By Helgi Analytics - March 23, 2021
mBank generated total banking revenues of PLN 1,455 mil in 2019-03-31, up 5.16% compared to the previous year. Polish bank...
By Helgi Analytics - March 23, 2021
mBank made a net profit of PLN 338 mil in the fourth quarter of 2020, down 17.1% when compared to the same period of last year. ...
By Helgi Analytics - March 23, 2021
mBank made a net profit of PLN 338 mil under revenues of PLN 1,825 mil in the fourth quarter of 2020, down 17.1% and up ...
Profit Statement | 2018 | 2019 | 2020 | |
Net Interest Income | PLN mil | 3,500 | 4,007 | 4,014 |
Net Fee Income | PLN mil | 976 | 965 | 1,508 |
Other Income | PLN mil | 937 | 1,355 | 1,248 |
Total Revenues | PLN mil | 5,413 | 6,327 | 6,771 |
Staff Cost | PLN mil | 952 | 1,019 | 975 |
Operating Profit | PLN mil | 3,122 | 3,789 | 4,125 |
Provisions | PLN mil | 528 | 712 | 1,226 |
Net Profit | PLN mil | 1,091 | 1,272 | 931 |
Balance Sheet | 2018 | 2019 | 2020 | |
Interbank Loans | PLN mil | 3,693 | 4,355 | 7,458 |
Customer Loans | PLN mil | 93,576 | 105,161 | 109,540 |
Investments | PLN mil | 34,598 | 36,211 | 54,316 |
Total Assets | PLN mil | 145,781 | 158,721 | 180,136 |
Shareholders' Equity | PLN mil | 15,171 | 16,153 | 16,675 |
Interbank Borrowing | PLN mil | 21,872 | 18,777 | 16,489 |
Customer Deposits | PLN mil | 101,296 | 115,989 | 136,834 |
Issued Debt Securities | PLN mil | 2,474 | 2,997 | 3,350 |
Ratios | 2018 | 2019 | 2020 | |
ROE | % | 7.41 | 8.12 | 5.67 |
ROA | % | 0.787 | 0.836 | 0.550 |
Costs (As % Of Assets) | % | 1.65 | 1.67 | 1.56 |
Costs (As % Of Income) | % | 42.3 | 40.1 | 39.1 |
Capital Adequacy Ratio | % | 20.7 | 19.5 | 19.8 |
Net Interest Margin | % | 2.53 | 2.63 | 2.37 |
Loans (As % Of Deposits) | % | 92.4 | 90.7 | 80.1 |
NPLs (As % Of Loans) | % | 4.12 | 3.79 | 4.18 |
Provisions (As % Of NPLs) | % | 76.5 | 77.7 | 77.0 |
Valuation | 2018 | 2019 | 2020 | |
Market Capitalisation | USD mil | 4,795 | 4,351 | 2,032 |
Number Of Shares | mil | 42.3 | 42.4 | 42.4 |
Share Price | PLN | 424 | 389 | 179 |
Price/Earnings (P/E) | 16.5 | 13.0 | 8.15 | |
Price/Book Value (P/BV) | 1.18 | 1.02 | 0.455 | |
Dividend Yield | % | 0 | 0 | 0 |
Earnings Per Share (EPS) | PLN | 25.8 | 30.0 | 22.0 |
Book Value Per Share | PLN | 358 | 381 | 393 |
Dividend Per Share | PLN | 0 | 0 | 0 |
Get all company financials in excel:
summary | Unit | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
income statement | ||||||||||||||||||||||||||||
Net Interest Income | PLN mil | ... | 2,511 | 2,529 | 2,836 | 3,139 | 3,500 | |||||||||||||||||||||
Total Revenues | PLN mil | ... | ... | 4,531 | 4,493 | 4,988 | 5,206 | 5,413 | ||||||||||||||||||||
Operating Profit | PLN mil | ... | ... | 2,701 | 2,563 | 2,954 | 3,058 | 3,122 | ||||||||||||||||||||
Net Profit | PLN mil | ... | 1,310 | 1,285 | 1,199 | 1,075 | 1,091 | |||||||||||||||||||||
balance sheet | ||||||||||||||||||||||||||||
Interbank Loans | PLN mil | 8,188 | 2,945 | 3,894 | 1,765 | 3,693 | ||||||||||||||||||||||
Customer Loans | PLN mil | ... | ... | 70,744 | 77,403 | 81,707 | 84,419 | 93,576 | ||||||||||||||||||||
Investments | PLN mil | ... | ... | ... | ... | 28,245 | 31,278 | 34,440 | 33,670 | 34,598 | ||||||||||||||||||
Total Assets | PLN mil | ... | ... | 117,986 | 123,523 | 133,744 | 131,424 | 145,781 | ||||||||||||||||||||
