Current Report 

Drafted on:

17.06.2015

Current report No

42/2015

Abbreviated issuer’s name

mBank

Contents: 

The Management Board of mBank S.A. informs that it has taken a decision to adjust mBank Group IFRS Condensed Consolidated Financial Statements for the first quarter of 2015 due to recommendation received from Polish Financial Supervision Authority (PFSA) in the letter dated 30 April 2015 and further KNF explanations received on 17 June 2015 requesting the Bank to bring its financial reporting in line with the approach recommended by the KNF and to ensure comparability with Polish banking sector in respect of recognition of fees and contributions to the Bank Guarantee Fund (BFG).

In the Condensed Consolidated Financial Statements for the first quarter of 2015 published on 29 April 2015 all of the fees and contributions to the BFG as well as related income for the year 2015 were recognized in full amount in the profit and loss account for the first quarter in accordance with the Interpretation 21 Levies issued by the International Financial Reporting Standard Interpretations Committee and approved by the European Union.

In the adjusted Condensed Consolidated Financial Statements for the first quarter of 2015 an approach of recognition on accrual basis throughout the year will be applied to all of the fees and contributions to the BFG as well as related income for the year 2015.

The adjustment will result among others in increase of the mBank Group consolidated net profit and consolidated equity of PLN 69.945 thousand as well as mBank stand-alone net profit and equity of PLN 71.521 thousand as it was presented in the explanatory note 2.34 in the Condensed Consolidated Financial Statements for the first quarter of 2015 published on 29 April 2015.

The adjusted Condensed Consolidated Financial Statements for the first quarter of 2015 will be published on 22 June 2015.

President of the Management Board

Cezary Stypułkowski 06.17.2015