28.12.2022
Contents:

1. REPORT

3. INFORMATION ABOUT THE ENTITY

4. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

POLISH FINANCIAL SUPERVISION AUTHORITY
REPORT No 67 / 2022
Date of issue:
Short name of the issuer
mBank S.A.
Subject
Decision of Polish Financial Supervision Authority concerning the recommendation for mBank S.A. to maintain an additional capital requirement related to FX mortgage loan portfolio
Official market - legal basis
Art. 17 ust. 1 MAR - informacje poufne.
Contents of the report:
Decision of Polish Financial Supervision Authority concerning the recommendation for mBank S.A. to maintain an additional capital requirement related to FX mortgage loan portfolio The Management Board of mBank S.A. (“Bank") informs that on 28 December 2022, the Bank received the decision of the Polish Financial Supervision Authority (“PFSA") dated 27 December 2022 concerning the level of the additional own funds requirement over the amount calculated in accordance with the detailed rules defined in 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 and amending Regulation (EU) No. 648/2012 (“Regulation no 575/2013). The PFSA recommended the Bank to maintain on the individual basis own funds for covering the additional capital requirement related to risk of foreign currency mortgage loans for households at 2.03 p.p. over the amount of the total capital ratio (TCR) calculated in accordance with article 92 item 1 letter c of the Regulation no 575/2013, which should be covered at least in 75% by Tier 1 capital (which corresponds to the capital requirement of 1.52 p.p. over the Tier 1 capital ratio calculated in accordance with Article 92 item 1 letter b of the Regulation no 575/2013) and at least in 56% by Common Equity Tier 1 capital (which corresponds to a capital requirement of 1.14 p.p. over the Common Equity Tier 1 capital ratio calculated in accordance with Article 92 item 1 letter a of the Regulation no 575/2013). This decision, based on the article 11.2 item 21 of the Banking Law, has the power of a final administrative decision and is immediately in force. Previously the Bank on the individual basis maintained own funds for covering the additional capital requirement related to risk of foreign currency mortgage loans for households at 2.45 p.p. which consisted of at least 75% of Tier 1 capital (equivalent to 1.83 p.p.) and at least of 56% of Common Equity Tier 1 capital (equivalent to 1.37 p.p.). The Bank informed about these requirements in the current report no 55/2021 dated 2 November 2021. At the date of this current report, the Bank fulfils the PFSA requirements related to the minimum capital adequacy ratios on both the individual and consolidated levels.

INFORMATION ABOUT THE ENTITY    >>>

SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date Name Position / Function Signature
2022-12-28 Maciej Mołdawa Wicedyrektor Departmentu Compliance