Shareholders' Equity | PLN mil | 11,073 | 12,275 | 13,051 | 14,292 | 15,171 | ||||||||||||||||||||||
Interbank Borrowing | PLN mil | ... | 20,129 | 22,059 | 22,748 | 19,836 | 21,872 | |||||||||||||||||||||
Customer Deposits | PLN mil | 68,672 | 80,047 | 89,818 | 91,056 | 101,296 | ||||||||||||||||||||||
Issued Debt Securities | PLN mil | ... | 11,475 | 3,827 | 3,943 | 2,158 | 2,474 | |||||||||||||||||||||
ratios | ||||||||||||||||||||||||||||
ROE | % | ... | 12.3 | 11.0 | 9.47 | 7.87 | 7.41 | |||||||||||||||||||||
ROA | % | ... | ... | ... | 1.18 | 1.06 | 0.932 | 0.811 | 0.787 | |||||||||||||||||||
Costs (As % Of Assets) | % | ... | ... | ... | 1.65 | 1.60 | 1.58 | 1.62 | 1.65 | |||||||||||||||||||
Costs (As % Of Income) | % | ... | ... | 40.4 | 42.9 | 40.8 | 41.3 | 42.3 | ||||||||||||||||||||
Capital Adequacy Ratio | % | 14.7 | 17.3 | 20.3 | 21.0 | 20.7 | ||||||||||||||||||||||
Net Interest Margin | % | ... | ... | ... | 2.26 | 2.09 | 2.20 | 2.37 | 2.53 | |||||||||||||||||||
Interest Income (As % Of Revenues) | % | ... | ... | 55.4 | 56.3 | 56.9 | 60.3 | 64.7 | ||||||||||||||||||||
Fee Income (As % Of Revenues) | % | ... | ... | 19.9 | 20.0 | 18.2 | 19.1 | 18.0 | ||||||||||||||||||||
Staff Cost (As % Of Total Cost) | % | ... | ... | 44.8 | 43.3 | 42.5 | 42.0 | 41.6 | ||||||||||||||||||||
Equity (As % Of Assets) | % | ... | ... | 9.39 | 9.94 | 9.76 | 10.9 | 10.4 | ||||||||||||||||||||
Loans (As % Of Deposits) | % | ... | ... | 103 | 96.7 | 91.0 | 92.7 | 92.4 | ||||||||||||||||||||
Loans (As % Assets) | % | ... | ... | 60.0 | 62.7 | 61.1 | 64.2 | 64.2 | ||||||||||||||||||||
NPLs (As % Of Loans) | % | ... | ... | ... | ... | 6.68 | 5.76 | 5.37 | 5.16 | 4.12 | ||||||||||||||||||
Provisions (As % Of NPLs) | % | ... | ... | ... | ... | 56.8 | 64.3 | 62.1 | 64.6 | 76.5 | ||||||||||||||||||
valuation | ||||||||||||||||||||||||||||
Market Capitalisation | USD mil | 5,939 | 3,376 | 3,394 | 5,665 | 4,795 | ||||||||||||||||||||||
Number Of Shares | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 42.2 | 42.2 | 42.3 | 42.3 | 42.3 | |||||||||||||
Share Price | PLN | 498 | 314 | 335 | 465 | 424 | ||||||||||||||||||||||
Earnings Per Share (EPS) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | 31.0 | 30.4 | 28.4 | 25.4 | 25.8 | |||||||||||||
Book Value Per Share | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | 262 | 291 | 309 | 338 | 358 | |||||||||||||
Dividend Per Share | PLN | 0 | 0 | 0 | 5.15 | 0 | ||||||||||||||||||||||
Price/Earnings (P/E) | ... | ... | ... | ... | ... | ... | ... | ... | ... | 16.1 | 10.3 | 11.8 | 18.3 | 16.5 | ||||||||||||||
Price/Book Value (P/BV) | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.90 | 1.08 | 1.09 | 1.38 | 1.18 | ||||||||||||||
Dividend Yield | % | 0 | 0 | 0 | 1.11 | 0 | ||||||||||||||||||||||
Earnings Per Share Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 8.28 | -1.94 | -6.75 | -10.4 | 1.40 | ||||||||||
Book Value Per Share Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 7.82 | 10.8 | 6.24 | 9.42 | 6.08 |
income statement | Unit | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
income statement | ||||||||||||||||||||||||||||
Interest Income | PLN mil | ... | 3,976 | 3,678 | 3,876 | 4,056 | 4,522 | |||||||||||||||||||||
Interest Cost | PLN mil | ... | ... | 1,466 | 1,149 | 1,040 | 916 | 1,022 | ||||||||||||||||||||
