The intention of mBank is the annual dividend payment of at least 50% of the profit.
Such a policy is a part of the Mobile Bank Strategy of mBank Group for 2016-2020, however, when deciding on recommending a dividend payment to the Supervisory Board, the Management Board of mBank mainly considers current recommendations of the Polish Financial Supervision Authority concerning dividend payments by banks.
In 2017, the PFSA issued the recommendation that a dividend could be paid only by banks meeting the criteria below:
It is recommended that banks which meet all the above criteria can pay out up to 50% of the generated profit in 2017.
Moreover, it is recommended to pay out dividend up to:
For banks with exposure to FX housing loans for households the dividend rate should be adjusted based on following criteria:
based on the share of FX housing loans for households in the whole portfolio of receivables from the non-financial sector:
based on the share of FX housing loans granted in 2007 and 2008 in the portfolio of FX housing loans for households:
Whenever a bank with undistributed profit from previous years intends to pay out dividend, it is obliged to report this plan to the Polish Financial Supervision Authority which will assess it on an individual basis. Only banks which meet the criteria for paying out dividends may apply for such consent.
The table below presents information on mBank’s dividend payments since 2012.
|Year||Dividend per share||Total dividend volume
|Dividend as a % of net profit*|