Current Report 

Drafted on:

10.26.2014

Current report No

100/2014

Abbreviated issuer’s name

mBank

Contents: 

The Management Board of mBankS.A. announces the results of asset quality review (AQR) and stress tests of mBank Group.

The results of stress tests announced by the Polish Financial Supervision Authority (KNF) in accordance with the methodology adopted by the European Central Bank showed that the Common Equity Tier 1 Ratio for mBank Group reached 11.08 per cent given a minimum level in the EU of 5.5 per cent for the adverse scenario and 12.41 per cent given a minimum level of 8 per cent in the baseline scenario.

The asset quality review conducted in the past several months by European supervision authorities covered an in-depth and comprehensive analysis of the most important balance sheet items. The review was conducted in order to verify whether the valuation of the examined assets is properly reflected in financial reports of banks and the level of set-up provisions is adequate. Moreover, stress-tests examined the resistance of capital ratios of banks to stress-test scenarios in the following three years (2014-2016).

As a result of the asset quality review and stress-tests the Bank sustains its previous financial forecasts for 2014.

President of the Management Board

Cezary Stypułkowski 26.10.2014