Net Interest Income | PLN mil | ... | 2,511 | 2,529 | 2,836 | 3,139 | 3,500 | |||||||||||||||||||||
Net Fee Income | PLN mil | ... | ... | 902 | 897 | 906 | 992 | 976 | ||||||||||||||||||||
Fee Income | PLN mil | ... | ... | 1,400 | 1,434 | 1,551 | 1,660 | 1,630 | ||||||||||||||||||||
Fee Expense | PLN mil | ... | ... | 498 | 537 | 644 | 668 | 654 | ||||||||||||||||||||
Other Income | PLN mil | ... | ... | 1,119 | 1,067 | 1,246 | 1,075 | 937 | ||||||||||||||||||||
Total Revenues | PLN mil | ... | ... | 4,531 | 4,493 | 4,988 | 5,206 | 5,413 | ||||||||||||||||||||
Staff Cost | PLN mil | ... | ... | 819 | 835 | 865 | 903 | 952 | ||||||||||||||||||||
Operating Cost | PLN mil | ... | 1,831 | 1,930 | 2,035 | 2,148 | 2,291 | |||||||||||||||||||||
Operating Profit | PLN mil | ... | ... | 2,701 | 2,563 | 2,954 | 3,058 | 3,122 | ||||||||||||||||||||
Provisions | PLN mil | 521 | 425 | 367 | 508 | 528 | ||||||||||||||||||||||
Extra and Other Cost | PLN mil | ... | ... | 498 | 541 | 973 | 1,042 | 1,069 | ||||||||||||||||||||
Pre-Tax Profit | PLN mil | ... | ... | 1,681 | 1,598 | 1,613 | 1,508 | 1,526 | ||||||||||||||||||||
Tax | PLN mil | ... | 369 | 310 | 411 | 429 | 434 | |||||||||||||||||||||
Minorities | PLN mil | ... | 2.64 | 2.88 | 2.94 | 3.54 | -0.082 | |||||||||||||||||||||
Net Profit | PLN mil | ... | 1,310 | 1,285 | 1,199 | 1,075 | 1,091 | |||||||||||||||||||||
Net Profit Avail. to Common | PLN mil | ... | 1,310 | 1,285 | 1,199 | 1,075 | 1,091 | |||||||||||||||||||||
Dividends | PLN mil | ... | ... | ... | ... | 0 | 0 | 0 | 218 | 0 | ||||||||||||||||||
growth rates | ||||||||||||||||||||||||||||
Net Interest Income Growth | % | ... | ... | 11.5 | 0.727 | 12.1 | 10.7 | 11.5 | ||||||||||||||||||||
Net Fee Income Growth | % | ... | ... | ... | 8.02 | -0.501 | 1.03 | 9.46 | -1.64 | |||||||||||||||||||
Total Revenue Growth | % | ... | ... | ... | 7.61 | -0.837 | 11.0 | 4.36 | 3.99 | |||||||||||||||||||
Operating Cost Growth | % | ... | ... | ... | 4.40 | 5.42 | 5.44 | 5.55 | 6.69 | |||||||||||||||||||
Operating Profit Growth | % | ... | ... | ... | 9.91 | -5.08 | 15.2 | 3.53 | 2.09 | |||||||||||||||||||
Pre-Tax Profit Growth | % | ... | ... | ... | 10.6 | -4.96 | 0.937 | -6.50 | 1.17 | |||||||||||||||||||
Net Profit Growth | % | ... | ... | 8.44 | -1.89 | -6.69 | -10.3 | 1.48 | ||||||||||||||||||||
market share | ||||||||||||||||||||||||||||
Market Share in Revenues | % | ... | ... | 7.85 | 8.03 | 8.41 | 8.43 | 8.41 | ||||||||||||||||||||
Market Share in Net Profit | % | ... | ... | ... | 8.25 | 11.5 | 8.62 | 7.91 | 8.36 | |||||||||||||||||||
Market Share in Employees | % | ... | ... | ... | ... | ... | ... | 4.79 | 5.02 | 4.98 | 3.93 | 4.01 | ... | |||||||||||||||
Market Share in Branches | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2.10 | 2.74 | 2.81 | 3.20 | 3.61 |
balance sheet | Unit | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
balance sheet | ||||||||||||||||||||||||||||
Cash & Cash Equivalents | PLN mil | 3,055 | 5,938 | 9,164 | 7,385 | 9,199 | ||||||||||||||||||||||
Interbank Loans | PLN mil | 8,188 | 2,945 | 3,894 | 1,765 | 3,693 | ||||||||||||||||||||||
Customer Loans | PLN mil | ... | ... | 70,744 | 77,403 | 81,707 | 84,419 | 93,576 | ||||||||||||||||||||
Retail Loans | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 41,561 | 46,259 | 48,950 | 48,143 | 52,925 | ||||||||||||
