14.06.2023
Contents:

1. REPORT

3. INFORMATION ABOUT THE ENTITY

4. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

POLISH FINANCIAL SUPERVISION AUTHORITY
REPORT No 48 / 2023
Date of issue: 2023-06-14
Short name of the issuer
mBank S.A.
Subject
Decision of Polish Financial Supervision Authority on the decrease of the additional capital requirement related to risk of foreign currency mortgage loans for households on the consolidated basis
Official market - legal basis
Art. 17 ust. 1 MAR - informacje poufne.
Contents of the report:
Decision of Polish Financial Supervision Authority on the decrease of the additional capital requirement related to risk of foreign currency mortgage loans for households on the consolidated basis The Management Board of mBank S.A. (“Bank") informs that on 14 June 2023, the Bank received the decision of the Polish Financial Supervision Authority (“PFSA") dated 14 June 2023 concerning the change of the decision of PFSA regarding the level of the additional own funds requirement at the consolidated level above 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 requires the Bank to maintain on the consolidated basis own funds for covering the additional capital requirement related to risk of foreign currency mortgage loans for households at 1.18 p.p. above 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 0.89 p.p. above 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 56.25% by Common Equity Tier 1 capital (which corresponds to a capital requirement of 0.66 p.p. above the Common Equity Tier 1 capital ratio calculated in accordance with Article 92 item 1 letter a of the Regulation no 575/2013). Previously, in accordance with the PFSA's decision of 30 December 2022, the Bank on the consolidated basis maintained own funds for covering the additional capital requirement related to risk of foreign currency mortgage loans for households at 1.76 p.p. which consisted of at least 75% of Tier 1 capital (equivalent to 1.32 p.p.) and at least of 56.25% of Common Equity Tier 1 capital (equivalent to 0.99 p.p.). The Bank informed about these requirements in the current report no 68/2022 dated 30 December 2022. The decision of the PFSA translates into the decrease of the additional capital requirement related to risk of foreign currency mortgage loans for households on the consolidated basis by 0.58 p.p. for TCR and by 0.43 p.p. for the Tier 1 capital ratio. 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.

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SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date Name Position / Function Signature
2023-06-14 Maciej Mołdawa Wicedyrektor Departmentu Compliance