28.03.2014

mBank: The confirmation of the mBank’s rating by Fitch and the change of Bank’s long-term rating prospects from stable to negative


Current Report 

Drafted on:

28 March 2014

Current report No

23/2014

Abbreviated issuer’s name

mBank

Legal basis

Article 56 section 1 item 2 of the Act on Public Offering - current and periodic information

Contents: 

The Management Board of mBank S.A. informs that on 27 March 2014 Fitch Rating confirmed: 1. mBank’s long-term foreign currency Issuer Default Rating at the “A” level with the change from stable prospect to negative, 2 mBank’s short-term foreign currency IDR at the “F1” rating, 3. support rating at “1” level. Viability rating remains unchanged at ‘bbb-'. The agency also confirmed the ratings for the unsecured debt - senior unsecured debt - at: "A" (long-term rating) and "F1" (short-term rating) and the rating of unsecured bonds issued by mFinance France at "A" (long-term). The change in mBank’s rating prospects results from the change of Commerzbank’s long-term rating prospects from stable to negative, which is the consequence of Fitch’s global review of country’s support for European banks. Commerzbank was in the group of 18 European commercial banks, which experienced the decrease in rating prospects to negative by Fitch on 26 March.

SIGNATURES OF THE PERSONS REPRESENTING THE COMPANY

Deputy Director of Compliance Department

Maciej Mołdawa 28 March 2014 

Information on the entity:

Abbreviated issuer’s name:

mBank

Full issuer’s name:

mBank SA

Sector according to Warsaw Stock Exchange (WSE) classification:

Banks (ban)

Address:

SENATORSKA 18, 00-950 WARSZAWA

Phone No:

829-00-00

Fax:

829-00-33

e-mail:

 

WWW

www.mbank.pl

NIP (Tax identification number):

526-021-50-88

Statistical identification number (REGON):

001254524