Mortgage Loans | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 30,511 | 34,184 | 35,369 | 32,593 | 34,697 | |||||||
Consumer Loans | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 11,050 | 12,075 | 13,581 | 15,550 | 18,229 | |||||||
Corporate Loans | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 29,003 | 32,416 | 34,118 | 37,885 | 30,061 | ||||||||||||
Investments | PLN mil | ... | ... | ... | ... | 28,245 | 31,278 | 34,440 | 33,670 | 34,598 | ||||||||||||||||||
Property and Equipment | PLN mil | ... | ... | 717 | 745 | 757 | 759 | 785 | ||||||||||||||||||||
Intangible Assets | PLN mil | ... | ... | ... | 466 | 519 | 583 | 711 | 776 | |||||||||||||||||||
Goodwill | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3.53 | 3.53 | 3.53 | 3.53 | 3.53 | ... | ||||||
Total Assets | PLN mil | ... | ... | 117,986 | 123,523 | 133,744 | 131,424 | 145,781 | ||||||||||||||||||||
Shareholders' Equity | PLN mil | 11,073 | 12,275 | 13,051 | 14,292 | 15,171 | ||||||||||||||||||||||
Of Which Minority Interest | PLN mil | ... | 29.7 | 32.6 | 27.4 | 2.19 | 2.10 | |||||||||||||||||||||
Liabilities | PLN mil | ... | ... | 106,913 | 111,248 | 120,692 | 117,132 | 130,609 | ||||||||||||||||||||
Interbank Borrowing | PLN mil | ... | 20,129 | 22,059 | 22,748 | 19,836 | 21,872 | |||||||||||||||||||||
Customer Deposits | PLN mil | 68,672 | 80,047 | 89,818 | 91,056 | 101,296 | ||||||||||||||||||||||
Sight Deposits | PLN mil | ... | ... | 42,119 | 49,736 | 60,583 | 65,820 | 74,123 | ||||||||||||||||||||
Term Deposits | PLN mil | ... | ... | 22,581 | 25,946 | 24,358 | 20,442 | 22,963 | ||||||||||||||||||||
Issued Debt Securities | PLN mil | ... | 11,475 | 3,827 | 3,943 | 2,158 | 2,474 | |||||||||||||||||||||
Subordinated Debt | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | 4,128 | 3,827 | 3,943 | 2,158 | 2,474 | ||||||||||||||
Other Liabilities | PLN mil | ... | ... | 6,637 | 5,314 | 4,184 | 4,082 | 4,968 | ||||||||||||||||||||
asset quality | ||||||||||||||||||||||||||||
Non-Performing Loans | PLN mil | ... | ... | ... | ... | 4,915 | 4,631 | 4,537 | 4,504 | 3,977 | ||||||||||||||||||
Gross Loans | PLN mil | 73,535 | 80,378 | 84,524 | 87,331 | 96,619 | ||||||||||||||||||||||
Risk-Weighted Assets | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 66,500 | 69,392 | 65,260 | 68,032 | 76,240 | ||||||||||
Total Provisions | PLN mil | ... | 2,791 | 2,976 | 2,818 | 2,912 | 3,043 | |||||||||||||||||||||
growth rates | ||||||||||||||||||||||||||||
Customer Loan Growth | % | ... | ... | ... | 8.97 | 9.41 | 5.56 | 3.32 | 10.8 | |||||||||||||||||||
Retail Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 8.49 | 11.3 | 5.82 | -1.65 | 9.93 | ||||||||||
Mortgage Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 6.33 | 12.0 | 3.47 | -7.85 | 6.45 | ||||||
Consumer Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 14.9 | 9.27 | 12.5 | 14.5 | 17.2 | ||||||
Corporate Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 10.7 | 11.8 | 5.25 | 11.0 | -20.7 | ||||||||||
Total Asset Growth | % | ... | ... | ... | 13.1 | 4.69 | 8.27 | -1.73 | 10.9 | |||||||||||||||||||
Shareholders' Equity Growth | % | ... | 7.96 | 10.9 | 6.32 | 9.50 | 6.16 | |||||||||||||||||||||
