mBank Group closed the first quarter of 2026 with the highest pre-tax profit in its history, reaching PLN 1.53 billion. Net profit amounted to PLN 953 million, while return on tangible equity (ROTE) climbed to 20.5%. The Bank continues to outpace the market: the gross loan portfolio expanded by 10.8% year on year to PLN 145.7 billion, and the deposit base grew by 18.2% year on year to PLN 237.1 billion. This provides a strong tailwind for delivering on mBank’s “Full speed ahead!” strategy for 2026–2030.
In Q1 2026, mBank Group’s total income increased to PLN 3.09 billion. The improvement was driven by higher net fee and commission income (PLN 576 million, +14.5% year on year) and a stronger trading and other income line (PLN 127 million). At the same time, net interest income remained under pressure from interest rate cuts in Poland and decreased slightly to PLN 2.39 billion (-3.2% year on year).
Operating costs (including contributions to the Bank Guarantee Fund) resulted in a reported cost/income ratio of 37.9%, with a normalized level of 30.8%. Importantly, 2026 results continue to be materially impacted by high fiscal and regulatory burdens, including the increase in the Polish CIT rate for banks to 30% and the lack of a reduction in the banking tax.
Lower cost of risk and a further decline in CHF portfolio-related charges
In Q1 2026, the cost of risk amounted to 30 basis points, while loan loss provisions and fair value changes on loans were lower than a year earlier (PLN 104 million vs PLN 166 million in Q1 2025). Charges related to legal risk on foreign-currency mortgage loans fell sharply to PLN 73 million in Q1 2026, i.e., 89% less year on year.
Business growth ahead of the market: loans +10.8%, deposits +18.2%
Business scale expansion remains one of the key drivers of performance. mBank Group’s gross loans reached PLN 145.7 billion (+10.8% year on year), while customer deposits increased to PLN 237.1 billion (+18.2% year on year).
On the retail side, loans to individual customers totalled PLN 80.7 billion, and deposits stood at PLN 171.2 billion - up 12.9% and 18.6% year on year, respectively.
In the corporate segment, loans (excluding reverse repo transactions) increased to PLN 59.7 billion (+7.8% year on year), while deposits rose to PLN 62.9 billion (+16.1% year on year).
mBank improved its market shares in strategic product categories in Poland. Under the “Full speed ahead!” strategy, the Bank aims to achieve ≥10% market shares by 2030 in key product areas.
“Full speed ahead!” in action: technology, relationships and growth in future-proof industries
In its 2026–2030 strategy, mBank is focusing on three pillars:
- Lifecycle-based growth
- Customer excellence
- Organisational excellence
The Bank emphasises tailoring solutions to customer needs at every life stage, further developing a hybrid service model, and building a modern, scalable organisation that leverages AI across business and operational processes.
Within corporate banking, mBank identifies six strategic growth streams:
- energy and technology transition,
- digitization and automation of processes,
- economic resilience and localisation of production,
- green economy, closed loop and sharing economy,
- health and the leisure economy,
- defence.
The strategic objective assumes that by 2030, 40% of corporate loan portfolio will be the growth streams-related. After Q1 2026, the Bank reached a 23.9% share, supported by PLN 9.6 billion in financing granted within priority areas.
Innovation for customers and businesses: smartTerminal and the fully digital mLeasing platform
In Q1 2026, mBank delivered further implementations supporting the day-to-day operations of business clients:
- smartTerminal in mBank’s mobile application — a SoftPOS-based solution enabling merchants to accept card and mobile payments directly on a smartphone, without any additional hardware.
- the fully digital mLeasing Platform — allowing customers to complete the entire leasing process online (from selecting an offer to signing the agreement), accessible 24/7 from any device.
Krzysztof Drozd
Senior media relations specialist