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While determining the financial targets for the years 2016-2020, mBank took an ambitious approach regarding cost effectiveness as well as returns on equity and assets. Moreover, mBank’s intention is to pay dividend of at least 50% of profits every year, subject to the expectations of the Polish Financial Supervision Authority in this respect, as well as to strengthen its funding base.
The table below presents mBank Group’s financial aspirations and their achievement:
| Financial measure | Target point | Comment on achievement |
|---|---|---|
| Cost efficiency, Costs/Income (C/I) |
Top 3 in Poland, each year i.e. to be one of the three most cost-efficient banks listed in Poland |
|
| Return on Equity, Net ROE |
Top 3 in Poland, each year i.e. to be among the three most profitable banks listed in Poland from the standpoint of ROE adjusted for dividend distribution |
|
| Return on Assets, Net ROA |
Top 3 in Poland, in 2020 i.e. to be one of the three banks listed in Poland with the highest return on assets |
|
| Capital position, capital adequacy in terms of core capital CET1 | Maintain the ability to pay out dividend in terms of CET1 ratio, each year – maintain the CET1 ratio at least 1.5 pp. above the capital requirement for mBank |
|
| Financial stability, Loans/Deposits ratio (L/D) |
Maintain an L/D ratio of no more than slightly above 100%, every year |
|