30.09.2024
Contents:

1. REPORT

3. INFORMATION ABOUT THE ENTITY

4. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

POLISH FINANCIAL SUPERVISION AUTHORITY
REPORT No 53 / 2024
Date of issue: 2024-09-30
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 30, 2024 by the Bank, the costs of legal risk related to loans indexed to foreign currencies recognized in Q3 2024, amounted to PLN 952,8 million. They result mainly from the update of expected costs of the settlement program, updates to the forecast of the number of court cases and updates to the market parameters included in the model. The Bank informs that the estimated preliminary net result for Q3 2024 is positive. At the same time, the Bank informs that in Q3 2024, positive results in the core business were continued. mBank Group Tier 1 Capital Ratio and the Total Capital Ratio for Q3 2024 are expected to be considerably higher than the required level which for mBank Group amount to 9.1% for the Tier 1 capital ratio and 11.1% for the Total Capital Ratio. It is expected that surpluses above the capital requirements for Q3 2024 will reach above 4.0 p.p. over Tier 1 Capital Ratio and approximately 4.0 p.p over Total Capital Ratio. The liquidity ratios significantly exceed the regulatory requirements. The final value of costs of legal risk related to loans indexed to foreign currencies in the third quarter 2024 and financial results will be disclosed in the financial statements for the third quarter 2024 due to be announced on October 31, 2024.

INFORMATION ABOUT THE ENTITY    >>>

SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date Name Position / Function Signature
2024-09-30 Marek Lusztyn Wiceprezes Zarządu Banku