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 - 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...
| Profit Statement | 2020 | 2021 | 2022 | |
| Net Interest Income | PLN mil | 4,014 | 4,126 | 5,924 |
| Net Fee Income | PLN mil | 1,508 | 1,868 | 2,120 |
| Other Income | PLN mil | 1,248 | 117 | -187 |
| Total Revenues | PLN mil | 6,771 | 6,111 | 7,857 |
| Staff Cost | PLN mil | 975 | 1,071 | 1,227 |
| Operating Profit | PLN mil | 4,125 | 3,654 | 4,538 |
| Provisions | PLN mil | 1,226 | 3,637 | 3,962 |
| Net Profit | PLN mil | 931 | -1,179 | -703 |
| Balance Sheet | 2020 | 2021 | 2022 | |
| Interbank Loans | PLN mil | 7,458 | 7,230 | 9,806 |
| Customer Loans | PLN mil | 109,540 | 117,677 | 120,183 |
| Investments | PLN mil | 54,316 | 52,676 | 55,335 |
| Total Assets | PLN mil | 180,136 | 198,373 | 209,892 |
| Shareholders' Equity | PLN mil | 16,675 | 13,718 | 12,715 |
| Interbank Borrowing | PLN mil | 16,489 | 5,266 | 5,356 |
| Customer Deposits | PLN mil | 136,834 | 157,072 | 174,131 |
| Issued Debt Securities | PLN mil | 3,350 | 16,054 | 12,206 |
| Ratios | 2020 | 2021 | 2022 | |
| ROE | % | 5.67 | -7.76 | -5.32 |
| ROA | % | 0.550 | -0.623 | -0.344 |
| Costs (As % Of Assets) | % | 1.56 | 1.30 | 1.63 |
| Costs (As % Of Income) | % | 39.1 | 40.2 | 42.2 |
| Capital Adequacy Ratio | % | 19.8 | 16.6 | 16.4 |
| Net Interest Margin | % | 2.37 | 2.18 | 2.90 |
| Loans (As % Of Deposits) | % | 80.1 | 74.9 | 69.0 |
| NPLs (As % Of Loans) | % | 4.18 | 3.93 | 3.97 |
| Provisions (As % Of NPLs) | % | 77.0 | 66.8 | 66.3 |
| Valuation | 2020 | 2021 | 2022 | |
| Market Capitalisation | USD mil | 2,032 | 4,522 | 2,536 |
| Number Of Shares | mil | 42.4 | 42.4 | 42.4 |
| Share Price | PLN | 179 | 433 | 296 |
| Price/Earnings (P/E) | 8.15 | -15.6 | -17.9 | |
| Price/Book Value (P/BV) | 0.455 | 1.34 | 0.988 | |
| Dividend Yield | % | 0 | 0 | 0 |
| Earnings Per Share (EPS) | PLN | 22.0 | -27.8 | -16.6 |
| Book Value Per Share | PLN | 393 | 324 | 300 |
| 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 | 2021 | 2022 |
| income statement | ||||||||||||||||||||||||||||||
| Net Interest Income | PLN mil | ... | ... | 2,836 | 3,139 | 3,500 | 4,007 | 4,014 | ||||||||||||||||||||||
| Total Revenues | PLN mil | ... | ... | 4,988 | 5,206 | 5,413 | 6,327 | 6,771 | ||||||||||||||||||||||
| Operating Profit | PLN mil | ... | ... | 2,954 | 3,058 | 3,122 | 3,789 | 4,125 | ||||||||||||||||||||||
| Net Profit | PLN mil | ... | ... | 1,199 | 1,075 | 1,091 | 1,272 | 931 | ||||||||||||||||||||||
| balance sheet | ||||||||||||||||||||||||||||||
| Interbank Loans | PLN mil | ... | ... | 3,894 | 1,765 | 3,693 | 4,355 | 7,458 | ||||||||||||||||||||||
| Customer Loans | PLN mil | ... | ... | 81,707 | 84,419 | 93,576 | 105,161 | 109,540 | ||||||||||||||||||||||
| Investments | PLN mil | ... | ... | 34,440 | 33,670 | 34,598 | 36,211 | 54,316 | ||||||||||||||||||||||
| Total Assets | PLN mil | ... | ... | 133,744 | 131,424 | 145,781 | 158,721 | 180,136 | ||||||||||||||||||||||
| Shareholders' Equity | PLN mil | ... | ... | 13,051 | 14,292 | 15,171 | 16,153 | 16,675 | ||||||||||||||||||||||
| Interbank Borrowing | PLN mil | ... | ... | 22,748 | 19,836 | 21,871 | 18,777 | 16,489 | ||||||||||||||||||||||
