08.07.2020

Increase in the provision for legal risk related to the mortgage and housing loan portfolio in CHF

Current Report 

Drafted on:

07.07.2020

Current report No

42/2020

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: 

The Management Board of mBank S.A. ("Bank") informs that in connection with the decision taken on July 7, 2020 by the Bank, the provision for legal risk related to the indexation clauses in mortgage and housing loans indexed with the CHF rate, created in Q2 2020, amounts to PLN 189 million.

SIGNATURE OF THE PERSONS REPRESENTING THE COMPANY

Senior specialist for investment supervision, Compliance Department

Jakub Cygański 07.07.2020