mBank net profit up in 2014

Poland's lender mBank had a consolidated net profit of PLN 1.286 billion in 2014, compared with PLN 1.206 billion in 2013, the company announced. The total value of assets stood at PLN 117.98 billion at the end of 2014, versus PLN 104.28 billion at the end of 2013. MBank, owned by Commerzbank, is currently the 3rd largest retail bank in Poland in terms of the number of customers. It also operates in the Czech Republic and Slovakia.