mBank Group posted PLN 3.1bn in net profit for the first nine months of 2026, up 23.8 per cent from a year earlier. The third quarter alone delivered a record PLN 1.085bn in net profit.
The bank strengthened its position across key product categories. After nine months, its share of household lending stood at 8.7 per cent, while its share of the mortgage market reached 9.7 per cent. In corporate lending, mBank achieved a record market share of 8.9 per cent. Under its “Full Speed Ahead” strategy, mBank is targeting a market share of at least 10 per cent in its key business areas by 2030. The latest results point to measurable progress towards that goal.
mBank’s key achievements in the first nine months of 2026
- PLN 3.098bn in net profit, up 23.8 per cent year on year;
- PLN 1.085bn in third-quarter net profit, the highest quarterly result in mBank’s history;
- PLN 16.6bn in mortgage sales between January and September 2026;
- 21.3 per cent ROTE (return on tangible equity) after nine months;
- 31.6 per cent normalised cost-to-income ratio.
How did mBank deliver record profit despite falling interest rates?
mBank’s record earnings were driven by expanding business volumes, an improved net interest margin, strong net fee and commission income, and high operating efficiency. Group revenues reached PLN 9.8bn in the first nine months, their highest level on record.
The bank offset the impact of interest rate cuts through higher business volumes and fee and commission income. Its net interest margin rose to 3.57 per cent in the third quarter, from 3.47 per cent in the previous three months.
The normalised cost-to-income ratio stood at 31.6 per cent, remaining below the bank’s strategic ceiling of 35 per cent.
Pascal Ruhland – Chief Financial Officer, mBank
We are proving that strong growth and strong returns can go hand in hand. We are gaining market share while delivering a ROTE of 21.3% after nine months and maintaining excellent efficiency, with a normalised cost-to-income ratio of 31.6%. At the same time, we have further strengthened our capital position, creating additional capacity to finance our clients and support future growth. Profitable growth, high efficiency and capital strength are the foundations for sustainable shareholder value, says Pascal Ruhland, mBank’s chief financial officer.
How fast are mBank’s loans, deposits and market shares growing?
mBank Group’s gross loan book reached PLN 164.4bn, an increase of 17.7 per cent year on year and 6.5 per cent from the end of June. Lending to retail clients rose 19 per cent year on year to PLN 91.5bn.
The deposit base expanded by 19 per cent year on year to PLN 254.7bn. Retail deposits increased to PLN 183.1bn, while corporate deposits reached PLN 68.6bn.
Strong business growth helped mBank gain market share across key lending segments. mBank’s share of household lending rose to 8.7 per cent, its share of mortgage lending reached 9.7 per cent, while its share of corporate lending climbed to a record 8.9 per cent.
Retail banking
How does mBank help clients achieve their key homeownership goals?
mBank continues to expand its mortgage lending franchise and strengthen its market position. The bank was the second-largest mortgage lender by origination volume, with mortgage financing extended between January and September 2026 amounting to PLN 16.6bn.
These results reflect clients’ real housing ambitions. mBank supported 48,000 people in purchasing a flat or a house, while 7,100 mortgages were secured on properties meeting energy-efficiency criteria.
At the same time, the bank continues to streamline the mortgage process, reduce administrative requirements and undertake selected activities on clients’ behalf, including those related to registering a mortgage in the land and mortgage register.
How are mBank clients building financial security for the future?
mBank clients are increasingly turning to IKE and IKZE retirement savings accounts, with the bank expanding in this segment at a pace exceeding that of the overall market. The number of IKE accounts held with mBank increased by 112 per cent compared with 2024, versus market growth of 51 per cent. As for IKZE accounts held with mBank, their number rose by 83 per cent, compared with 58 per cent growth across the market.
mBank holds a 9 per cent share of the investment fund and brokerage IKE market and a 20 per cent share of the IKZE market. One in every five IKZE accounts in this market segment is held by an mBank client.
Clients can choose between brokerage IKE and IKZE accounts, which allow them to select investment instruments independently, and fund-based solutions, where experts manage strategies specifically designed to support long-term retirement saving.
How does smartTerminal simplify payment acceptance for businesses?
smartTerminal enables businesses to accept payments using a smartphone, without the need for additional hardware, its delivery or installation. It is the first payment terminal on the Polish market available directly within a banking app.
In its first month, the solution recorded approximately 1,500 activations and processed nearly 19,000 transactions. Its potential user base comprises around 125,000 mBank clients operating in mobile and service-based sectors.
smartTerminal addresses the growing importance of mobile payments. Cashless payments now account for 71 per cent of transactions at retail and service outlets, up from 69 per cent a year earlier. The share of NFC mobile payments increased from 18 per cent to 24 per cent.
Krzysztof Bratos, mBank’s vice-president, head of retail banking
We want to support our clients not only in their everyday banking needs, but also when they are buying a home, building long-term financial security, or growing their own business. The performance of our mortgage business, IKE and IKZE products, as well as the first results delivered by smartTerminal, demonstrate that we are turning this promise into tangible solutions and measurable outcomes, says Krzysztof Bratos, mBank’s vice-president, head of retail banking.
