mBank has published the amount of legal risk costs connected with CHF mortgages in Q2. Additional provisions were made to cover the potential consequences of the CJEU ruling regarding remuneration for the use of capital and the costs of settlements. The bank has already ...

mBank entered the year with upbeat operating results. Revenues hit a record high of PLN 2.5 billion. Net profit of PLN 143 million was dented by legal risk costs connected with the CHF loan portfolio. The bank was active in offering settlements to CHF borrowers, with th...

The position of Vice-President of the Management Board for Compliance, Legal and HR will be created in the Management Board of mBank. The supervisory board of the bank recommended Mrs. Julia Nusser, the managing director of Commerzbank, for this role.

In 2022, mBank Group reported a net loss of PLN 703 million. It marked the second negative result in a row. However, the loss did not by any means result from the weakness of its core business, but was caused by the state interventions and the bank’s decision to book hig...

Andreas Böger, Vice-President of the Management Board, Chief Financial Officer has resigned effective 30 April 2023. He will take on the position of Divisional Board Member responsible for Group Finance at Commerzbank.

In Q3 2022, mBank’s income hit a record high, which was coupled by rising market shares and strong client acquisition. However, the financial performance was adversely affected by a number of one-off factors, in particular the so-called credit holiday and costs of legal ...

mBank proposes attractive settlements to its clients who are repaying loans in CHF. It reduces the loan principal and offers semi-fixed interest at a competitive level of 4.99%. The process of signing settlements is simple and does not burden borrowers with red tape.

SBTi will check whether mBank’s decarbonisation pathway is in line with scientific evidence regarding global warming. Climate protection is a vital component of mBank’s strategy.

mBank has released the amount of legal risk costs connected with CHF mortgages for Q3 and their impact on the bank’s financial performance in 2022. In addition, the bank has announced a settlement programme for all CHF borrowers due to start in October.

In Q2, mBank posted a record-high income (over PLN 2.2 billion); however, higher costs and contributions squeezed its net profit to PLN 229.7 million.