Customer Deposit Growth | % | ... | 20.4 | 16.6 | 12.2 | 1.38 | 11.2 | |||||||||||||||||||||
market share | ||||||||||||||||||||||||||||
Market Share in Customer Loans | % | ... | ... | 6.81 | 7.00 | 7.03 | 7.00 | 7.59 | ||||||||||||||||||||
Market Share in Corporate Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 9.64 | 9.90 | 9.89 | 10.4 | 8.07 | ||||||||||||
Market Share in Retail Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4.74 | 4.88 | 5.22 | 5.60 | 6.78 | |||||||
Market Share in Consumer Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 7.06 | 7.36 | 7.41 | 7.16 | 7.53 | ||||||||||||
Market Share in Mortgage Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 8.57 | 8.97 | 8.84 | 8.27 | 7.99 | |||||||
Market Share in Total Assets | % | ... | ... | 7.70 | 7.72 | 7.82 | 7.38 | 7.35 | ||||||||||||||||||||
Market Share in Customer Deposits | % | 6.56 | 7.18 | 7.41 | 7.17 | 8.20 |
ratios | Unit | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
ROE | % | ... | 12.3 | 11.0 | 9.47 | 7.87 | 7.41 | |||||||||||||||||||||
ROTE | % | ... | ... | ... | ... | 12.8 | 11.5 | 9.90 | 8.26 | 7.80 | ||||||||||||||||||
ROE (@ 15% of RWA) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 13.9 | 12.6 | 11.9 | 10.8 | 10.1 | |||||||||
ROA | % | ... | ... | ... | 1.18 | 1.06 | 0.932 | 0.811 | 0.787 | |||||||||||||||||||
Return on Loans | % | ... | ... | ... | 1.93 | 1.73 | 1.51 | 1.29 | 1.23 | |||||||||||||||||||
Operating Profit (As % of RWA) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4.31 | 3.77 | 4.39 | 4.59 | 4.33 | |||||||||
Costs (As % Of Assets) | % | ... | ... | ... | 1.65 | 1.60 | 1.58 | 1.62 | 1.65 | |||||||||||||||||||
Costs (As % Of Income) | % | ... | ... | 40.4 | 42.9 | 40.8 | 41.3 | 42.3 | ||||||||||||||||||||
Costs (As % Of Loans) | % | ... | ... | ... | 2.70 | 2.61 | 2.56 | 2.59 | 2.57 | |||||||||||||||||||
Costs (As % Of Loans & Deposits) | % | ... | ... | ... | 1.40 | 1.30 | 1.24 | 1.24 | 1.24 | |||||||||||||||||||
Capital Adequacy Ratio | % | 14.7 | 17.3 | 20.3 | 21.0 | 20.7 | ||||||||||||||||||||||
Tier 1 Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 12.2 | 14.3 | 17.3 | 18.3 | 17.5 | |||||||
Net Interest Margin | % | ... | ... | ... | 2.26 | 2.09 | 2.20 | 2.37 | 2.53 | |||||||||||||||||||
Interest Spread | % | ... | ... | ... | 2.12 | 1.99 | 2.12 | 2.29 | 2.44 | |||||||||||||||||||
Asset Yield | % | ... | ... | ... | 3.58 | 3.05 | 3.01 | 3.06 | 3.26 | |||||||||||||||||||
Revenues (As % of RWA) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 7.23 | 6.61 | 7.41 | 7.81 | 7.50 | |||||||||
Cost Of Liabilities | % | ... | ... | ... | 1.46 | 1.05 | 0.897 | 0.771 | 0.825 | |||||||||||||||||||
Payout Ratio | % | ... | ... | ... | ... | 0 | 0 | 0 | 20.3 | 0 | ||||||||||||||||||
Interest Income (As % Of Revenues) | % | ... | ... | 55.4 | 56.3 | 56.9 | 60.3 | 64.7 | ||||||||||||||||||||
Fee Income (As % Of Revenues) | % | ... | ... | 19.9 | 20.0 | 18.2 | 19.1 | 18.0 | ||||||||||||||||||||
Other Income (As % Of Revenues) | % | ... | ... | 24.7 | 23.8 | 25.0 | 20.6 | 17.3 | ||||||||||||||||||||
Staff Cost (As % Of Total Cost) | % | ... | ... | 44.8 | 43.3 | 42.5 | 42.0 | 41.6 | ||||||||||||||||||||
Equity (As % Of Assets) | % | ... | ... | 9.39 | 9.94 | 9.76 | 10.9 | 10.4 | ||||||||||||||||||||
Equity (As % Of Loans) | % | ... | ... | 15.7 | 15.9 | 16.0 | 16.9 | 16.2 | ||||||||||||||||||||
