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...

Locked content Erbud to build mBank HQ in Łódź

Property developer Ghelamco has chosen Erbud as the general contractor of its office scheme dubbed Nowa Formiernia in Łódź, which will be the new headquarters of commercial lender mBank. The contract is valued at €21 million, which roughly translates to PLN 91 million. Ghelamco has signed a 12 year ...

Locked content mBank signs 12 year lease deal with Ghelamco

Real estate developer Ghelamco has signed a 12 year deal with mBank to lease an office building in Łódź, which is expected to be delivered in Q3 2017, the company said. The building will have a total space of 24,000 sqm over six storeys and it will be wholly occupied by the lender. Ghelamco Poland i...

Locked content mBank sets price for PZU shares

Commercial lender mBank has set the price of PZU’s shares at PLN 37.75 each in an accelerated book-building process. The bank is selling 4.7 million shares in the state-owned insurer, which corresponds to a 0.55 percent stake. DM mBank and J.P. Morgan Securities have been appointed global coor...

Locked content Commerzbank CEO to step down

Germany’s second largest lender and the owner of Polish mBank will have a new CEO next fall. Martin Blessing has announced he will resign by the end of October 2016, despite being offered an extension of his job contract, Puls Biznesu daily reported. Blessing has been the head of the lender si...

Locked content mBank and BZ WBK lenders reveal Q3 profits

Commercial lender mBank recorded a consolidated net profit of PLN 319.5 million in Q3 2015, compared with PLN 315.5 million in Q3 2014. The bank’s net interest income totaled PLN 641.8 million in Q3 2015, versus PLN 649.9 million in Q3 2014. Net fees and commissions came in at PLN 235.6 millio...

Locked content mBank bonds to debut on Catalyst

The board of the Warsaw Stock Exchange has announced that commercial lender mBank will start trading 7,500 MBKO170125 series bonds on Catalyst on July 14. The nominal value of each bond stands at PLN 100,000, which means that the company will raise PLN 750 million, the board announced. mBank is one ...

Locked content mBank net profit at PLN 450.94 mln in Q1

Commercial lender mBank recorded a consolidated net profit of PLN 450.94 million in Q1 2015, compared with PLN 337.77 million in Q1 2014. The bank’s net interest income totaled PLN 912.29 million in Q1 2015, versus PLN 957.74 million in Q1 2014. Net fees and commissions came in at PLN 314.53 m...

Locked content More active mobile banking users in Q1- report

As of the end of March, as many as 13 Polish lenders had a total of four million mobile users who logged in their online bank accounts at least once a  month, a report by PRNnews.pl showed. mBank is the leader with over 950,000 active users. The web portal informed that according to the previousR...

Locked content mBank with higher net profits in Q1 y/y

Commercial lender mBank reported consolidated net profits of PLN 380.9 million in the first quarter of the year, compared with PLN 305.2 million in Q1 2014, the bank informed in a report. The lender’s net interest income stood at PLN 587.44 million in Q1 2015 versus PLN 591.01 million in Q1 20...