17.01.2025
Contents:

1. REPORT

3. INFORMATION ABOUT THE ENTITY

4. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

POLISH FINANCIAL SUPERVISION AUTHORITY
REPORT No 1 / 2025
Date of issue: 2025-01-17
Short name of the issuer
mBank S.A.
Subject
mBank Group net profit for 2024 will be around PLN 2.2bln
Official market - legal basis
Art. 17 ust. 1 MAR - informacje poufne.
Contents of the report:
mBank Group net profit for 2024 will be around PLN 2.2bln The Management Board of mBank S.A. ("Bank") informs that mBank Group net profit for 2024 will be around PLN 2.2 billion. The positive results in the core business were continued in the fourth quarter. They were also impacted by extraordinary items which in aggregate had a positive impact on net profit. The positive impact of the recognition of a deferred tax asset, which was carried out by the Bank in Q4 2024, on mBank Group’s net profit, amounted to approximately PLN 390 million. The recognition of the deferred tax asset is a consequence of a change in the methodology for measuring the tax effects of invalidating mortgage loan agreements indexed to a foreign currency (mainly CHF) in connection with court judgments, and the ongoing settlement program addressed to clients with foreign currency loans in CHF due to the extension of the validity of the regulation of the Minister of Finance introducing the cessation of collection of corporate income tax in 2025 and 2026. The Bank recognized additional costs of legal risk related to foreign currency loans beyond those detailed in current report no 63/2024 dated 30 December 2024. The impact of the additional costs on Q4 2024 mBank Group net profit amounted to PLN -25 million. mBank Group Tier 1 Capital Ratio and the Total Capital Ratio for Q4 2024 are considerably higher than the required levels, which for mBank Group amount to 9.1% for the Tier 1 Capital Ratio and 11.1% for the Total Capital Ratio. The liquidity ratios significantly exceed the regulatory requirements. The unaudited financial results of mBank Group for the fourth quarter of 2024 will be disclosed in the form of a current report due to be announced on 6 February 2025.

INFORMATION ABOUT THE ENTITY    >>>

SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date Name Position / Function Signature
2025-01-17 Agata Cymcyk Menadżerka kierująca Wydziałem Nadzoru Inwestycyjnego, Departament Compliance