Current Report 

Drafted on:

26.02.2019

Current report No

08/2019

Abbreviated issuer’s name

mBank

Contents: 

The Management Board of mBank S.A. ("Bank") informs that the Bank received from the Polish Financial Supervision Authority ("PFSA") a recommendation dated February 25, 2019 to increase own funds by retaining by the Bank the entire net profit generated between January 1 and December 31, 2018.

In its recommendation the PFSA confirmed, that as of December 31, 2018, in terms of the basic criteria of the dividend policy of commercial banks, the Bank met the requirements for dividend payment in the amount of 75% of the net profit generated between January 1 and December 31, 2018. After applying additional criteria related to a significant portfolio of foreign currency housing loans for households held by the Bank, the dividend payout ratio was adjusted by 80 pp. Consequently, the dividend payout ratio after application of the additional criteria amounts to 0%.

Director of the Compliance Department

Andrzej Jakubiak 26.02.2019