Individual recommendation of the Polish Financial Supervision Authority regarding dividend policy
Contents:
3. INFORMATION ABOUT THE ENTITY
4. SIGNATURE OF PERSONS REPRESENTING THE COMPANY
| POLISH FINANCIAL SUPERVISION AUTHORITY | ||||||||||||
| REPORT No | 11 | / | 2025 | |||||||||
| Date of issue: | 2025-03-13 | |||||||||||
| Short name of the issuer | ||||||||||||
| mBank S.A. | ||||||||||||
| Subject | ||||||||||||
| Individual recommendation of the Polish Financial Supervision Authority regarding dividend policy | ||||||||||||
| Official market - legal basis | ||||||||||||
| Art. 17 ust. 1 MAR - informacje poufne. | ||||||||||||
| Contents of the report: | ||||||||||||
| Individual recommendation of the Polish Financial Supervision Authority regarding dividend policyThe Management Board of mBank S.A. ("Bank") informs that on 13 March 2025 it received the recommendation from the Polish Financial Supervision Authority ("PFSA") in which the PFSA confirmed that the Bank fulfils the criteria for the payment of dividend up to 75% of the profit for 2024, however the maximum payout amount cannot exceed the amount of annual profit reduced by the profit generated in 2024 already included in own funds. According to the financial statements for 2024 published on 28 February 2025, Bank net profit for 2024 amounted to PLN 2.236 billion at standalone level and PLN 2.243 billion at the consolidated level. Bank has included in its own funds the net profit, achieved in the first three quarters of 2024, in the amount of PLN 1.253 billion at standalone level and PLN 1.257 billion at consolidated level. PFSA also recommends that Bank should limit the risk occurring in its activity by not conducting any other activities, in particular those beyond the scope of current business and operating activities, which may result in a reduction of own funds, including possible dividend payments from undistributed profits from previous years and buybacks or buyouts of own shares, without prior consultation with the supervisory authority. In current report no 4/2025 dated 28 February 2025 Bank informed of the submission to the Ordinary General Meeting of a proposal for no dividend payout from the profit earned in 2024. | ||||||||||||
INFORMATION ABOUT THE ENTITY Â Â Â >>>
| SIGNATURE OF PERSONS REPRESENTING THE COMPANY | |||||
| Date | Name | Position / Function | Signature | ||
| 2025-03-13 | Maciej MoĹdawa | Wic edyrektor ds. Nadzoru Inwestyc yjnego, Departament Compl iance | |||