Legal basis: 

§ 17 Regulation (EU) No 596/2014 Of The European Parliament And Of The Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC

Contents: 

With reference to current report No. 21/2020 dated April 8, 2020, the Management Board of mBank S.A. informs about the impact of COVID-19 pandemic on the financial results of mBank Group.

The reduction of interest rates by the Monetary Policy Council by 140 basis points in total, announced on March 18, April 8 and May 28, 2020, will have a negative impact on mBank Group's net interest income. The impact is currently estimated in the range of PLN 250-300 million in 2020. The final impact may differ from the current estimation depending on the macro situation, business activity and volume development.