Note | Year ended 31 December | ||
---|---|---|---|
2017 | 2016 | ||
Interest income | 6 | 4,052,074 | 3,872,855 |
Interest expense | 6 | (916,414) | (1,040,012) |
Net interest income | 3,135,660 | 2,832,843 | |
Fee and commission income | 7 | 1,659,673 | 1,550,843 |
Fee and commission expense | 7 | (667,515) | (644,398) |
Net fee and commission income | 992,158 | 906,445 | |
Dividend income | 8 | 3,428 | 3,327 |
Net trading income, including: | 9 | 294,063 | 244,631 |
Foreign exchange result | 289,112 | 270,451 | |
Other net trading income and result on hedge accounting | 4,951 | (25,820) | |
Gains less losses from investment securities, investments in subsidiaries and associates, including: |
23 | (3,937) | 261,281 |
Gains less losses from investment securities | 9,982 | 261,482 | |
Gains less losses from investments in subsidiaries and associates | (13,919) | (201) | |
The share in the profits (losses) of joint ventures | – | (107) | |
Other operating income | 10 | 242,360 | 243,749 |
Net impairment losses on loans and advances | 13 | (507,721) | (365,394) |
Overhead costs | 11 | (1,818,949) | (1 739,643) |
Amortisation | 26, 27 | (224,219) | (223,641) |
Other operating expenses | 12 | (210,171) | (196,815) |
Operating profit | 1,902,672 | 1,966,676 | |
Taxes on the Group’s balance sheet items | (375,256) | (328,939) | |
Share in profits (losses) of entities under the equity method | 486 | – | |
Profit before income tax | 1,527,902 | 1,637,737 | |
Income tax expense | 14 | (432,832) | (415,513) |
Net profit | 1,095,070 | 1,222,224 | |
Net profit attributable to: | |||
– Owners of mBank S.A. | 1,091,530 | 1,219,282 | |
– Non-controlling interests | 3,540 | 2,942 | |
Net profit attributable to Owners of mBank S.A. | 1,091,530 | 1,219,282 | |
Weighted average number of ordinary shares | 15 | 42,290,313 | 42,252,790 |
Earnings per share (in PLN) | 15 | 25.81 | 28.86 |
Weighted average number of ordinary shares for diluted earnings | 15 | 42,313,383 | 42,280,286 |
Diluted earnings per share (in PLN) | 15 | 25.8 | 28.84 |