21.02.2024
Contents:

1. REPORT

3. INFORMATION ABOUT THE ENTITY

4. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

POLISH FINANCIAL SUPERVISION AUTHORITY
REPORT No 3 / 2024
Date of issue:
Short name of the issuer
mBank S.A.
Subject
Individual recommendation of the Polish Financial Supervision Authority regarding dividend policy
Official market - legal basis
Art. 17 ust. 1 MAR - informacje poufne.
Contents of the report:
Individual recommendation of the Polish Financial Supervision Authority regarding dividend policy The Management Board of mBank S.A. ("Bank") informs that on 21 February 2024 it received the recommendation from the Polish Financial Supervision Authority ("PFSA") in which the PFSA confirmed that the Bank fulfils the criteria for the payment of dividend up to 75% of the profit for 2023, however the maximum amount of payment may not exceed the amount of the annual profit less the profit generated in 2023 already included in own funds. According to the current report no 2/2024 dated 8 February 2024 the non-audited mBank net profit for 2023 amounted to PLN 29.3 million at standalone level and PLN 24.1 million at the consolidated level. mBank has included in its own funds the net profit, achieved in the first quarter of 2023, in the amount of PLN 158.7 million at standalone level and PLN 142.7 million at consolidated level. PFSA also recommends that the Bank should limit the risk occurring in its activity by not conducting any other activities, in particular those beyond the scope of current business and operating activities, which may result in a reduction of own funds, including possible dividend payments from undistributed profits from previous years and buybacks or buyouts of own shares, without prior consultation with the supervisory authority. As stated in current reports no 48/2022 dated 27 September 2022 and 49/2022 dated 28 September 2022, due to additional costs of legal risk related to foreign currency mortgage loans as well as credit holidays, Management Board adopted and Supervisory Board accepted amended Capital Management Policy of mBank, assuming no dividend payout from the profit earned by mBank S.A. in 2023.

INFORMATION ABOUT THE ENTITY    >>>

SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date Name Position / Function Signature
2024-02-21 Agata Paluch Menedżer kierujący Wydziałem Nadzoru Inwestycyjnego Departamentu Compliance