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mBank (formerly known as BRE Bank) is a Poland-based commercial bank. It services large corporations, small and medium-sized enterprises (SMEs), micro-enterprises and private individuals. The Bank’s customer base includes 4.1 million retail customers and 15.1 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

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Annual Quarterly

summary

Unit

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

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2017

2018

income statement

Net Interest Income	PLN mil
Total Revenues	PLN mil
Operating Profit	PLN mil
Net Profit	PLN mil

...	...	2,280	2,226	2,491	2,511	2,833
...	...	3,757	3,884	4,180	4,279	4,295
...	...	1,909	1,995	2,169	2,093	2,332
...	...	1,197	1,206	1,287	1,301	1,219

balance sheet

Interbank Loans	PLN mil
Customer Loans	PLN mil
Debt Securities	PLN mil
Total Assets	PLN mil
Shareholders' Equity	PLN mil
Interbank Borrowing	PLN mil
Customer Deposits	PLN mil
Issued Debt Securities	PLN mil

...	...	3,945	3,471	3,751	1,897	3,083
...	...	66,947	68,210	74,582	78,434	81,763
...	...	23,949	28,455	34,285	34,644	37,003
...	...	135,591	140,183	117,986	123,523	133,744
...	...	9,619	10,256	11,073	12,275	13,051
...	...	21,111	19,224	13,384	12,019	8,487
...	...	57,984	61,674	72,423	81,141	91,418
...	...	11,596	11,620	19,292	16,047	18,320

ratios

ROE	%
ROA	%
Costs (As % Of Assets)	%
Costs (As % Of Income)	%
Capital Adequacy Ratio	%
Net Interest Margin	%
Interest Income (As % Of Revenues)	%
Fee Income (As % Of Revenues)	%
Staff Cost (As % Of Total Cost)	%
Equity (As % Of Assets)	%
Loans (As % Of Deposits)	%
Loans (As % Assets)	%
NPLs (As % Of Loans)	%
Provisions (As % Of NPLs)	%

...	...	13.5%	12.1%	12.1%	11.1%	9.63%
...	...	1.02%	0.875%	0.997%	1.08%	0.948%
...	...	1.58%	1.37%	1.56%	1.81%	1.53%
...	...	49.2%	48.6%	48.1%	51.1%	45.7%
...	...	18.7%	19.4%	14.7%	17.3%	20.3%
...	...	1.94%	1.61%	1.93%	2.08%	2.20%
...	...	60.7%	57.3%	59.6%	58.7%	65.9%
...	...	20.9%	21.5%	21.6%	21.0%	21.1%
...	...	43.7%	42.8%	42.0%	39.1%	44.7%
...	...	7.09%	7.32%	9.39%	9.94%	9.76%
...	...	115%	111%	103%	96.7%	89.4%
...	...	49.4%	48.7%	63.2%	63.5%	61.1%
...	...	5.23%	6.27%	6.35%	5.69%	5.36%
...	...	69.6%	53.6%	56.8%	64.3%	62.1%

valuation

Market Capitalisation (End Of Period)	USD mil
Number Of Shares (Average)	mil
Share Price (End Of Period)	PLN
Earnings Per Share (EPS)	PLN
Book Value Per Share	PLN
Dividend Per Share	PLN
Price/Earnings (P/E)
Price/Book Value (P/BV)
Dividend Yield	%
Earnings Per Share Growth	%
Book Value Per Share Growth	%

...	...				4,442	6,977	5,932	3,842	3,369
					42.2	42.2	42.2	42.2	42.3
...	...				326	499	498	322	333
...	...				28.4	28.6	30.5	30.8	28.8
...	...				228	243	263	291	309
					9.99	17.0	0	0	0
...	...		...	...	11.5	17.4	16.3	10.5	11.5
...	...				1.43	2.05	1.90	1.11	1.08
...	...				3.06%	3.41%	0%	0%	0%
...	...	...			5.48%	0.719%	6.66%	0.979%	-6.39%
...	...	...			19.1%	6.54%	7.96%	10.7%	6.22%

Download Data

income statement

Unit

1999

2000

2001

2002

2003

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2018

income statement

Interest Income	PLN mil
Interest Cost	PLN mil
Net Interest Income	PLN mil
Net Fee Income	PLN mil
Other Income	PLN mil
Total Revenues	PLN mil
Staff Cost	PLN mil
Depreciation	PLN mil
Other Cost	PLN mil
Operating Cost	PLN mil
Operating Profit	PLN mil
Provisions	PLN mil
Extra and Other Cost	PLN mil
Pre-Tax Profit	PLN mil
Tax	PLN mil
Minorities	PLN mil
Net Profit	PLN mil
Dividends	PLN mil

