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 commissions came in at PLN 252.61 vs. PLN 209.7 million a year earlier. In the first half of 2017 the mBank Group consolidated revenues stood at PLN 2,167.7 million compared to PLN 2,121.9 million in the same period of 2016, what means PLN 49.2 million and 2.2 percent down. “The reduction in revenue is a result of Visa Europe Limited's entry into Visa Limited ",the company stated. mBank is one of the leading banks in Poland. The mBank's strategic shareholder is German Commerzbank. The bank has been listed on the WSE since 1992.