13.03.2017

The individual recommendation of the Polish Financial Supervision Authority concerning dividend for the year 2016

Current Report 

Drafted on:

13.03.2017

Current report No

12/2017

Abbreviated issuer’s name

mBank

Contents: 

The Management Board of mBank S.A. (”Bank") informs that on March 13, 2017 the Bank received a letter from the Polish Financial Supervision Authority with individual recommendation to increase own funds by retaining total net profit generated by the Bank between January 1, 2016 and December 31, 2016.

 

 

In light of this recommendation, the Management Board of the Bank informs that on March 1, 2017, the Management Board and the Supervisory Board recommended the XXX Ordinary General Meeting of mBank S.A. convened for 30 March 2017 to adopt a resolution, according to which the net profit generated by the Bank in 2016 in the amount of PLN 1,219,339,249.57 will be allocated as follows: PLN 20,000,000.00 for the general banking risk reserve, and the remaining part of profit in the amount of 1,199,339,249.57 will be left undivided.

 

SIGNATURE OF THE PERSONS REPRESENTING THE COMPANY

Vice-President of the Management Board

Christoph Heins 13.03.2017