...	...	4,523	3,950	3,956	3,661	3,873
...	...	2,244	1,724	1,466	1,149	1,040
...	...	2,280	2,226	2,491	2,511	2,833
...	...	787	835	902	897	906
...	...	691	823	788	871	556
...	...	3,757	3,884	4,180	4,279	4,295
...	...	808	808	844	855	877
...	...	196	188	190	200	224
...	...	844	892	978	1,131	863
...	...	1,848	1,888	2,012	2,186	1,963
...	...	1,909	1,995	2,169	2,093	2,332
...	...	445	478	516	421	365
...	...	0	0	0	54.2	329
...	...	1,465	1,518	1,653	1,618	1,638
...	...	267	309	363	314	416
...	...	0.581	2.60	2.64	2.88	2.94
...	...	1,197	1,206	1,287	1,301	1,219
		421	717	0	0	0

growth rates

Net Interest Income Growth	%
Net Fee Income Growth	%
Total Revenue Growth	%
Operating Cost Growth	%
Operating Profit Growth	%
Pre-Tax Profit Growth	%
Net Profit Growth	%

...	...	...	5.19%	-2.36%	11.9%	0.832%	12.8%
...	...	...	-6.36%	6.13%	8.02%	-0.501%	1.03%
...	...	...	6.72%	3.37%	7.64%	2.37%	0.379%
...	...	...	9.97%	2.19%	6.54%	8.66%	-10.2%
...	...	...	3.75%	4.51%	8.68%	-3.47%	11.4%
...	...	...	-0.196%	3.61%	8.89%	-2.11%	1.23%
...	...	...	5.54%	0.756%	6.66%	1.13%	-6.30%

market share

Market Share in Revenues	%
Market Share in Net Profit	%
Market Share in Employees	%
Market Share in Bank Cards	%
Market Share in Debit Cards	%
Market Share in Credit Cards	%
Market Share in Branches	%

...	...						6.39%	7.00%	7.25%	7.65%	7.24%	...
...	...		...		...		7.74%	7.95%	8.10%	11.6%	8.76%	...
...	...	...	...	...			3.37%	3.39%	3.59%	3.73%	3.77%	...
...	...	...	...	...	...		16.5%	7.78%	7.67%	10.4%	8.95%	...
...	...	...	...	...	...	...	18.0%	8.45%	8.22%	11.1%	9.36%	...
...	...	...	...	...	...	...	10.9%	4.76%	4.91%	5.72%	5.26%	...
...	...	...	...	...	...		1.48%	1.48%	1.72%	1.92%	2.18%	...

Download Data

balance sheet

Unit

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

balance sheet

Cash	PLN mil
Interbank Loans	PLN mil
Customer Loans	PLN mil
Retail Loans	PLN mil
Mortgage Loans	PLN mil
Consumer Loans	PLN mil
Corporate Loans	PLN mil
Debt Securities	PLN mil
Fixed Assets	PLN mil
Total Assets	PLN mil
Shareholders' Equity	PLN mil
Of Which Minority Interest	PLN mil
Liabilities	PLN mil
Interbank Borrowing	PLN mil
Customer Deposits	PLN mil
Retail Deposits	PLN mil
Corporate Deposits	PLN mil
Sight Deposits	PLN mil
Term Deposits	PLN mil
Issued Debt Securities	PLN mil
Other Liabilities	PLN mil

...	...												4,819	1,650	3,055	5,938	9,164
...	...												3,945	3,471	3,751	1,897	3,083
...	...												66,947	68,210	74,582	78,434	81,763
...	...	...	...	...									37,704	38,308	41,561	46,259	48,950
...	...	...	...	...	...								29,094	28,693	30,511	34,184	35,369
...	...	...	...	...	...								8,610	9,615	11,050	12,075	13,581
...	...	...	...	...									28,405	29,475	32,841	33,447	34,174
...	...												23,949	28,455	34,285	34,644	37,003
...	...												1,210	1,165	1,183	1,264	1,340
...	...												135,591	140,183	117,986	123,523	133,744
...	...												9,619	10,256	11,073	12,275	13,051
...	...												24.5	27.1	29.7	32.6	27.4
...	...												125,972	129,926	106,913	111,248	120,692
...	...												21,111	19,224	13,384	12,019	8,487
...	...												57,984	61,674	72,423	81,141	91,418
...	...	...	...	...									33,234	34,203	39,285	46,117	53,495
...	...	...	...	...									24,249	26,753	32,237	34,424	37,384
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	42,119	49,736	60,583
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	30,304	31,405	30,835
...	...												11,596	11,620	19,292	16,047	18,320
...	...												35,282	37,409	1,815	2,041	2,468

