Profil:
mBank SAmBank lender posts PLN 959.4 mln attrib. net profit in Q2, 3.6 pct above consensus
mBank, the Warsaw-listed unit of Germany's Commerzbank, posted PLN 959.4 million (EUR 224.5 mln) in attributable net profit in the second quarter of 2025, above consensus expectations for a PLN 926.2 million (EUR 216.7 mln) net take, the bank's financial report showed.
| 2Q2025 | consensus | vs consensus | |||
| PLN mln | PAP mln | % | |||
| Net interest | 2 497,20 | 2 469,80 | 1,10% | ||
| Net f&c | 582,1 | 550,4 | 5,80% | ||
| OPEX - total | 900,1 | 870,9 | 3,40% | ||
| Impairments | -129,6 | -169,4 | -23,50% | ||
| attrib Net Profit | 959,4 | 926,2 | 3,60% | ||
| 2Q2025 | 2Q2024 | y/y | 1Q2025 | q/q | |
| % | % | ||||
| Net interest | 2497 | 2 165 | 15,40% | 2439 | 2,40% |
| Net f&c | 582 | 491 | 18,50% | 503 | 15,70% |
| OPEX - total | 900 | 781 | 15,20% | 1026 | -12,30% |
| Impairments | -130 | -171 | -24,30% | -165 | -21,50% |
| attrib Net Profit | 959 | 422 | 127,40% | 706 | 35,90% |
Net lending grew by 9.9 percent year on year. The bank reported strong growth in retail lending (9.9 percent y/y) thanks to record sales of mortgage and non-mortgage loans, amounting to PLN 6.2 billion (EUR bln) and PLN 6.9 billion (EUR bln), respectively.
In the second quarter alone, mortgage sales amounted to PLN 3.68 billion (EUR mln), an increase of 48 percent quarter on quarter.
The corporate loan portfolio grew by 8.8 percent, with loan sales up 23 percent compared to the first half of 2024.
In the second quarter, the number of CHF loan lawsuits fell to 718 from 778 in the first quarter. The total number of such court cases fell to 9,955.
By the end of June 2025, mBank had concluded 28,733 settlements with customers holding CHF loans (2,600 were signed in the second quarter).
The share of CHF loans in the total loan portfolio fell from 23.6 percent in 2015 to 0.1 percent at the end of the second quarter of 2025.
The Tier 1 capital ratio is 14 percent, and the total capital ratio is 15 percent.
seb/ han/
