Based on a comparison of 11 banks in Poland in 3Q2016, mBank was the most cost efficient bank, followed by Santander Bank Polska and Bank Millennium.
mBank's cost to income ratio reached 40.9% in 3Q2016, up from 35.7% when compared to the previous quarter and down from 41.1% when compared to the same period of last year. Historically, the bank’s costs reached an all time high of 188% in 4Q2004 and an all time low of 32.5% in 2Q2001.
When compared to total assets, bank's cost amounted to 1.39% in 3Q2016, down from 1.50% a year earlier.
When compared to the nearest peers, Santander Bank Polska operated in 3Q2016 with a cost to income ratio of 42.6%, Bank Millennium reached 47.7% and Alior Bank some 51.2%.
The average cost to income ratio reached 46.7% in the Polish banking sector in 3Q2016.
You can see all the banks cost efficiency data at Costs (As % Of Income) indicator page or you can download a report on the Polish banks in the report section.