| Customer Deposits | PLN mil | ... | ... | 89,817 | 91,056 | 101,296 | 115,989 | 136,834 | ||||||||||||||||||||||
| Issued Debt Securities | PLN mil | ... | ... | 3,943 | 2,158 | 2,474 | 2,997 | 3,350 | ||||||||||||||||||||||
| ratios | ||||||||||||||||||||||||||||||
| ROE | % | ... | ... | 9.47 | 7.87 | 7.41 | 8.12 | 5.67 | ||||||||||||||||||||||
| ROA | % | ... | ... | 0.932 | 0.811 | 0.787 | 0.836 | 0.550 | ||||||||||||||||||||||
| Costs (As % Of Assets) | % | ... | ... | 1.58 | 1.62 | 1.65 | 1.67 | 1.56 | ||||||||||||||||||||||
| Costs (As % Of Income) | % | ... | ... | 40.8 | 41.3 | 42.3 | 40.1 | 39.1 | ||||||||||||||||||||||
| Capital Adequacy Ratio | % | 20.3 | 21.0 | 20.7 | 19.5 | 19.8 | ||||||||||||||||||||||||
| Net Interest Margin | % | ... | ... | 2.20 | 2.37 | 2.53 | 2.63 | 2.37 | ||||||||||||||||||||||
| Interest Income (As % Of Revenues) | % | ... | ... | 56.9 | 60.3 | 64.7 | 63.3 | 59.3 | ||||||||||||||||||||||
| Fee Income (As % Of Revenues) | % | ... | ... | 18.2 | 19.1 | 18.0 | 15.2 | 22.3 | ||||||||||||||||||||||
| Staff Cost (As % Of Total Cost) | % | ... | ... | 42.5 | 42.0 | 41.6 | 40.2 | 36.8 | ||||||||||||||||||||||
| Equity (As % Of Assets) | % | ... | ... | 9.76 | 10.9 | 10.4 | 10.2 | 9.26 | ||||||||||||||||||||||
| Loans (As % Of Deposits) | % | ... | ... | 91.0 | 92.7 | 92.4 | 90.7 | 80.1 | ||||||||||||||||||||||
| Loans (As % Assets) | % | ... | ... | 61.1 | 64.2 | 64.2 | 66.3 | 60.8 | ||||||||||||||||||||||
| NPLs (As % Of Loans) | % | ... | ... | 5.37 | 5.16 | 4.12 | 3.79 | 4.18 | ||||||||||||||||||||||
| Provisions (As % Of NPLs) | % | ... | ... | 62.1 | 64.6 | 76.5 | 77.7 | 77.0 | ||||||||||||||||||||||
| valuation | ||||||||||||||||||||||||||||||
| Market Capitalisation | USD mil | 3,394 | 5,665 | 4,795 | 4,351 | 2,032 | ||||||||||||||||||||||||
| Number Of Shares | mil | 42.3 | 42.3 | 42.3 | 42.4 | 42.4 | ||||||||||||||||||||||||
| Share Price | PLN | 335 | 465 | 424 | 389 | 179 | ||||||||||||||||||||||||
| Earnings Per Share (EPS) | PLN | ... | 28.4 | 25.4 | 25.8 | 30.0 | 22.0 | |||||||||||||||||||||||
| Book Value Per Share | PLN | ... | ... | 309 | 338 | 358 | 381 | 393 | ||||||||||||||||||||||
| Dividend Per Share | PLN | 0 | 5.15 | 0 | 0 | 0 | ||||||||||||||||||||||||
| Price/Earnings (P/E) | ... | 11.8 | 18.3 | 16.5 | 13.0 | 8.15 | ||||||||||||||||||||||||
| Price/Book Value (P/BV) | ... | ... | 1.09 | 1.38 | 1.18 | 1.02 | 0.455 | |||||||||||||||||||||||
| Dividend Yield | % | 0 | 1.11 | 0 | 0 | 0 | ||||||||||||||||||||||||
| Earnings Per Share Growth | % | ... | ... | ... | -6.75 | -10.4 | 1.40 | 16.5 | -26.8 | |||||||||||||||||||||
| Book Value Per Share Growth | % | ... | ... | ... | 6.24 | 9.42 | 6.08 | 6.44 | 3.18 |
| 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 | 2021 | 2022 |
| income statement | ||||||||||||||||||||||||||||||
| Interest Income | PLN mil | ... | ... | 3,876 | 4,056 | 4,522 | 5,076 | 4,693 | ||||||||||||||||||||||
| Interest Cost | PLN mil | ... | ... | 1,040 | 916 | 1,022 | 1,069 | 679 | ||||||||||||||||||||||
| Net Interest Income | PLN mil | ... | ... | 2,836 | 3,139 | 3,500 | 4,007 | 4,014 | ||||||||||||||||||||||
| Net Fee Income | PLN mil | ... | ... | 906 | 992 | 976 | 965 | 1,508 | ||||||||||||||||||||||
| Fee Income | PLN mil | ... | ... | 1,551 | 1,660 | 1,630 | 1,705 | 2,245 | ||||||||||||||||||||||
