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 million, compared with PLN 353.77 million in Q1 2014. The lender had revised its earlier financial statement and had changed the accounting method by billing fees to the Bank Guarantee Fund for the whole year. In April, the bank announced that its net profit totaled PLN 380.99 million in Q1.