Current Report 

Drafted on:

03.02.2021

Current report No

4/2021

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: 

Management Board of mBank S.A. (The “Bank”) informs that in connection with the decision taken on February 3 2021 by the Bank, the provision created in the Q4 2020 is higher than the initial amount stated in the current report number 3/2021 dated January 19 2021 and as a consequence the result on provisions for legal risk related to foreign currency loans in Q4 2020 will amount to minus PLN 633 million. In relation with the increase in the provisions resulting from the analysis of the most recent data, the Bank expects a negative net result in Q4 2020, but a positive result for the entire year 2020. Detailed information will be provided in “Selected non-audited consolidated financial information for the Q4 2020” on February 9 2021.

Vice-director for investment supervision, Compliance Department

Maciej Mołdawa 03.02.2021