Resolution of the Management Board of mBank S.A. concerning the „Capital Management Policy of mBank Group” regarding amendment of the Dividend Policy of mBank S.A.
Contents:
"3. INFORMATION ABOUT THE ENTITY
4. SIGNATURE OF PERSONS REPRESENTING THE COMPANY
| POLISH FINANCIAL SUPERVISION AUTHORITY | ||||||||||||
| REPORT No | 11 | / | 2022 | |||||||||
| Date of issue: | 2022-03-31 | |||||||||||
| Short name of the issuer | ||||||||||||
| mBank | ||||||||||||
| Subject | ||||||||||||
| Resolution of the Management Board of mBank S.A. concerning the „Capital Management Policy of mBank Group” regarding amendment of the Dividend Policy of mBank S.A. | ||||||||||||
| Official market - legal basis | ||||||||||||
| Art. 17 ust. 1 MAR - informacje poufne. | ||||||||||||
| Contents of the report: | ||||||||||||
| Resolution of the Management Board of mBank S.A. concerning the „Capital Management Policy of mBank Group” regarding amendment of the Dividend Policy of mBank S.A. The Management Board of mBank S.A. (“Bank") informs that on 31 March 2022, it adopted a resolution concerning the “Capital Management Policy of mBank Group”, including an amendment to the Bank's Dividend Policy. The amended Dividend Policy provides that no dividend shall be paid from the profit earned by mBank S.A. in 2022. Considering the uncertainties arising from the war in Ukraine the goal of the mBank Group for 2022 should be to strengthen the capital base. Taking into account the above no dividend will be paid from profit earned in 2022. Nevertheless, the long-term strategy of mBank for subsequent years assumes dividend pay-out at the level of 50% of net profit as previously announced by the Bank in current report No. 54/2021 dated 29 October 2021. On March 31, 2022 the Supervisory Board of the Bank approved the “Capital Management Policy of mBank Group” adopted by the Management Board including the above mentioned amendment to the Bank's Dividend Policy. | ||||||||||||
INFORMATION ABOUT THE ENTITY >|>|>|
| SIGNATURE OF PERSONS REPRESENTING THE COMPANY | |||||
| Date | Name | Position / Function | Signature | ||
| 2022-03-31 | Maciej Mołdawa | Wicedyrektor Departamentu Compliance | |||