Keywords
mortgage market, green mortgage, green residential property, housing market
Abstract
The green mortgage market in Poland has received limited research attention. Therefore, this article aims to present the specifics of the green mortgage market in Poland. To thoroughly investigate the issue, in-depth interviews were conducted with 12 banking sector representatives, each with varying experience and professional roles. The study’s findings revealed that there is no formal definition of green mortgages, which hinders both banks and their customers. Currently, green mortgages are rarely granted due to their limited economic benefit to borrowers and the small number of residential properties that qualify. For banks, green mortgages present an opportunity to expand their customer base, reduce credit risk, and decarbonise their mortgage portfolios. However, offering them involves higher costs. Finally, the study highlights implications for policymakers.
Acknowledgments
Funding
The publication presents the results of the Project financed from the subsidy granted to the Krakow University of Economics.
Declaration of Conflicting Interests
The authors declared no potential conflicts of interest with respect to the research, authorship, and publication of the article.
Declaration about the scope of AI utilization
The authors did not use an AI tool in the preparation of the article.
Recommended Citation
Tomal, M., & Gorlecka-Łabiak, E. (2026). The Specifics of Green Mortgages: A Case Study of Poland. Journal of Banking and Financial Economics, 2026(1), 68-78. https://doi.org/10.7172/2353-6845.jbfe.2026.1.5
First Page
68
Last Page
78
Page Count
11
Received Date
27.01.2026
Revised Date
20.05.2026
Accept Date
22.06.2026
Online Available Date
10.07.2026
DOI
10.7172/2353-6845.jbfe.2026.1.5
JEL Code
G21, Q56, R31
Publisher
University of Warsaw
