Slide 1: Results of mBank Group Q2 2026
Results of mBank Group Q2 2026 Highest-ever net profit amid strong business expansion Presentation for the market, 29.07.2026
Slide 2: Agenda
Agenda 01 Key financial and business highlights in H1 2026 02 Overview of the results development in Q2 2026 03 Update on Poland’s macroeconomic situation and outlook 04 Appendix
Slide 3: Key financial and business highlights in H1 2026
01 Key financial and business highlights in H1 2026
Slide 4: mBank Group continued improving its market position in Q2 2026
mBank Group continued improving its market position in Q2 2026 mBank Group’s market shares in strategic product categories in Poland HOUSEHOLDS HOUSEHOLDS HOUSEHOLDS total loans total deposits total mortgage loans 8.8% 9.1% 8.3% 8.1% 8.7% 8.8% 8.0% 8.6% 8.0% 8.7% 8.5% 8.5% 8.6% 7.9% 8.4% 06/25 09/25
Slide 5: mBank remains well on track to meet its strategic financial targets
mBank remains well on track to meet its strategic financial targets Execution of mBank Group’s strategic financial KPIs after H1 2026 High profitability Excellent operating efficiency Return on tangible equity (ROTE) Cost/income ratio (normalized) 21.2% >22% ≤35% 31.8% lower due to increased CIT rat
Slide 6: Key highlights after H1 2026
Key highlights of mBank Group after H1 2026 Dynamic expansion of credit portfolio accompanied by a surge of deposits ▪ Acceleration of lending activity Gross loans of mBank Group Deposit base of mBank Group in both business segments PLN billion PLN billion ▪ Credit growth at above-the-sector level t
Slide 7: Key highlights after H1 2026
Key highlights of mBank Group after H1 2026 Constantly in the forefront of financial innovations to enhance client experience A pilot of AI Assistant mBank with the first transaction for selected mBank’s clients initiated by an AI agent mBank launched a pilot As part of the European Visa Agentic of
Slide 8: Key highlights after H1 2026
Key highlights of mBank Group after H1 2026 Strong improvement of profit thanks to significant reduction of legal risk costs ▪ Record-high gross profit and net Total revenues of mBank Group Net profit of mBank Group result despite challenging market PLN million PLN million conditions ▪ Stable revenu
Slide 9: Key highlights after H1 2026
Key highlights of mBank Group after H1 2026 Comfortable surpluses over regulatory minima enabling unconstrained growth ▪ Inclusion of full net profit for 2025 Tier 1 capital ratio of mBank Group MRELTREA ratio of mBank Group and a part of earnings for Q1 2026 vs. the requirement vs. the requirement
Slide 10: mBank has consistently executed its strategic priorities
mBank has consistently executed its strategic priorities mBank Group’s key milestones on its growth path Revival of business volumes and market shares Total assets on upward trajectory of mBank Group exceeded Superior financial performance driven by high profitability of core operations PLN 300 bill
Slide 11: Overview of the results development in Q2 2026
02 Overview of the results development in Q2 2026
Slide 12: Results in H1 2026 – Net result and profitability
Results of mBank Group in H1 2026 – Net result and profitability Strong financial performance confirmed by record net profit despite elevated fiscal burdens mBank Group’s net profit and main drivers of its development Profitability ratios of mBank Group PLN million quarterly data Decline of created
Slide 13: Key highlights in Q2 2026
Key highlights of mBank Group in Q2 2026 Further acceleration of Excellent financial results Adequate regulatory buffers business volume growth and record profit and resilient balance sheet ▪ a dynamic increase of gross ▪ the highest quarterly net result ▪ comfortable capital surplus over loans by 6
Slide 14: Summary of financial results in Q2 2026: Profit and Loss Account
Summary of financial results in Q2 2026: Profit and Loss Account PLN million Q2 2025 Q1 2026 Q2 2026 ∆ QoQ ∆ YoY Net interest income 2,555 2,391 2,453 +2.6% -4.0% Net fee and commission income 582 576 569 -1.2% -2.2% Net trading and other income 59 127 105 -17.3% +78.0% Total income 3,196 3,094 3,12
