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mBank Group's financial results and key ratios

PLN million

2018

2019

2020

2021

2022

2023

Total assets

145,781

158,353

178,861

198,373

209,892

226,981

Net loans and advances to customers

94,766

104,980

108,271

117,677

120,183

113,521

Amounts due to customers

98,552

113,184

133,672

157,072

174,131

185,467

Total equity

15,171

16,153

16,675

13,718

12,715

13,737

Net interest income

3,496

4,003

4,009

4,126

5,924

8,873

Net fee and commission income

1,258

1,271

1,508

1,868

2,120

1,916

Total income

5,080

5,524

5,867

6,111

7,857

10,802

Total costs (incl. amortisation)

-2,164

-2,329

-2,411

-2,457

-3,319

-3,074

Net impairment losses on loans and advances

-694

-794

-1,293

-879

-849

-1,106

Net profit attributable to owners of mBank S.A.

1,303

1,010

104

-1,179

-703

24

Net interest margin

2.58%

2.69%

2.33%

2.16%

3.71%

4.18%

Cost/Income ratio

42.6%

42.2%

41.1%

40.2%

42.2%

28.5%

Cost of risk

0.78%

0.79%

1.20%

0.76%

0.69%

0.93%

Return on Equity (ROE)

8.9%

6.4%

0.6%

-7.2%

-5.3%

0.2%

Return on Assets (ROA)

0.93%

0.66%

0.06%

-0.59%

-0.34%

0.01%

CET 1 ratio

17.5%

16.5%

17.0%

14.2%

13.8%

14.7%

Total Capital Ratio

20.7%

19.5%

19.9%

16.6%

16.4%

17.0%

Loan-to-Deposit ratio

96.2%

92.8%

81.0%

74.9%

69.0%

61.2%

NPL ratio

4.8%

4.5%

4.8%

3.9%

4.0%

4.2%

Coverage ratio

62.5%

60.7%

58.3%

53.1%

52.2%

54.7%

Employment (FTE)

6,524

6,771

6,688

6,738

7,014

7,319

 

mBank Group's key stock exchange figures

 

2018

2019

2020

2021

2022

2023

Number of shares, YE

42,336,982

42,350,367

42,367,040

42,384,884

42,433,495

42,465,167

Earnings per share (PLN)

 30.8

 23.9

 2.5

-27.8

-16.6

0.6

Book value per share (PLN)

358.3

381.4

393.5

323.6

299.6

323.5

P/E ratio

 13.8x

 16.3x

73.1x

n/a

n/a

944.0x

P/BV ratio

 1.2x

1.0x

 0.5x

1.3x

1.0x

1.7x

Share price at the year’s last trading session (PLN)

424.2

389.4

179.2

433.2

296.0

535.0