Costs of legal risk related to foreign currency loans

Contents:

1. REPORT

3. INFORMATION ABOUT THE ENTITY

4. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

            
 POLISH FINANCIAL SUPERVISION AUTHORITY 
             
   REPORT No16/2025   
             
 Date of issue:          
 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 March 27, 2025 by the Bank, the costs of legal risk related to loans indexed to foreign currencies recognized in Q1 2025, amounted to PLN 643,5 million. They result mainly from the update of the forecast of the number of court cases and costs of the settlement program as well as the update of other model parameters. The Bank informs that the estimated preliminary net result for Q1 2025 is positive. At the same time, the Bank informs that in Q1 2025, positive results in the core business were continued. mBank Group Tier 1 Capital Ratio and the Total Capital Ratio for Q1 2025 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. 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 first quarter 2025 and financial results will be disclosed in the financial statements for the first quarter 2025 due to be announced on April 30, 2025. 
             

INFORMATION ABOUT THE ENTITY >>>

 SIGNATURE OF PERSONS REPRESENTING THE COMPANY 
 DateNamePosition / FunctionSignature 
 2025-03-27Agata Cymcyk
Menedżerka Wydziału Nadzoru Inwestycyjnego, Departament Compliance		  
previous
next

search results