Locked content KNF raises mBank’s FX mortgage capital buffer

The Financial Supervision Authority KNF asked WSE-listed mBank to raise its FX-denominated mortgage buffer to 4.10 pps, from the previous 3.81 pps. Of the buffer, 75 percent is to be maintained in Tier 1 capital and 56 percent in Core Tier 1 capital. mBank stated that it meets such requirements at t...

Locked content mBank not interested in Deutsche Bank Polish assets – CEO

According to the CEO of mBank, Cezary Stypułkowski, the WSE-listed lender is not interested anymore in acquiring Deutsche Bank Polska. He added that the potential takeover of Idea Bank is also off the table. “When it comes to business model, Idea Bank is not a right fit for us,” he explained, adding...

Locked content mBank won’t be buying Polish Deutsche Bank assets – Reuters

WSE-listed lender mBank has reportedly withdrawn from running to buy Deutsche Bank’s Polish assets, Reuters reported citing sources close to the situation. BZ WBK and Millennium Bank remain at the negotiation table, with Millennium announcing back in July that it has entered the second phase o...

Locked content mBank net Q1 profit down 30% y/y 

mBank recorded a consolidated net profit of PLN 269.7 million in Q2 2017, compared with PLN 388.5 million in Q2 2016, the lender informed in a report. The bank’s net interest income totaled PLN 764.78 million, while in the same period last year, it stood at PLN 684.44 million. Net fees and com...

Locked content mBank sets aside PLN 1 bln on M&A

WSE-listed lender mBank, has allocated PLN 1 billion for potential acquisition, its CEO Cezary Stypułkowski said. He did not want to comment, however, whether his bank is interested in buying Deutsche Bank’s Polish assets. “In our strategy last year, we said that we would not exclude possible acquis...

Locked content mBank posts PLN 218.8 mln attrib. net profit in Q1

WSE-listed mBank posted an attributable net profit of PLN 218.8 million in Q1, down by 25.2 percent q/q, and 2.9 percent below the market expectations. Net interest earnings amounted to PLN 749 million, down by 0.6 percent q/q, with interest revenues down by 2 percent, and costs declining by 6.6 per...

Locked content KNF asks mBank to retain its 2016 profit

WSE-listed mBank, has been asked by the financial market regulator KNF to refrain from paying out dividend from its 2016 profit, in line with the lender’s own guidelines. Last year, mBank had PLN 1.219 billion in profit. Earlier this month, KNF asked BZ WBK, BGŻ BNP Paribas, ING Bank Śląski an...

Locked content mBank to invest €50 million in start-ups

WSE-listed lender mBank has set up a €50 million fund for buying and developing Polish start-ups. “So far if someone in Poland had a good idea the best advice was to buy a ticket to San Francisco or London and develop your idea there,” Jarosław Mastalerz, head of the fund, said, explaining that the ...