Current Report 

Drafted on:

23.11.2017

Current report No

68/2017

Abbreviated issuer’s name

mBank

Contents: 

The Management Board of mBank S.A. ("Bank") informs that in the administrative procedure conducted by the Polish Financial Supervision Authority ("PFSA") received on 23 November 2017 a decision in which PFSA asked the Financial Stability Committee to express its opinion on: (1) the imposition on mBank S.A. the other systemically important institution buffer, determined pursuant to art. 38 of the Act - in the amount equivalent to 0.75% of the total risk exposure amount, calculated in accordance with art. 92 paragraph 3 of the Regulation of the European Parliament and of the Council (EU) No. 575/2013 of 26 June 2013 on prudential requirements for credit institutions and investment firms, amending Regulation (EU) No. 648/2012 (OJ L 176 of 27 June 2013, with additional amendments) ("CRR"), and (2) repeal in full point 2 of decision of PFSA of 4 October 2016, in which PFSA identified mBank S.A. as the other systemically important institution and imposed on mBank both on an individual and consolidated basis, the other systemically important institution buffer, in the amount equivalent to 0.5% of the total risk exposure amount, calculated in accordance with art. 92 paragraph 3 of CRR. The final decision will be made after the position is taken by the authority from which the opinion is dependent.

President of the Management Board

Cezary Stypułkowski 23.11.2017