By Helgi Library - November 1, 2023
mBank's net interest margin amounted to 4.17% in the third quarter of 2023, up from 4.09% when compared to the previous quarter....
By Helgi Library - August 8, 2023
mBank's customer deposits reached PLN 176,662 mil in 2023-06-30, down 2.35% compared to the previous year. Polish banking secto...
By Helgi Library - August 8, 2023
mBank generated total banking revenues of PLN 2,695 mil in 2023-06-30, up 7.74% compared to the previous year. Polish bank...
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By Helgi Library - November 22, 2023
mBank's mortgage loans reached PLN 44,478 mil in 3Q2023, down 1.20% compared to the previous year. Polish banking sector provided mortgage loans of PLN 443 in 3Q2023, down 0.552% when compared to the last year. mBank accounted for 10.0% of all mortgage lo...
By Helgi Library - September 14, 2023
mBank's retail deposits reached PLN 125,925 mil in 2023-06-30, down 2.42% compared to the previous year. Polish banking sector accepted retail deposits of PLN 1,068 bil in 2023-06-30, up 1.91% when compared to the last year. mBank accounted for 11.8% of a...
By Helgi Library - November 1, 2023
mBankxx stock traded at PLN 395 per share at the end third quarter of 2023 implying a market capitalization of USD 3,842 mil. Since the end of 3Q2018, the stock has depreciated by -11.7 % implying an annual average growth of -2.45 %. In absolute terms, the value of th...
By Helgi Library - November 1, 2023
mBank employed 7,218 persons in 2023-09-30, up 0.664% when compared to the previous year. Historically, the bank's workforce hit an all time high of 8,136 persons in 2011-06-30 and an all time low of 4,404 in 2006-03-31. Average cost reached USD 3,986 per month p...
By Helgi Library - August 8, 2023
mBank's customer loans reached PLN 118,319 mil in 2023-06-30, down 2.64% compared to the previous year. Polish banking sector provided customer loans of PLN 1,584 in 2023-06-30, down 0.064% when compared to the last year. mBank accounted for 7.47% of all ...
By Helgi Library - September 14, 2023
mBank's retail loans reached PLN 68,155 mil in the second quarter of 2023, down 2.95% compared to the previous year. Polish banking sector provided retail loans of PLN 722 bil in 2Q2023, down 0.570% when compared to the last year. mBank accounted for 9.44...
By Helgi Library - November 1, 2023
mBank made a net profit of PLN -83.0 mil in the third quarter of 2023, up 96.4% when compared to the same period of last year. This implies a return on equity of -2.45%. Historically, the bank’s net profit reached an all time high of PLN 835 mil in 4Q2022 and an ...
By Helgi Library - November 1, 2023
mBank generated total banking revenues of PLN 2,708 mil in the third quarter of 2023, up 151% when compared to the same period of last year and 0.456% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, fee and...
By Helgi Library - November 1, 2023
mBank made a net profit of PLN -83.0 mil under revenues of PLN 2,708 mil in the third quarter of 2023, up 96.4% and 151% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of PLN 835 mil in 4Q...
By Helgi Library - November 1, 2023
mBank's corporate deposits reached PLN 50,215 mil in 2023-06-30, down 2.11% compared to the previous year. Polish banking sector accepted corporate deposits of PLN 634 bil in 2023-06-30, up 0.855% when compared to the last year. mBank accounted for 7.92% ...
mBank (formerly known as BRE Bank) is a Poland-based commercial bank. The Bank’s customer base includes 5.6 mil retail customers and 25 thousand corporations. The bank was established in 1986 as a small specialised bank, but the bank’s business profile changed substantially in late 2000 when BRE Bank launched its retail banking arm: mBank, the first Internet bank in Poland for mass clients and micro-enterprises. The domestic success of mBank meant that in 2007, the retail banking arm expanded abroad: mBank outlets were set up in the Czech Republic and Slovakia. Apart from offering the traditional banking services, mBank offers a wide range of other services such as leasing, factoring, brokerage and insurance
mBank has been growing its revenues and asset by 6.78% and 7.47% a year on average in the last 10 years. Its loans and deposits have grown by 6.35% and 12.0% a year during that time and loans to deposits ratio reached 69.0% at the end of 2022. The company achieved an average return on equity of 6.09% in the last decade with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 42.2% in 2022, compared to 41.1% average in the last decade.
Equity represented 6.06% of total assets or 10.6% of loans at the end of 2022. mBank's non-performing loans were 3.97% of total loans while provisions covered some 66.3% of NPLs at the end of 2022.
mBank stock traded at per share at the end of 2022 resulting in a market capitalization of . Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of -2.47% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of -17.9x and price to book value (PBV) of 0.988x in 2022.
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