MBank S A : Additional costs of legal risk related to foreign currency loans

Contents:

1. REPORT

3. INFORMATION ABOUT THE ENTITY

4. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

POLISH FINANCIAL SUPERVISION AUTHORITY

REPORT No

23

/

2024

Date of issue:

Short name of the issuer

mBank S.A.

Subject

Additional costs of legal risk related to foreign currency loans

Official market - legal basis

Art. 17 ust. 1 MAR - informacje poufne.

Contents of the report:

Additional costs of legal risk related to foreign currency loans The Management Board of mBank S.A. ("Bank") informs that in connection with the decision taken on May 6, 2024 by the Bank, the additional costs of legal risk related to loans indexed to foreign currencies recognized in Q1 2024, amounted to PLN 260.3 million. These costs result from amendments to model parameters. As a result of the above and after updating the balances as at March 31, 2024, the total legal risk costs related to loans indexed to foreign currencies recognized in Q1 2024 amounted to PLN 1370.6 million. The Bank informs that the estimated preliminary net result for Q1 2024 is positive. At the same time, the Bank informs that in Q1 2024, positive results in the core business continued and total revenues were at similar level to Q4 2023. The mBank Group Tier 1 Capital Ratio and the Total Capital Ratio for Q1 2024 are expected to be considerably higher than the required level which for mBank Group amount to 9.1% for the Tier 1 capital ratio and 11.1% for the Total Capital Ratio. It is expected that surpluses above the capital requirements for Q1 2024 will exceed 4.5 p.p. over Tier 1 Capital Ratio and Total Capital Ratio. The liquidity ratios significantly exceed the regulatory requirements.

INFORMATION ABOUT THE ENTITY >>>

		mBank Spółka Akcyjna
		(fullname of the issuer)
		mBank S.A.		Banki (ban)
		(short name of the issuer)		(sector according to clasification of the WSE in Warsow)
		00-850		WARSZAWA
		(post code)		(city)
		Prosta		18
		(street)		(number)
		829-00-00		0000025237
		(phone number)			(fax)
				www.mbank.pl
		(e-mail)			(website)
		526-021-50-88		001254524
		(NIP)			(REGON)

	SIGNATURE OF PERSONS REPRESENTING THE COMPANY
	Date	Name	Position / Function	Signature
	2024-05-06	Cezary Stypułkowski	Prezes Zarządu