| Fee Expense | PLN mil | ... | ... | 644 | 668 | 654 | 740 | 736 | ||||||||||||||||||||||
| Other Income | PLN mil | ... | ... | 1,246 | 1,075 | 937 | 1,355 | 1,248 | ||||||||||||||||||||||
| Total Revenues | PLN mil | ... | ... | 4,988 | 5,206 | 5,413 | 6,327 | 6,771 | ||||||||||||||||||||||
| Staff Cost | PLN mil | ... | ... | 865 | 903 | 952 | 1,019 | 975 | ||||||||||||||||||||||
| Depreciation | PLN mil | ... | ... | ... | ... | ... | ... | ... | 224 | 224 | 253 | 375 | 431 | |||||||||||||||||
| Other Cost | PLN mil | ... | ... | ... | ... | ... | ... | ... | 946 | 1,021 | 1,087 | 1,142 | 1,241 | |||||||||||||||||
| Operating Cost | PLN mil | ... | ... | 2,035 | 2,148 | 2,291 | 2,537 | 2,646 | ||||||||||||||||||||||
| Operating Profit | PLN mil | ... | ... | 2,954 | 3,058 | 3,122 | 3,789 | 4,125 | ||||||||||||||||||||||
| Provisions | PLN mil | ... | ... | 367 | 508 | 528 | 712 | 1,226 | ||||||||||||||||||||||
| Extra and Other Cost | PLN mil | ... | ... | 973 | 1,042 | 1,069 | 1,199 | 1,268 | ||||||||||||||||||||||
| Pre-Tax Profit | PLN mil | ... | ... | 1,613 | 1,508 | 1,526 | 1,878 | 1,631 | ||||||||||||||||||||||
| Tax | PLN mil | ... | ... | 411 | 429 | 434 | 606 | 700 | ||||||||||||||||||||||
| Minorities | PLN mil | ... | ... | 2.94 | 3.54 | -0.082 | -0.098 | -0.074 | ||||||||||||||||||||||
| Net Profit | PLN mil | ... | ... | 1,199 | 1,075 | 1,091 | 1,272 | 931 | ||||||||||||||||||||||
| Net Profit Avail. to Common | PLN mil | ... | ... | 1,199 | 1,075 | 1,091 | 1,272 | 931 | ||||||||||||||||||||||
| Dividends | PLN mil | ... | ... | 0 | 218 | 0 | 0 | 0 | ||||||||||||||||||||||
| growth rates | ||||||||||||||||||||||||||||||
| Net Interest Income Growth | % | ... | ... | ... | 12.1 | 10.7 | 11.5 | 14.5 | 0.181 | |||||||||||||||||||||
| Net Fee Income Growth | % | ... | ... | ... | 1.03 | 9.46 | -1.64 | -1.15 | 56.4 | |||||||||||||||||||||
| Total Revenue Growth | % | ... | ... | ... | 11.0 | 4.36 | 3.99 | 16.9 | 7.02 | |||||||||||||||||||||
| Operating Cost Growth | % | ... | ... | ... | 5.44 | 5.55 | 6.69 | 10.7 | 4.29 | |||||||||||||||||||||
| Operating Profit Growth | % | ... | ... | ... | 15.2 | 3.53 | 2.09 | 21.4 | 8.85 | |||||||||||||||||||||
| Pre-Tax Profit Growth | % | ... | ... | ... | 0.937 | -6.50 | 1.17 | 23.1 | -13.1 | |||||||||||||||||||||
| Net Profit Growth | % | ... | ... | ... | -6.69 | -10.3 | 1.48 | 16.6 | -26.8 | |||||||||||||||||||||
| market share | ||||||||||||||||||||||||||||||
| Market Share in Revenues | % | ... | ... | 8.43 | 8.41 | 8.41 | 8.99 | 11.0 | ... | |||||||||||||||||||||
| Market Share in Net Profit | % | ... | ... | 8.62 | 7.87 | 8.36 | 9.24 | -275 | ||||||||||||||||||||||
| Market Share in Employees | % | 4.98 | 3.93 | 4.01 | 4.32 | 4.49 | ||||||||||||||||||||||||
| Market Share in Bank Cards | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 8.64 | 8.86 | 8.88 | 8.35 | 8.75 | |||||||||||||
| Market Share in Debit Cards | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 9.28 | 9.43 | 9.39 | 8.69 | 9.70 | |||||||||||||
| Market Share in Credit Cards | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5.26 | 5.60 | 5.81 | 6.14 | ... | ... | ... | |||||||||||
