Based on a comparison of 18 banks in Poland in 2016, mBank was the most cost efficient bank, followed by Santander Bank Polska and Idea Bank.
mBank's cost to income ratio reached 40.8% in 2016, down from 42.9% when compared to the last year. Historically, the bank’s costs reached an all time high of 97.1% in 2004 and an all time low of 34.1% in 1999.
When compared to total assets, bank's cost amounted to 1.39% in 2016, down from 1.60% a year earlier.
Comparing mBank with its closest peers, Santander Bank Polska operated in 2016 with a cost to income ratio of 45.3%, Idea Bank reached 46.6% and PKO BP some 51.7%.
The average cost to income ratio reached 43.7% in the Polish banking sector in 2016.
You can see all the banks cost efficiency data on the Costs (As % Of Income) indicator page or you can download a report on the Polish banks in the report section.