5:10 31 October 2025
mBank posts mixed Q3 results
mBank Group reported a Q3 2025 net profit of PLN 837 million, up 46% year-on-year but 13% lower quarter-on-quarter, missing analysts’ expectations of PLN 909 million. Net interest income reached PLN 2.46 billion, in line with forecasts, though down 4.3% year-on-year. The interest margin slipped to 3.9% from 4.1% in Q2. Fee and commission income rose 16% year-on-year to PLN 580 million, exceeding consensus.
Operating costs totaled PLN 929 million, up 14% year-on-year, while the cost-to-income ratio stood at 29.2%. Provisions rose to PLN 206 million, lifting risk costs to 0.61%, largely due to two corporate exposures.
Legal risk costs for Swiss franc loans amounted to PLN 455 million, though related lawsuits declined. Loan volumes rose 2.4% quarter-on-quarter, driven by mortgage growth of 37% year-on-year. The capital ratio stood at 16.7%, with mBank expecting stable 2025 revenues above PLN 12 billion.
