mBank closes Q3 2018 with record-high core income with a focus on organic growth and business expansion.
The main factors determining the performance of mBank Group in Q3 2018 included:
At the end of September 2018, net loans and advances to clients amounted to PLN 91.3 billion, which represents a PLN 1.7 billion increase (+1.9%) compared with the end of September 2018. Net of reverse repo/buy-sell-back transactions and the FX effect, loans and advances grew by 2.5%.Amounts due to clients rose by PLN 4.6 billion (+4.7%) quarter on quarter to PLN 102.4 billion (amounts due to corporate clients and individuals went up by PLN 3.0 billion and PLN 1.8 billion respectively). Consequently, mBank Group’s loan to deposit ratio reached 89.1%.
Impact of Q3 2018 performance on return on equity and return on assets:
The capital ratios reported by mBank Group rose slightly in Q3 2018 amid an increase in own funds (resulting from the inclusion of 50% of H1 2018 profit). As at the end of September 2018, mBank Group’s Total Capital Ratio stood at 20.2% and the Common Equity Tier 1 ratio at 17.3%.