| Market Share in Branches | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2.32 | 2.40 | 2.83 | 3.18 | 3.67 | ... | ... |
| 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 | 2021 | 2022 |
| balance sheet | ||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | PLN mil | ... | ... | 9,164 | 7,385 | 9,199 | 7,897 | 3,969 | ||||||||||||||||||||||
| Interbank Loans | PLN mil | ... | ... | 3,894 | 1,765 | 3,693 | 4,355 | 7,458 | ||||||||||||||||||||||
| Customer Loans | PLN mil | ... | ... | 81,707 | 84,419 | 93,576 | 105,161 | 109,540 | ||||||||||||||||||||||
| Retail Loans | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 48,950 | 48,143 | 52,925 | 59,999 | 67,154 | |||||||||||||||
| Mortgage Loans | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 35,369 | 32,593 | 34,697 | 38,979 | 45,979 | ||||||||||||||
| Consumer Loans | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 13,581 | 15,550 | 18,229 | 21,020 | 21,175 | ||||||||||||||
| Corporate Loans | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 34,118 | 37,885 | 30,061 | 35,718 | 33,464 | |||||||||||||||
| Investments | PLN mil | ... | ... | 34,440 | 33,670 | 34,598 | 36,211 | 54,316 | ||||||||||||||||||||||
| Property and Equipment | PLN mil | ... | ... | 757 | 759 | 785 | 1,262 | 1,515 | ||||||||||||||||||||||
| Intangible Assets | PLN mil | ... | ... | ... | 583 | 711 | 776 | 955 | 1,179 | |||||||||||||||||||||
| Goodwill | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3.53 | 3.53 | 3.53 | 27.8 | ... | ... | ... | |||||||
| Total Assets | PLN mil | ... | ... | 133,744 | 131,424 | 145,781 | 158,721 | 180,136 | ||||||||||||||||||||||
| Shareholders' Equity | PLN mil | ... | ... | 13,051 | 14,292 | 15,171 | 16,153 | 16,675 | ||||||||||||||||||||||
| Of Which Minority Interest | PLN mil | ... | ... | 27.4 | 2.19 | 2.10 | 2.00 | 1.93 | ||||||||||||||||||||||
| Liabilities | PLN mil | ... | ... | 120,692 | 117,132 | 130,609 | 142,567 | 163,461 | ||||||||||||||||||||||
| Interbank Borrowing | PLN mil | ... | ... | 22,748 | 19,836 | 21,871 | 18,777 | 16,489 | ||||||||||||||||||||||
| Customer Deposits | PLN mil | ... | ... | 89,817 | 91,056 | 101,296 | 115,989 | 136,834 | ||||||||||||||||||||||
| Retail Deposits | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 53,495 | 55,694 | 65,924 | 77,664 | 97,976 | ||||||||||||||
| Corporate Deposits | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 33,182 | 30,447 | 31,889 | 34,702 | 35,250 | ||||||||||||||
| Sight Deposits | PLN mil | ... | ... | 60,583 | 65,820 | 74,123 | 88,074 | 121,812 | ||||||||||||||||||||||
| Term Deposits | PLN mil | ... | ... | 24,358 | 20,442 | 22,963 | 24,175 | 10,890 | ||||||||||||||||||||||
| Issued Debt Securities | PLN mil | ... | ... | 3,943 | 2,158 | 2,474 | 2,997 | 3,350 | ||||||||||||||||||||||
| Subordinated Debt | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | 3,943 | 2,158 | 2,474 | 2,500 | 2,578 | ||||||||||||||||
| Other Liabilities | PLN mil | ... | ... | 4,184 | 4,082 | 4,968 | 4,804 | 6,788 | ||||||||||||||||||||||
| asset quality | ||||||||||||||||||||||||||||||
| Non-Performing Loans | PLN mil | ... | ... | 4,537 | 4,504 | 3,977 | 4,106 | 4,730 | ||||||||||||||||||||||
| Gross Loans | PLN mil | ... | ... | 84,524 | 87,331 | 96,619 | 108,352 | 113,181 | ||||||||||||||||||||||