asset quality

Non-Performing Loans	PLN mil
Gross Loans	PLN mil
Total Provisions	PLN mil

...	...	3,632	4,424	4,915	4,631	4,537
...	...	69,475	70,582	77,373	81,409	84,581
...	...	2,529	2,371	2,791	2,976	2,818

growth rates

Customer Loan Growth	%
Retail Loan Growth	%
Mortgage Loan Growth	%
Consumer Loan Growth	%
Corporate Loan Growth	%
Total Asset Growth	%
Shareholders' Equity Growth	%
Customer Deposit Growth	%
Retail Deposit Growth	%
Corporate Deposit Growth	%

...	...	...					-1.33%	1.89%	9.34%	5.16%	4.25%
...	...	...	...	...	...		-2.55%	1.60%	8.49%	11.3%	5.82%
...	...	...	...	...	...	...	-5.97%	-1.38%	6.33%	12.0%	3.47%
...	...	...	...	...	...	...	11.1%	11.7%	14.9%	9.27%	12.5%
...	...	...	...	...	...		1.85%	3.77%	11.4%	1.84%	2.18%
...	...	...					37.1%	3.39%	-15.8%	4.69%	8.27%
...	...	...					19.2%	6.63%	7.96%	10.9%	6.32%
...	...	...					6.89%	6.36%	17.4%	12.0%	12.7%
...	...	...	...	...	...		24.5%	2.92%	14.9%	17.4%	16.0%
...	...	...	...	...	...		-10.2%	10.3%	20.5%	6.78%	8.60%

market share

Market Share in Customer Loans	%
Market Share in Corporate Loans	%
Market Share in Retail Loans	%
Market Share in Consumer Loans	%
Market Share in Mortgage Loans	%
Market Share in Total Assets	%
Market Share in Customer Deposits	%
Market Share in Retail Deposits	%
Market Share in Corporate Deposits	%

...	...					7.15%	7.02%	7.18%	7.10%	7.03%	...
...	...	...	...	...		10.4%	10.6%	10.9%	10.2%	9.91%	...
...	...	...	...	...	...	4.07%	4.39%	4.74%	4.88%	5.22%	...
...	...	...	...	...		7.07%	6.91%	7.06%	7.36%	7.41%	...
...	...	...	...	...	...	9.04%	8.55%	8.57%	8.97%	8.84%	...
...	...					10.0%	9.97%	7.70%	7.72%	7.82%	...
...	...					6.24%	6.31%	6.92%	7.28%	7.54%	...
...	...	...	...	...		6.44%	6.24%	6.48%	6.93%	7.32%	...
...	...	...	...	...		12.7%	12.8%	14.1%	13.6%	13.6%	...

Download Data

ratios

Unit

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

ratios

ROE	%
ROA	%
Costs (As % Of Assets)	%
Costs (As % Of Income)	%
Capital Adequacy Ratio	%
Tier 1 Ratio	%
Net Interest Margin	%
Interest Spread	%
Asset Yield	%
Cost Of Liabilities	%
Payout Ratio	%
Interest Income (As % Of Revenues)	%
Fee Income (As % Of Revenues)	%
Other Income (As % Of Revenues)	%
Cost Per Employee	USD per month
Cost Per Employee (Local Currency)	PLN per month
Staff Cost (As % Of Total Cost)	%
Equity (As % Of Assets)	%
Loans (As % Of Deposits)	%
Loans (As % Assets)	%
NPLs (As % Of Loans)	%
Provisions (As % Of NPLs)	%
Provisions (As % Of Loans)	%
Cost of Provisions (As % Of Loans)	%

