MBANK SA (53/2024) Ujęcie kosztów ryzyka prawnego związanego z kredytami walutowymi

Raport bieżący 53/2024

Costs of legal risk related to foreign currency loans

The Management Board of mBank S.A. (_quot;Bank_quot;) informs that in connection

with the decision taken on September 30, 2024 by the Bank, the costs of

legal risk related to loans indexed to foreign currencies recognized in

Q3 2024, amounted to PLN 952,8 million. They result mainly from the

update of expected costs of the settlement program, updates to the

forecast of the number of court cases and updates to the market

parameters included in the model.

The Bank informs that the estimated preliminary net result for Q3 2024

is positive. At the same time, the Bank informs that in Q3 2024,

positive results in the core business were continued.

mBank Group Tier 1 Capital Ratio and the Total Capital Ratio for Q3 2024

are expected to be considerably higher than the required level which for

mBank Group amount to 9.1% for the Tier 1 capital ratio and 11.1% for

the Total Capital Ratio. It is expected that surpluses above the capital

requirements for Q3 2024 will reach above 4.0 p.p. over Tier 1 Capital

Ratio and approximately 4.0 p.p over Total Capital Ratio. The liquidity

ratios significantly exceed the regulatory requirements.

The final value of costs of legal risk related to loans indexed to

foreign currencies in the third quarter 2024 and financial results will

be disclosed in the financial statements for the third quarter 2024 due

to be announced on October 31, 2024.

More information on page: http://biznes.pap.pl/en/reports/espi/all,0,0,0,1

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