mBank Group's financial results and key ratios

PLN million 2011 2012 2013 2014 2015 2016 2017 2018
Total assets 98 875 102 145 104 282 117 986 123 523 133 744 131 424 145 750
Net loans and advances to customers 67 852 66 947 68 210 74 582 78 434 81 763 84 476 94 723
Amounts due to customers 54 244 57 984 61 674 72 422 81 141 91 418 91 496 102 009
Total Equity 8 073 9 619 10 256 11 073 12 275 13 051 14 292 15 126
Net interest income 2 167 2 280 2 226 2 491 2 511 2 833 3 136 3 497
Net fee and commission income 840 787 835 902 897 906 992 976
Total income 3 521 3 571 3 674 3 939 4 093 4 295 4 454 5 059
Total costs (incl. amortisation) -1 680 -1 661 -1 678 -1 771 -2 051 -1 963 2 043 2 164
Net impairment losses on loans and advances -373 -445 -478 -516 -421 -365 508 694
Net profit attributable to owners of mBank S.A. 1 135 1 197 1 206 1 287 1 301 1 219 1 092 1 317
Net interest margin 2,5% 2,4% 2,2% 2,3% 2,1% 2,3% 2,5% 2,6%
Cost/Income ratio 47,7% 46,5% 45,7% 44,9% 50,1% 45,7% 45,9% 42,8%
Cost of risk 0,60% 0,66% 0,70% 0,72% 0,54% 0,46% 0,61% 0,78%
Return on Equity (ROE) 16,4% 14,6% 13,1% 13,1% 11,8% 10,1% 8,3% 9,5%
Return on Assets (ROA) 1,3% 1,2% 1,1% 1,1% 1,0% 1,0% 0,8% 0,9%
CET 1 ratio 9,6% 13,0% 14,2% 12,2% 14,3% 17,3% 18,3% 17,5%
Total Capital Ratio 15,0% 18,7% 19,4% 14,7% 17,3% 20,3% 21,0% 20,7%
Loan-to-Deposit ratio 125,1% 115,5% 110,6% 103,0% 96,7% 89,4% 92,3% 92,9%
NPL ratio 4,7% 5,2% 6,3% 6,4% 5,7% 5,4% 5,2% 4,8%
Coverage ratio 66,2% 64,1% 47,8% 51,9% 58,9% 57,1% 59,0% 62,8%
Employment (FTE) 6 294 6 138 6 073 6 318 6 540 6 528 6 455 6 524

mBank Group's key stock exchange figures

  2011 2012 2013 2014 2015 2016 2017 2018
Number of shares, YE 42 102 746 42 138 976 42174013  42 210 057 42 238 924 42 280 127 42 312 122 42 324 982
Earnings per share (PLN) 26,96 28,43 28,62 30,50 30,82 28,90 25,81 31,11
Book value per share (PLN) 191,17 227,69 242,55 261,63 289,84 308,03 337,71 359,35
P/E 9,12 11,47 17,47 16,32 10,19 11,6 18,0 13,6
P/BV 1,29 1,43 2,06 1,90 1,1 1,1 1,4 1,2
Share price at the year’s last trading session (PLN) 246 326 500 498 314,0 335,3 465,0 424,2