...	...										13.5%	12.1%	12.1%	11.1%	9.63%
...	...										1.02%	0.875%	0.997%	1.08%	0.948%
...	...										1.58%	1.37%	1.56%	1.81%	1.53%
...	...										49.2%	48.6%	48.1%	51.1%	45.7%
...	...										18.7%	19.4%	14.7%	17.3%	20.3%
...	...	...	...	...	...	...	...	...	...	...	...	...	12.2%	14.3%	17.3%
...	...										1.94%	1.61%	1.93%	2.08%	2.20%
...	...	...									1.79%	1.52%	1.83%	1.98%	2.11%
...	...										3.86%	2.86%	3.06%	3.03%	3.01%
...	...	...									2.07%	1.35%	1.24%	1.05%	0.897%
...	...										35.2%	59.4%	0%	0%	0%
...	...										60.7%	57.3%	59.6%	58.7%	65.9%
...	...										20.9%	21.5%	21.6%	21.0%	21.1%
...	...										18.4%	21.2%	18.9%	20.3%	12.9%
...	...	...	...	...							3,373	3,509	3,398	3,324	2,770
...	...	...	...	...							10,976	11,091	11,134	10,891	11,191
...	...										43.7%	42.8%	42.0%	39.1%	44.7%
...	...										7.09%	7.32%	9.39%	9.94%	9.76%
...	...										115%	111%	103%	96.7%	89.4%
...	...										49.4%	48.7%	63.2%	63.5%	61.1%
...	...										5.23%	6.27%	6.35%	5.69%	5.36%
...	...										69.6%	53.6%	56.8%	64.3%	62.1%
...	...										3.78%	3.48%	3.74%	3.79%	3.45%
...	...										0.660%	0.707%	0.723%	0.551%	0.456%

Download Data

other data

Unit

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

other data

Branches
Employees
Clients	mil
Payment Cards	'000
Debit Cards	'000
Credit Cards	'000
Sight (As % Of Customer Deposits)	%
Risk-Weighted Assets	PLN mil

...	...	...	...	...	...								227	226	258	278	316
...	...	...	...	...									6,138	6,073	6,318	6,540	6,528
...	...	...	...	...	...								4.13	4.37	4.69	4.97	5.07
...	...	...	...	...	...								5,485	2,676	2,742	3,575	3,185
...	...	...	...	...	...	...							4,784	2,385	2,445	3,243	2,876
...	...	...	...	...	...	...							702	292	297	332	309
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	58.2%	61.3%	66.3%
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	55,473	59,040	55,821

Download Data

mBank in Quarterly Numbers

August 14, 2019

This Quarterly statistical dossier offers a summary of mBank's performance between Dec 99 and Jun 19 on an quarterly basis. The report can be downloaded as an excel file.

You will find here the key numbers from the bank's balance sheet and income statement and the main ratios related to the bank's business such as asset quality, capital

This Quarterly statistical dossier offers a summary of mBank's performance between Dec 99 and Jun 19 on an quarterly basis. The report can be downloaded as an excel file.

You will find here the key numbers from the bank's balance sheet and income statement and the main ratios related to the bank's business such as asset quality, capital ratios, number and cost of employees or a detailed breakdown of some of the bank's business such as its loan portfolio.

In addition, the excel file provides a detailed overview of the bank's market position in comparison with the overall banking sector. You can, for example, track mBank's market position in mortgage or consumer lending.

If you are only interested in particular areas of the bank's business, you can find and download specific indicators from the bank's corporate profile, or specific charts from the bank's charts section, where you can find a comparison of the bank with its peers.

If you are interested in the bank’s quarterly figures, please refer to the bank’s quarterly statistical dossier.

Comparison of 18 Banks in Poland

October 24, 2018

This Annual Statistical Dossier offers a comparison of 18 Polish banks from 1997 to 2017 on an annual basis. The report can be downloaded as an Excel file.

You will find here the key numbers from the banks' balance sheets such as loan and deposit breakdown, or capitalization, income statements for the sector and the main ratios related to the banking

This Annual Statistical Dossier offers a comparison of 18 Polish banks from 1997 to 2017 on an annual basis. The report can be downloaded as an Excel file.

You will find here the key numbers from the banks' balance sheets such as loan and deposit breakdown, or capitalization, income statements for the sector and the main ratios related to the banking business such as asset quality, number and cost of employees or details on banking infrastructure.

The file contains data of following banks:

If you are only interested in particular areas of a bank's business, you can find and download specific indicators from the bank's Corporate Profile, or specific charts from the bank's Chart Section, where you can find a comparison of the bank with its peers.

Alternatively, you can find similar data for the Czech banking sector in the banking Sector Profile.

If you are interested in the banking quarterly figures, please refer to the banking Quarterly Statistical Dossier. Download a sample excel file attached to see more details. On purchase, the hidden cells will be unlocked and all available data wll be visible.

mBank in Numbers

September 26, 2018

This Annual statistical dossier offers a summary of mBank's performance between 1999 and 2018 on an annual basis. The report can be downloaded as an excel file.

You will find here the key numbers from the bank's balance sheet and income statement and the main ratios related to the bank's business such as asset quality, capital ratios,

This Annual statistical dossier offers a summary of mBank's performance between 1999 and 2018 on an annual basis. The report can be downloaded as an excel file.

