Negative impact of ‘credit holidays’ on mBank Group’s results in Q3 2022
Contents:
"3. INFORMATION ABOUT THE ENTITY
4. SIGNATURE OF PERSONS REPRESENTING THE COMPANY
| POLISH FINANCIAL SUPERVISION AUTHORITY | ||||||||||||
| REPORT No | 31 | / | 2022 | |||||||||
| Date of issue: | 2022-07-15 | |||||||||||
| Short name of the issuer | ||||||||||||
| mBank | ||||||||||||
| Subject | ||||||||||||
| Negative impact of ‘credit holidays’ on mBank Group’s results in Q3 2022 | ||||||||||||
| Official market - legal basis | ||||||||||||
| Art. 17 ust. 1 MAR - informacje poufne. | ||||||||||||
| Contents of the report: | ||||||||||||
| Negative impact of ‘credit holidays’ on mBank Group’s results in Q3 2022 The Management Board of mBank S.A. ("Bank") informs that in connection with signing of the Act on crowdfunding for business ventures and aid to borrowers by the President of Republic of Poland, the negative impact of suspending the performance of mortgage loan agreements granted in Polish currency (the so-called "credit holidays"), on mBank Group’s profit before tax for the third quarter of 2022 is expected to be in the range of PLN 1.0 billion to PLN 1.4 billion. The above stated range is on the basis of estimated participation between 60% and 80% among currently assumed eligible borrowers. In addition, the Bank informs that the amount of contribution to the Borrowers Support Fund will be communicated in a separate current report, following receipt by the Bank of this information. Given the above, the Bank expects that the net result of mBank Group in the third quarter of 2022 will be negative. The Tier I capital ratios (T1) and the total capital ratios (TCR) of the Bank and mBank Group remain above the minimum capital requirements. | ||||||||||||
INFORMATION ABOUT THE ENTITY >|>|>|
| SIGNATURE OF PERSONS REPRESENTING THE COMPANY | |||||
| Date | Name | Position / Function | Signature | ||
| 2022-07-15 | Andreas Boeger | Wiceprezes Zarządu ds. Finansów | |||
| 2022-07-15 | Karol Prażmo | Dyrektor Zarządzający ds. Obszaru Skarbu i Relacji Inwestorskich | |||
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