Corporate banking
How fast is mBank’s corporate banking business growing?
Loans to corporate clients rose to PLN 66.5bn, up 14.1 per cent year on year and 4.6 per cent quarter on quarter. Growth was recorded across all client segments.
Double-digit growth in the loan book further strengthened mBank’s market position. Its share of corporate lending reached a record 8.9 per cent, compared with 8.6 per cent a year earlier.
How much of mBank’s corporate lending goes to strategic areas of the economy?
Almost one in every four złotys of mBank’s corporate lending finances strategic areas of the Polish economy. Financing provided under the bank’s six strategic growth streams reached PLN 11.31bn, accounting for 24.8 per cent of its corporate lending.
Under its strategy, mBank aims to increase the share of lending generated by these strategic growth streams from 20 per cent in 2024 to 40 per cent by 2030. The six streams are:
- energy and technological transformation,
- digitalisation and process automation,
- economic resilience and localisation of production,
- green, sustainable, circular and sharing economy,
- health and leisure economy,
- defence.
How much does mBank provide in sustainable and transition finance?
Sustainable and transition finance, together with financing for projects that generate an additional positive impact beyond the organisation, reached PLN 12.2bn, up 38 per cent from a year earlier. This represented 13.7 per cent of total on- and off-balance-sheet corporate exposure, compared with 11 per cent in 2024 and a strategic target of 15 per cent by 2030.
mBank provided PLN 5.4bn in financing for renewable energy projects, while its exposure across 17 sustainability-linked loan transactions reached PLN 4.7bn.
Why do corporate clients rate mBank highly?
mBank’s corporate banking ranked first in the NPS (Net Promoter Score) survey, with a score of 63 points. The result indicates that companies value not only the cost of financing, but also efficient processes, digital solutions, flexibility, staff expertise, industry knowledge and the quality of client relationships.
mBank offers two fast-track financing options for SME clients, covering amounts of up to PLN 1m and PLN 4m, respectively. The solutions simplify and accelerate businesses’ access to funding. Digitalisation also extends to client onboarding: 98 per cent of new corporate accounts were opened digitally in the first nine months of 2026.
Research Collective conducted the corporate client satisfaction survey on behalf of mBank, benchmarking the bank against its competitors.
Adam Pers, mBank’s head of corporate and investment banking
Almost one in every four złotys of mBank’s corporate lending now goes to areas identified under our strategic growth streams, while our market share has reached a record high. We want to be more than a source of capital for companies. We want to be a partner that combines financing with industry expertise, technology and high-quality client relationships, says Adam Pers, mBank’s head of corporate and investment banking.
Does mBank combine rapid growth with security?
mBank is expanding its business while maintaining strong asset quality and a robust capital position. The group’s non-performing loan ratio declined to 2.9 per cent from 3.4 per cent a year earlier. After nine months, the cost of risk stood at 0.46 per cent, remaining below the strategic target level of around 0.8 per cent.
At the end of September, the Tier 1 capital ratio was 13.8 per cent, while the total capital ratio reached 15.3 per cent.
In September, mBank issued EUR 250m of Additional Tier 1 (AT1) instruments. This was the first euro-denominated AT1 issuance by a Polish issuer. Taking the transaction into account, the surplus of the Tier 1 ratio above the regulatory requirement would increase to 3.57 percentage points.
mBank’s strong capital position provides ample capacity to support further growth and meet clients’ financing needs.
How do the results confirm delivery of the “Full Speed Ahead!” strategy?
The “Full Speed Ahead!” strategy is built on three pillars: lifecycle-based growth, customer excellence and organisational excellence. The results for the first nine months demonstrate measurable progress across each of these areas:
- mBank is growing together with its clients: the bank’s share of the household lending market stands at 8.7 per cent, while its share of lending to businesses has reached a record 8.9 per cent. The bank is also expanding products that help clients achieve their long-term goals, including mortgage loans, IKE and IKZE retirement savings accounts;
- mBank is financing strategic changes in the economy: 24.8 per cent of corporate lending comes from strategic growth streams, compared with a target of 40 per cent by 2030. Sustainable finance, transition finance and projects generating an additional positive impact beyond the organisation account for 13.7 per cent of total on- and off-balance-sheet corporate exposure, against a target of 15 per cent;
- mBank is simplifying finance and enhancing service quality: the bank continues to develop digital processes and solutions such as smartTerminal, while its top ranking in the corporate banking Net Promoter Score (NPS) survey reflects strong client satisfaction;
- mBank combines growth with efficiency: the normalised cost-to-income ratio stands at 31.6 per cent, comfortably below the strategic ceiling of 35 per cent, while return on tangible equity (ROTE) reached 21.3 per cent, compared with a target of above 22 per cent over the strategy horizon.
The first year of strategy execution shows that mBank is translating its long-term ambitions into tangible financial, business and client outcomes. The bank is expanding its scale, strengthening client relationships and financing changes that are crucial to Poland’s economic development.
Krzysztof Drozd
Media relations Expert