| Risk-Weighted Assets | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 65,260 | 68,032 | 76,240 | 84,106 | 88,540 | ||||||||||||
| Total Provisions | PLN mil | ... | ... | 2,817 | 2,912 | 3,043 | 3,190 | 3,641 | ||||||||||||||||||||||
| growth rates | ||||||||||||||||||||||||||||||
| Customer Loan Growth | % | ... | ... | ... | 5.56 | 3.32 | 10.8 | 12.4 | 4.16 | |||||||||||||||||||||
| Retail Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5.82 | -1.65 | 9.93 | 13.4 | 11.9 | |||||||||||||
| Mortgage Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3.47 | -7.85 | 6.45 | 12.3 | 18.0 | |||||||||||||
| Consumer Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 12.5 | 14.5 | 17.2 | 15.3 | 0.741 | |||||||||||||
| Corporate Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5.25 | 11.0 | -20.7 | 18.8 | -6.31 | |||||||||||||
| Total Asset Growth | % | ... | ... | ... | 8.27 | -1.73 | 10.9 | 8.88 | 13.5 | |||||||||||||||||||||
| Shareholders' Equity Growth | % | ... | ... | ... | 6.32 | 9.50 | 6.16 | 6.47 | 3.23 | |||||||||||||||||||||
| Customer Deposit Growth | % | ... | ... | ... | 12.2 | 1.38 | 11.2 | 14.5 | 18.0 | |||||||||||||||||||||
| Retail Deposit Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 16.0 | 4.11 | 18.4 | 17.8 | 26.2 | |||||||||||||
| Corporate Deposit Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -3.61 | -8.24 | 4.74 | 8.82 | 1.58 | |||||||||||||
| market share | ||||||||||||||||||||||||||||||
| Market Share in Customer Loans | % | ... | ... | 6.99 | 6.97 | 7.01 | 7.55 | 7.82 | ||||||||||||||||||||||
| Market Share in Corporate Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 9.89 | 10.4 | 8.07 | 9.32 | 9.12 | |||||||||||||||
| Market Share in Retail Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 7.46 | 7.21 | 7.53 | 8.11 | 8.85 | |||||||||||||||
| Market Share in Consumer Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5.22 | 5.60 | 5.68 | 6.22 | 6.32 | ||||||||||||||
| Market Share in Mortgage Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 8.91 | 8.34 | 9.08 | 9.70 | 10.8 | ||||||||||||||
| Market Share in Total Assets | % | ... | ... | 8.01 | 7.60 | 7.73 | 7.97 | 7.70 | ||||||||||||||||||||||
| Market Share in Customer Deposits | % | ... | ... | 7.44 | 7.22 | 7.43 | 7.86 | 8.13 | ||||||||||||||||||||||
| Market Share in Retail Deposits | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 7.99 | 8.03 | 8.66 | 9.33 | 10.9 | ||||||||||||||
| Market Share in Corporate Deposits | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 9.44 | 8.25 | 8.18 | 8.08 | 6.71 |
| 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 | 2021 | 2022 |
| ROE | % | ... | ... | 9.47 | 7.87 | 7.41 | 8.12 | 5.67 | ||||||||||||||||||||||
| ROTE | % | ... | ... | ... | ... | 9.90 | 8.26 | 7.80 | 8.60 | 6.07 | ||||||||||||||||||||
| ROE (@ 15% of RWA) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 11.9 | 10.8 | 10.1 | 10.6 | 7.19 | |||||||||||
| ROA | % | ... | ... | 0.932 | 0.811 | 0.787 | 0.836 | 0.550 | ||||||||||||||||||||||
| Return on Loans | % | ... | ... | 1.51 | 1.29 | 1.23 | 1.28 | 0.868 | ||||||||||||||||||||||
| Operating Profit (As % of RWA) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4.39 | 4.59 | 4.33 | 4.73 | 4.78 | |||||||||||
