Locked content mBank net profit grows to PLN 338.5 mln

Polish commercial lender mBank reported a consolidated net profit of PLN 338.5 million in Q2, compared with PLN 220 million in Q2 2015, the bank informed in a report. The bank’s assets stood at PLN 128.7 billion at the end of Q2 2016, versus PLN 120.6 billion in the previous year. The lender&#...

Locked content Echo granted a PLN 90 mln loan by mBank

Echo Investment has concluded an agreement with Polish commercial lender mBank in terms of receiving a €20 million (PLN 89 million) and PLN 2 million loan, the company informed in a statement. The loan was granted for six years. Echo intends to use the funds to finance the final stage of its office ...

Locked content mBank to earn €63 mln on Visa merger

Polish commercial lender mBank will receive €46.5 million (PLN 206.6 million) in cash and €16.5 million (PLN 73.2 million) in Visa Inc. shares in exchange for its stake in Visa Europe, the bank informed in a market filing. The transaction will be concluded in Q2. Additionally, mBank will receive its...

Locked content World’s largest bank grants mBank a €130 mln loan

Polish commercial lender mBank has concluded an agreement with the Industrial and Commercial Bank of China (ICBC Europe) in terms of receiving a €130 million (PLN 575 million) loan, ICBC informed on its website. “Industrial and Commercial Bank of China (Europe) S.A., Poland Branch has signed a...

Locked content mBank net profit at PLN 307.8 mln

Polish commercial lender mBank reported a consolidated net profit of PLN 307.8 million in Q1, compared with PLN 451 million in Q1 2015, the bank informed in a report. The bank’s assets stood at PLN 123.27 billion at the end of Q1 2016, versus PLN 123.29 billion in the previous year. The lender...

Locked content mBank will not pay out dividend

Shareholders at Polish commercial lender mBank decided on Thursday not  to pay out a dividend on its 2015 net profit. mBank’s net profit in 2015 amounted to PLN 1.27 billion. Earlier, mBanks’ CEO Cezary Stypułkowski claimed that the lender intended to pay out dividends in 2016. mBanks is...

Locked content Best wins auction for securitized debts of PLN 229 mln

Closed-end fund Best has won an auction for a securitized debts package of a nominal value of PLN 229 million from mBank, the firm announced on Friday. The company’s board will officially comment on the news later on. Best specializes in the trade and management of irregular debts. The group i...

Locked content mBank has higher profits than expected

Polish commercial lender mBank, reported an unchanged net profit in the fourth-quarter of 2015 on a yearly basis, however, it was above market forecasts, despite higher spending. mBank’s net profit stood at PLN 309.5 million in the period, compared to PLN 283 million expected by analysts in a ...

Locked content Ghelamco gets loan for mBank HQ in Łódź

Budomal Investment, included in Ghelamco has signed loans with mBank for the construction of mBank’s headquarters in Łódź, Ghelamco Invest told the media. The value of one loan stands at €32.47 mln, which roughly translates to PLN 144.5 million, the other one is valued at PLN 8.5 million. Erbu...

Locked content UOKiK punishes mBank

Polish anti-monopoly watchdog UOKiK has imposed a fee totalling PLN 6.58 million for not taking into account a negative interest rate of mortgages denominated in the Swiss franc, the office reported. The investigation was launched in June 2015. UOKiK ordered mBank to stop practicing and pay out refu...