stage.


What technologies have we used?






app dev

Altkom’s team was communicative during development, prompt in finding solutions after deployment, and collaborative in order to help produce the best product possible. They were agreeable and efficient in their approach and testing, and offered the latest technologies as well.

Tomasz Sobczym