| Costs (As % Of Assets) | % | ... | ... | 1.58 | 1.62 | 1.65 | 1.67 | 1.56 | ||||||||||||||||||||||
| Costs (As % Of Income) | % | ... | ... | 40.8 | 41.3 | 42.3 | 40.1 | 39.1 | ||||||||||||||||||||||
| Costs (As % Of Loans) | % | ... | ... | 2.56 | 2.59 | 2.57 | 2.55 | 2.46 | ||||||||||||||||||||||
| Costs (As % Of Loans & Deposits) | % | ... | ... | ... | 1.24 | 1.24 | 1.24 | 1.22 | 1.13 | |||||||||||||||||||||
| Capital Adequacy Ratio | % | 20.3 | 21.0 | 20.7 | 19.5 | 19.8 | ||||||||||||||||||||||||
| Tier 1 Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 17.3 | 18.3 | 17.5 | 16.5 | 16.9 | |||||||||
| Net Interest Margin | % | ... | ... | 2.20 | 2.37 | 2.53 | 2.63 | 2.37 | ||||||||||||||||||||||
| Interest Spread | % | ... | ... | 2.12 | 2.29 | 2.44 | 2.55 | 2.33 | ||||||||||||||||||||||
| Asset Yield | % | ... | ... | 3.01 | 3.06 | 3.26 | 3.33 | 2.77 | ||||||||||||||||||||||
| Revenues (As % of RWA) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 7.41 | 7.81 | 7.50 | 7.89 | 7.84 | |||||||||||
| Cost Of Liabilities | % | ... | ... | 0.897 | 0.771 | 0.825 | 0.783 | 0.444 | ||||||||||||||||||||||
| Payout Ratio | % | ... | ... | 0 | 20.3 | 0 | 0 | 0 | ||||||||||||||||||||||
| Interest Income (As % Of Revenues) | % | ... | ... | 56.9 | 60.3 | 64.7 | 63.3 | 59.3 | ||||||||||||||||||||||
| Fee Income (As % Of Revenues) | % | ... | ... | 18.2 | 19.1 | 18.0 | 15.2 | 22.3 | ||||||||||||||||||||||
| Other Income (As % Of Revenues) | % | ... | ... | 25.0 | 20.6 | 17.3 | 21.4 | 18.4 | ||||||||||||||||||||||
| Staff Cost (As % Of Total Cost) | % | ... | ... | 42.5 | 42.0 | 41.6 | 40.2 | 36.8 | ||||||||||||||||||||||
| Equity (As % Of Assets) | % | ... | ... | 9.76 | 10.9 | 10.4 | 10.2 | 9.26 | ||||||||||||||||||||||
| Equity (As % Of Loans) | % | ... | ... | 16.0 | 16.9 | 16.2 | 15.4 | 15.2 | ||||||||||||||||||||||
| Loans (As % Of Deposits) | % | ... | ... | 91.0 | 92.7 | 92.4 | 90.7 | 80.1 | ||||||||||||||||||||||
| Loans (As % Assets) | % | ... | ... | 61.1 | 64.2 | 64.2 | 66.3 | 60.8 | ||||||||||||||||||||||
| NPLs (As % Of Loans) | % | ... | ... | 5.37 | 5.16 | 4.12 | 3.79 | 4.18 | ||||||||||||||||||||||
| Provisions (As % Of NPLs) | % | ... | ... | 62.1 | 64.6 | 76.5 | 77.7 | 77.0 | ||||||||||||||||||||||
| Provisions (As % Of Loans) | % | ... | ... | 3.45 | 3.45 | 3.25 | 3.03 | 3.32 | ||||||||||||||||||||||
| Cost of Provisions (As % Of Loans) | % | ... | ... | 0.462 | 0.611 | 0.593 | 0.717 | 1.14 |
| 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 | 2021 | 2022 |
| Branches | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 316 | 333 | 358 | 390 | 383 | |||||||||||||
| Employees | 8,401 | 6,455 | 6,524 | 6,771 | 6,688 | |||||||||||||||||||||||||
| Employees Per Bank Branch | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 26.6 | 19.4 | 18.2 | 17.4 | 17.5 | |||||||||||||
| Cost Per Employee | USD per month | ... | ... | 2,124 | 3,043 | 3,360 | 3,320 | 3,115 | ||||||||||||||||||||||
| Cost Per Employee (Local Currency) | PLN per month | ... | ... | 8,583 | 11,656 | 12,164 | 12,545 | 12,145 |
| 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 | 2021 | 2022 |
| Customers | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5.05 | 5.34 | 5.69 | 5.60 | 5.66 | |||||||||||||