If you are interested in the bank’s quarterly figures, please refer to the bank’s quarterly statistical dossier.

BRE Bank at a Glance

November 12, 2013

BRE Bank is a Poland-based commercial bank. It services large corporations, small and medium-sized enterprises (SMEs), micro-enterprises and private individuals. The Bank’s customer base includes 4.1 million retail customers and 15.1 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, BRE Bank offers a wide range of other services such as leasing, factoring, brokerage and insurance.

This report offers a summary of the company's performance in 2001-2012. You will find here all the key numbers from the bank's balance sheet, income statement and main ratios related to the bank's business. In addition, the report provides a detailed overview of the bank's market position in the comparison with the overall banking sector

BRE Bank in Numbers

November 6, 2013

This excel file offers a summary of the company's performance on the annual basis in between 2001-2012. You will find here all the key numbers from the bank's balance sheet, income statement and main ratios related to the bank's business.

In addition, the file provides a detailed overview of the bank's market position in the comparison with the overall banking sector.

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mBank - Market Capitalization Peers Comparison

October 23, 2019

mBank stock traded at HKD 5.28 per share at the end of second quarter of 2019 implying a market capitalization of USD 49,570 mil.

Over the last five years, the stock has appreciated by 23.4 implying an annual average growth

mBank stock traded at HKD 5.28 per share at the end of second quarter of 2019 implying a market capitalization of USD 49,570 mil.

Over the last five years, the stock has appreciated by 23.4 implying an annual average growth of 4.29% In absolute terms, the value of the company grew by USD 8,535 mil.

At the end of the second quarter of 2019, the bank traded at price to earnings of 5.82x and price to book value of 0.608x. The bank generated its shareholders an average return on equity of 11.8% in the last five years and average dividend yield of 0%

You can see all the bank’s data at mBank profile, or you can download a report on the bank in the report section.

mBank - Capital To Assets

October 7, 2019

mBank's Equity reached of total assets in the 2Q2019, up from 5.59% for the previous year. As a share of net customer loans, the ratio amounted to at the end of the second quarter of 2019.

mBank - Market Share in Retail Loans

August 27, 2019

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

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% of all retail loans issued in Poland at the end of 4Q2017. Historically, the bank’s market share in retail loans reached an all time high of 7.51% in 1Q2009 and an all time low of 6.86% in 1Q2010.

That's compared to a 7.07% market share the bank held in terms of total assets at the end of fourth quarter of 2017.

You can see all the company’s data at mBank Profile, or you can download a report on the firm in the report section.

mBank - Quarterly Cost of Risk

August 23, 2019

mBank's Cost of Risk (loan loss provisions as % of total assets) amounted to 0.588% in the second quarter of 2019, up from 0.386% when compared to the previous quarter.

Historically, the bank’s cost of risk reached an all time

mBank's Cost of Risk (loan loss provisions as % of total assets) amounted to 0.588% in the second quarter of 2019, up from 0.386% when compared to the previous quarter.

Historically, the bank’s cost of risk reached an all time high of 2.17% in 2Q2009 and an all time low of -0.009% in 2Q2007. The average cost of risk in the last six quarters amounted to 0.489%.

On the other hand, average asset yield was 3.33% in 2Q2019, up from 3.22% when compared to the same period last year. Cost of funding amounted to 0.781% in 2Q2019, down from 0.812%.

When compared to bank's main peers, PKO BP operated in the second quarter of 2019 with a cost of risk of 0.391% Pekao SA reached 0.367% and ING Bank Slaski some 0.361%.

You can see all the bank’s data at mBank Profile, or you can download a report on the bank in the report section.

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mBank's net interest margin rose 4.89% to 2.63% in 2Q2019

mBank's price/earnings (P/E) fell 75.8% to 4.08 in 2Q2019

mBank's employees rose 1.52% to 6,677 in 2Q2019

mBank's corporate loans rose 1.87% to PLN 47,047 mil in 2Q2019

mBank's capital adequacy ratio fell 4.81% to 19.7% in 2Q2019

mBank's share price (end of period) rose 0.188% to PLN 426 in 2Q2019

mBank's net profit rose 102% to PLN 332 mil in 2Q2019

mBank's net interest income rose 7.26% to PLN 998 mil in 2Q2019

mBank's costs (as % of assets) fell 26.6% to 1.42% in 2Q2019

mBank's npls (as % of loans) fell 0.220% to 4.79% in 2Q2019