Slide 15: Summary of financial results in Q2 2026: Balance Sheet
Summary of financial results in Q2 2026: Balance Sheet PLN million 30.06.2025 31.03.2026 30.06.2026 ∆ QoQ ∆ YoY Total assets 256,176 290,547 304,402 +4.8% +18.8% Gross loans to customers 136,675 145,663 154,340 +6.0% +12.9% Individual client loans 74,119 80,744 84,721 +4.9% +14.3% Corporate client l
Slide 16: Results in Q2 2026 – New lending business
Results of mBank Group in Q2 2026 – New lending business Record sales of mortgage and consumer loans, along with corporate credit uptick Sales of mortgage loans Sales of non-mortgage loans Sales of corporate loans 1 PLN million PLN million PLN million mBank PL mBank CZSK mBank PL mBank CZSK by segme
Slide 17: Results in Q2 2026 – Loans to customers
Results of mBank Group in Q2 2026 – Loans to customers Strong growth of loan portfolio driven by mortgage and corporate exposure acceleration Development of mBank Group’s gross loans Market shares in loans PLN million 30.06.2026, in Poland +12.9% ∆ QoQ ∆ YoY +6.0% HOUSEHOLDS total loans 154,340 8.3%
Slide 18: Results in Q2 2026 – Customer deposits
Results of mBank Group in Q2 2026 – Customer deposits Dynamic expansion of deposit base fuelled by steady inflows to current and saving accounts Development of mBank Group’s deposits Market shares in deposits PLN million 30.06.2026, in Poland +20.8% ∆ QoQ ∆ YoY HOUSEHOLDS +4.8% total deposits 248,48
Slide 19: Results in Q2 2026 – Total income and margin
Results of mBank Group in Q2 2026 – Total income and margin Net interest income returned to upward trend, net fees and other result remained robust mBank Group’s total income Net interest margin of mBank Group PLN million quarterly data 4.22% reference rate in Poland: -0.1% -200 bps in 10 months ∆ Y
Slide 20: Results in Q2 2026 – Total costs and efficiency
Results of mBank Group in Q2 2026 – Total costs and efficiency Best-in-class cost/income ratio maintained despite continued investments in the franchise mBank Group’s operating costs Cost/Income ratio of mBank Group PLN million quarterly data 37.9% +8.3% +10.2% ∆ YoY ∆ QoQ ∆ YoY 34.6% 32.7% 2,124 +8
Slide 21: Results in Q2 2026 – Credit losses and cost of risk
Results of mBank Group in Q2 2026 – Credit losses and cost of risk Low cost of risk reflecting isolated corporate defaults and resilient retail repayment discipline mBank Group’s net impairment losses and fair value change on loans Cost of risk of mBank Group PLN million quarterly data -19% 0.77% 29
Slide 22: Results in Q2 2026 – Loan portfolio quality
Results of mBank Group in Q2 2026 – Loan portfolio quality Good asset quality confirmed by risk metrics, NPL ratio supported by sale of impaired loans mBank Group’s impaired loans portfolio mBank Group’s NPL ratio PLN million NPL ratio according to EBA +1.0% 3.5% 3.4% 3.4% 3.4% definition has 3.1% r
Slide 23: Results in Q2 2026 – Capital position
Results of mBank Group in Q2 2026 – Capital position Comfortable capital buffers over regulatory minima supported by partial profit retention Own funds and their components Total risk exposure amount mBank Group’s capital ratios PLN million PLN million compared to regulatory requirement 30.06.2026 s
Slide 24: Key take-aways after Q2 2026
Key take-aways after Q2 2026 We delivered Improvement of market shares backed by strong growth of credit portfolio (+13% YoY) and deposit base (+21% YoY) in both retail and corporate client segments Good progress in the execution of the new strategy along with launch of solutions designed to enhance
Slide 25: Update on Poland’s macroeconomic situation and outlook
03 Update on Poland’s macroeconomic situation and outlook
Slide 26: Macroeconomic situation in Poland: GDP growth, inflation, rates
Macroeconomic situation in Poland: GDP growth, inflation, rates Consumption growth is likely to stay decent Unemployment rate (still) very low 20 12% 10 10% 0 8% -10 6% -20 4% -30 -40 2% Source: GUS Source: GUS -50 0% Jan.16 Jan.17 Jan.18 Jan.19 Jan.20 Jan.21 Jan.22 Jan.23 Jan.24 Jan.25 Jan.26 Jan.1