| Number of Primary Customers | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.854 | 1.18 | 1.48 | 1.90 | 2.27 | ... | ... | |
| Payment Cards | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3.19 | 3.46 | 3.66 | 3.59 | 3.82 | |||||||||||||
| Debit Cards | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2.88 | 3.14 | 3.32 | 3.23 | 3.47 | |||||||||||||
| Credit Cards | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.309 | 0.326 | 0.341 | 0.355 | 0.349 | |||||||||||||
| Primary (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 16.9 | 22.1 | 26.1 | 33.8 | 40.2 | ... | ... | |
| Payments Cards (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 63.1 | 64.8 | 64.4 | 64.0 | 67.5 | |||||||||||||
| Debit Cards (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 56.9 | 58.7 | 58.4 | 57.7 | 61.3 | |||||||||||||
| Credit Cards (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 6.12 | 6.10 | 6.00 | 6.34 | 6.17 | |||||||||||||
| Market Value per Customer (Local Currency) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,808 | 3,692 | 3,171 | 2,948 | 1,349 | |||||||||||||
| Revenue per Customer (Local Currency) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 988 | 974 | 952 | 1,129 | 1,196 | |||||||||||||
| Net Profit per Customer (Local Currency) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 237 | 201 | 192 | 227 | 165 | |||||||||||||
| Loan per Customer (Local Currency) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 16,175 | 15,802 | 16,460 | 18,766 | 19,347 | |||||||||||||
| Deposit per Customer (Local Currency) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 17,780 | 17,044 | 17,818 | 20,698 | 24,168 | |||||||||||||
| Market Value per Customer | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 672 | 1,060 | 843 | 776 | 359 | |||||||||||||
| Revenue per Customer | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 244 | 254 | 263 | 299 | 307 | |||||||||||||
| Net Profit per Customer | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 58.8 | 52.6 | 53.0 | 60.1 | 42.2 | |||||||||||||
| Loan per Customer | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3,870 | 4,539 | 4,378 | 4,941 | 5,148 | |||||||||||||
| Deposit per Customer | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4,254 | 4,896 | 4,739 | 5,450 | 6,430 |
Get all company financials in excel:
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 sector accepted customer deposits of PLN 2,045 bil in 2023-06-30, up 2.00% when compared to the last year. mBank accounted for 8.64% ...
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 banking sector banking sector generated total revenues of PLN 26,662 mil in 2023-06-30, down 4.41% when compared to the last year. ...
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 banking sector banking sector generated total revenues of PLN 26,662 mil in 2023-06-30, down 4.41% when compared to the last year. ...
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 - 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 - 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
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...
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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