mBank posts record year with net profit of PLN 3.5 billion

The past year saw a marked acceleration in business across key segments. Net loans increased by 9.7% YoY. In Retail Banking, growth reached 11.2% YoY, driven by record mortgage origination (PLN 14.7 billion) and non-mortgage lending (PLN 13.7 billion).  Deposits rose by 14.1% compared with 2024. In Corporate Banking, the loan portfolio rose by 7.1% YoY.

Strong performance was underpinned by a prudent risk policy. The cost of risk stood at 58 basis points. At the same time, the bank continued to reduce the legal risk posed by foreign currency mortgage portfolio, with associated costs falling to PLN 2.0 billion (-52.6% YoY). Since the launch of the settlement programme in Q4 2022, more than 32,000 settlements have been signed with clients. By the end of 2025, the number of active foreign currency mortgage agreements had dropped below 6,000, representing a reduction of around 93% compared with the initial level.

Last year, mBank carried out Poland's first public issue of EUR 400 million worth of Tier 2 bonds denominated in euros. It also completed its fifth synthetic securitisation, marking the first large‑scale significant risk transfer (SRT) project in the CEE region.

The profit generated in 2025 will be retained, strengthening the Group’s capital base.

The year 2025 marked a transition to the next phase of development. The Group announced its “Full speed ahead!” strategy for 2026–2030, focused on dynamic growth, technology and stronger relationships with clients. Its ambition is to achieve a 10% market share in key product categories and to resume dividend payments.

At the same time, all three leading rating agencies – S&P Global Ratings, Moody’s Ratings and Fitch Ratings – upgraded mBank’s ratings, citing, among other things, a reduction in legal risk related to CHF loans, rising profitability and a stronger capital base. The Group also presented its Transition Plan, which assumes climate neutrality in its own operations by 2040 and in the financed portfolio by 2050.

In recent months, mBank launched a digital mortgage, enabling clients to obtain a credit decision in just 15 minutes, and, as the first bank in the world, introduced a payment smart ring – a solution combining a payment function with health and activity monitoring.

Later in the year, the bank once again demonstrated that it leads the way among innovators and sets trends by becoming the first bank in Poland to introduce the “Activate transaction blocking” function. When needed, it allows users to block transfers, BLIK, card payments and cash withdrawals with a single click, without losing access to their account.

For a decade, mBank has been running systematic educational campaigns in the field of cybersecurity. Podcast fans could listen to another, already the third, season of the audio series “Jazgot”, which exposes the methods used by cyber scammers.

As the first banking institution in Poland, mBank fully modernised its core systems by migrating them to modern technology platforms (so-called system replatforming). This will accelerate development, reduce the cost of maintaining the key systems, and strengthen competitive advantage and the ability to respond flexibly to the current external environment. For this modernisation, the institution received the main award in the prestigious Forrester Technology Strategy Impact Award 2025 for the Europe, Middle East and Africa region.

The past year was also very successful in terms of long-term savings. mBank’s clients paid a total of PLN 1.2 billion into individual pension accounts (IKE) and individual pension security accounts (IKZE), and the number of new accounts exceeded 73,000 over the year as a whole (more than 30,000 accounts were opened in December alone). This proves that educating and supporting clients in long-term financial planning – including through the “Stop tomorrowing” (“Nie jutraj”) campaign and the opening of the “One-third” (“Jedna Trzecia”) space – translate into real action.