29.09.2023
Contents:

1. REPORT

3. INFORMATION ABOUT THE ENTITY

4. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

POLISH FINANCIAL SUPERVISION AUTHORITY
REPORT No 63 / 2023
Date of issue: 2023-09-29
Short name of the issuer
mBank S.A.
Subject
Costs of legal risk related to foreign currency loans
Official market - legal basis
Art. 17 ust. 1 MAR - informacje poufne.
Contents of the report:
Costs of legal risk related to foreign currency loans The Management Board of mBank S.A. ("Bank") informs that in connection with the decision taken on September 29, 2023 by the Bank, the costs of legal risk related to foreign currency loans in CHF recognized in Q3 2023, amounted to PLN 1,061 million. These costs result mainly from the updates to the expected distribution of court judgements, estimated cost of the settlement program, as well as amendments of other model and market parameters. The Bank informs that the estimated preliminary net result for Q3 2023 will be negative, while the gross result will be positive. At the same time, the Bank informs that in Q3 2023, positive results in the core business continued. Assuming no other negative unforeseen events, the expected gross result for 9 months of 2023 will be positive and the net result will be close to zero. The mBank Group Tier 1 Capital Ratio and the Total Capital Ratio for Q3 2023 are expected to be at similar levels to those reported for Q2 2023. The current capital requirements for mBank Group are 10.0% for the Tier 1 Capital Ratio and 12.3% for the Total Capital Ratio. The surpluses above the capital requirements for Q3 2023 are expected to be at or around the levels reported for Q2 2023. The liquidity ratios exceed the regulatory requirements.

INFORMATION ABOUT THE ENTITY    >>>

SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date Name Position / Function Signature
2023-09-29 Marek Lusztyn Wiceprezes Zarządu