mBank Hipoteczny (mBH) is a mortgage bank with the longest track record of issuing covered bonds on the Polish capital market.
The main role of mBH is a ability to raise long-term financing in the form of mortgage covered bonds in order to improve the stability and diversification of financing activities of mBank Group.
mBH finances commercial investments on the real property market, including office buildings, commercial centres and facilities, hotels, warehouses, logistics centres, housing estates. Another important area of mBH’s operation is lending to the public sector in the area of municipal investments and real properties of local government units.
In addition to its lending activity, mBH offers also market analyses and advisory services addressed to investors and entities active on the commercial real property market.
According to Fitch Ratings, mBH’s long-term and short-term ratings are “BBB” and “F2”, respectively. The mortgage covered bonds issued by mBH are rated “A”. For more information about mBH’s ratings, see later in the chapter.
mFinanse is a financial services intermediary operating as an open platform for selling financial products of various institutions including mBank. Its product offer includes loans, accounts, insurance as well as investment and savings products for both individuals and companies. The subsidiary offers the products of 17 financial entities, in more than 164 outlets across Poland.
mLeasing is one of the largest leasing companies in Poland and ranks first on the real property leasing market and fourth on the leasing market in 2017. In 2016 the company was ranked third on the market. The decrease resulted from the merger of 2 large leasing companies: PKO Leasing and Raiffeisen Leasing.
The subsidiary offers lease financing, loans, and car fleet rental and management services addressed to both corporate and retail clients.
In the corporate segment mLeasing offers various types of leasing products, including lease of private and commercial cars and heavy transport vehicles, car fleet management, lease of machines and equipment, and real property lease.
In the retail segment the subsidiary operates the “Leasing in Retail” programme addressed to microenterprises and SMEs, which are offered lease contracts using dedicated lease processes.
mFaktoring is the eight largest player on the Polish factoring market among the members of the Polish Factors Association.
The services provided by mFaktoring are complementary to mBank’s corporate offer. mFaktoring offers the financing of ongoing business operations, receivables management, credit protection, maintenance of debtors’ settlement accounts and enforcement of receivables. In addition, the offer includes domestic and export factoring with recourse and credit protection, as well as import guarantees.
Products offered by mFaktoring are available in all mBank branches providing services to SMEs and corporations in Poland.
mCentrum Operacji (mCO) provides back-office support to the members of mBank Group through the years.
In particular, the subsidiary handles the instructions and applications of retail and corporate clients of mBank Group. In addition, mCO supports the Group in terms of professional data archiving solutions, both electronic and paper -based.
The company’s services enable quick access to information, as well as support in planning, controlling and reducing costs and monitoring of data security and confidentiality. This ensures the timeliness and quality of services, which translates into an increase in the efficiency of customer service processes.