23.10.2015

KNF recommendations on additional capital requirement and the dividend from the 2014 profit

KNF recommendations on additional capital requirement and the dividend from the 2014 profit

Current Report \|
Drafted on:	23.10.2015
Current report No	86/2015
Abbreviated issuer&rsquo\|s name	mBank

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Referring to the current report number 16/2015 dated 30 March 2015 the Management Board of mBank S.A. informs that on 23 October 2015 mBank SA received from the Polish Financial Supervisory Authority (PFSA) the following recommendations:

To maintain by mBank S.A. own funds to cover the additional capital requirement at the level of 4.39 p.p. in order to secure the risk resulting from foreign exchange mortgage loans for households, which should include at least 75% of Tier I equity (which corresponds to 3.29 p.p.)|
To retain by mBank S.A. at least 50% of the profit generated in the period from 1 January 2014 to 31 December 2014.

The recommendation presented in point 1 above should be observed by mBank S.A. from the day of its receiving till the day of its revoking.

At the same time the Management Board of mBank S.A. informs that as of the day of obtaining KNF recommendations, mBank S.A. already maintains the own funds at the level which fulfills the recommendation presented in point 1 above.

SIGNATURE OF THE PERSONS REPRESENTING THE COMPANY

Deputy Director of the Compliance Department

Maciej Mołdawa 23.10.2015

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