Loans (As % Of Deposits) | % | ... | ... | 103 | 96.7 | 91.0 | 92.7 | 92.4 | ||||||||||||||||||||
Loans (As % Assets) | % | ... | ... | 60.0 | 62.7 | 61.1 | 64.2 | 64.2 | ||||||||||||||||||||
NPLs (As % Of Loans) | % | ... | ... | ... | ... | 6.68 | 5.76 | 5.37 | 5.16 | 4.12 | ||||||||||||||||||
Provisions (As % Of NPLs) | % | ... | ... | ... | ... | 56.8 | 64.3 | 62.1 | 64.6 | 76.5 | ||||||||||||||||||
Provisions (As % Of Loans) | % | ... | ... | 3.95 | 3.84 | 3.45 | 3.45 | 3.25 | ||||||||||||||||||||
Cost of Provisions (As % Of Loans) | % | ... | ... | ... | 0.769 | 0.574 | 0.462 | 0.611 | 0.593 |
other data | Unit | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
Branches | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 256 | 325 | 316 | 333 | 358 | |||||||||||
Employees | ... | ... | ... | ... | ... | ... | 8,277 | 8,587 | 8,401 | 6,455 | 6,524 | ... | ||||||||||||||||
Employees Per Bank Branch | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 32.3 | 26.4 | 26.6 | 19.4 | 18.2 | ... | ||||||||
Cost Per Employee | USD per month | ... | ... | ... | ... | ... | ... | ... | 2,517 | 2,178 | 2,124 | 3,043 | 3,360 | ... | ||||||||||||||
Cost Per Employee (Local Currency) | PLN per month | ... | ... | ... | ... | ... | ... | ... | 8,249 | 8,104 | 8,583 | 11,656 | 12,164 | ... |
customer breakdown | Unit | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
Customers | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4.55 | 4.66 | 5.05 | 5.34 | 5.69 | |||
Number of Primary Customers | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.565 | 0.854 | 1.18 | 1.48 | ||
Primary (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 12.1 | 16.9 | 22.1 | 26.1 | ||
Market Value per Customer (Local Currency) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4,619 | 2,824 | 2,808 | 3,692 | 3,171 | |||
Revenue per Customer (Local Currency) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 996 | 964 | 988 | 974 | 952 | |||
Net Profit per Customer (Local Currency) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 288 | 276 | 237 | 201 | 192 | |||
Loan per Customer (Local Currency) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 15,543 | 16,599 | 16,175 | 15,802 | 16,460 | |||
Deposit per Customer (Local Currency) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 15,088 | 17,166 | 17,780 | 17,044 | 17,818 | |||
Market Value per Customer | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,305 | 724 | 672 | 1,060 | 843 | |||
Revenue per Customer | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 304 | 259 | 244 | 254 | 263 | |||
Net Profit per Customer | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 87.8 | 74.1 | 58.8 | 52.6 | 53.0 | |||
Loan per Customer | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4,390 | 4,255 | 3,870 | 4,539 | 4,378 | |||
Deposit per Customer | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4,262 | 4,400 | 4,254 | 4,896 | 4,739 |
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By Helgi Analytics - March 23, 2021
mBank's customer deposits reached PLN 91,056 mil in 2017-12-31, up 2.44% compared to the previous year. Polish banking sector accepted customer deposits of PLN 1,079 bil in 2017-12-31, up 4.48% when compared to the last year. mBank accounted for 8.44% of ...
By Helgi Analytics - March 23, 2021
mBank's customer loans reached PLN 84,419 mil in 2017-12-31, down 1.24% compared to the previous year. Polish banking sector provided customer loans of PLN 1,040 bil in 2017-12-31, down 0.252% when compared to the last year. mBank accounted for 7.80% of a...
By Helgi Analytics - March 23, 2021
mBank's consumer loans reached PLN 15,550 mil in 2017-12-31, up 1.93% compared to the previous year. Polish banking sector provided consumer loans of PLN 277 bil in 2017-12-31, up 1.05% when compared to the last year. mBank accounted for 5.62% of all cons...
By Helgi Analytics - March 23, 2021
mBank's retail loans reached PLN 48,143 mil in the fourth quarter of 2017, down 1.65% compared to the previous year. Polish banking sector provided retail loans of PLN 668 bil in 4Q2017, down 0.192% when compared to the last year. mBank accounted for 7.21...
By Helgi Analytics - March 23, 2021
mBank's cost to income ratio reached 38.9% in the third quarter of 2020, up from 27.5% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 74.5% of income in 4Q2008 and an all time low of 27.5% in 2Q2020. W...
By Helgi Analytics - March 23, 2021
mBank's mortgage loans reached PLN 32,593 mil in 2017-12-31, down 3.27% compared to the previous year. Polish banking sector provided mortgage loans of PLN 391 bil in 2017-12-31, down 1.05% when compared to the last year. mBank accounted for 8.34% of all ...
By Helgi Analytics - March 23, 2021
mBank's non-performing loans reached 4.18% of total loans at the end of 2020-12-31, up from 3.79% compared to the previous year. Historically, the NPL ratio hit an all time high of 44.2% in 2004-03-31 and an all time low of 2.75% in 2008-09-30. Provision co...
By Helgi Analytics - March 23, 2021
mBank stock traded at per share at the end first quarter of 1970 implying a market capitalization of. Since the end of 1Q1965, the stock has A PHP Error was encountered Severity: Warning Message: A non-numeric value encountered Filename: src/Environment.php(418) : eval()'d c...
By Helgi Analytics - March 23, 2021
mBank's net interest margin amounted to 2.16% in the fourth quarter of 2020, up from 2.10% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 2.74% in 3Q2019 and an all time low of 0.748% in 4...
By Helgi Analytics - March 23, 2021
mBank employed 6,754 persons in 2020-09-30, down 28.7% when compared to the previous year. Historically, the bank's workforce hit an all time high of 9,477 persons in 2020-06-30 and an all time low of 4,729 in 2011-12-31. Average cost reached USD 2,899 per month ...
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 6.61% and 7.18% a year on average in the last 10 years. Its loans and deposits have grown by 6.93% and 11.9% a year during that time and loans to deposits ratio reached 80.1% at the end of 2020. The company achieved an average return on equity of 10.2% in the last decade with net profit growing 4.42% a year on average. In terms of operating efficiency, its cost to income ratio reached 39.1% in 2020, compared to 41.5% average in the last decade.
Equity represented 9.26% of total assets or 15.2% of loans at the end of 2020. mBank's non-performing loans were 4.18% of total loans while provisions covered some 77.0% of NPLs at the end of 2020.
mBank stock traded at per share at the end of 2020 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 7.07% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 8.15x and price to book value (PBV) of 0.455x in 2020.