Slide 27: Macroeconomic situation in Poland: financial markets
Macroeconomic situation in Poland: financial markets Corporate loans and deposits (YoY, FX-adjusted) Household loans and deposits (YoY, FX-adjusted) 30% 14% 25% 12% 10% 20% 8% 15% 6% 10% 4% 5% 2% 0% 0% -2% -5% -4% Source: NBP Source: NBP -10% -6% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 202
Slide 28: Macroeconomic forecasts and outlook for Poland
Macroeconomic forecasts and outlook for Poland Key economic indicators for Poland Main factors driving the performance in 2026 2023 2024 2025 2026F 2027F ▪ GDP growth in Poland is expected to reach 3.7% GDP growth (YoY) 0.2% 3.0% 3.6% 3.7% 2.7% in 2026 as the adverse effects of the war in the Domest
Slide 29: Outlook for mBank Group for 2026
Outlook for mBank Group for 2026 We expect Total revenues to exceed the level reported for 2025 despite lower interest rates as margin pressure should be offset by balance sheet expansion and rising net fees The cost/income ratio to remain visibly below the strategic target of 35% thanks to discipli
Slide 30: Appendix
Appendix
Slide 31: Consolidated Profit and Loss Account – quarterly
Consolidated Profit and Loss Account – quarterly Quarterly results (PLN million) Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Net interest income 2,555 2,511 2,482 2,391 2,453 Net fee and commission income 582 580 543 576 569 Net trading and other income 59 88 34 127 105 Total income 3,196 3,179 3,059 3,
Slide 32: Consolidated Statement of Financial Position – quarterly
Consolidated Statement of Financial Position – quarterly Assets (PLN million) 30.06.2025 30.09.2025 31.12.2025 31.03.2026 30.06.2026 Cash and balances with Central Bank 20,797 21,973 40,481 23,537 18,277 Loans and advances to banks 19,281 20,541 13,193 22,983 21,718 Trading securities 2,877 2,570 3,
Slide 33: mBank Group’s financial ratios – quarterly and cumulatively
mBank Group’s financial ratios – quarterly and cumulatively Key financial ratios Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 quarterly 4.22% 3.97% 3.74% 3.52% 3.47% Net interest margin YtD 4.25% 4.16% 4.05% 3.52% 3.49% quarterly 28.2% 29.2% 33.1% 37.9% 30.4% Cost/income ratio YtD 30.9% 30.4% 31.0% 37.9%
Slide 34: Results in Q2 2026 – Net interest income
Results of mBank Group in Q2 2026 – Net interest income Structure of mBank Group’s interest income Structure of mBank Group’s interest expense PLN million PLN million asset funding 6.1% 5.8% 5.4% 5.0% 4.9% yield 2.1% 2.0% 1.8% 1.7% 1.6% costs -5.4% -8.5% +2.4% +2.1% 3,723 3,646 1,167 3,564 3,520 1,1
Slide 35: Results in Q2 2026 – Net fees and commissions
Results of mBank Group in Q2 2026 – Net fees and commissions Structure of mBank Group’s fee and commission income Structure of mBank Group’s fee and commission expense The fee result included: PLN million PLN million ▪ in Q3/25: settlement with a payment card organisation of PLN 41.6 million ▪ in Q2
Slide 36: Results in Q2 2026 – Legal risk of CHF portfolio
Results of mBank Group in Q2 2026 – Legal risk of CHF portfolio Settlements concluded by mBank New CHF-related court cases CHF loan contracts in court with CHF borrowers, cumulative number number of contracts entering the court number of pending cases proceedings, by quarter Classification to active
Slide 37: Results in Q2 2026 – Legal risk of CHF portfolio
Results of mBank Group in Q2 2026 – Legal risk of CHF portfolio Value of CHF mortgage loans Decomposition of CHF loan contracts at mBank granted to natural persons, PLN million, net number of contracts, as of 30.06.2026 19,177 Share of CHF mortgages in total loan portfolio -95% declined from 23.6% i
Slide 38: Selected Financial Data – Balance sheet analysis
Selected Financial Data – Balance sheet analysis Structure of mBank Group’s total assets Structure of mBank Group’s liabilities and equity PLN billion PLN billion 304.4 304.4 290.5 290.5 280.3 26.1 9% 280.3 23.4 8% 261.5 31.5 261.5 22.3 11.3 4% 256.2 256.2 21.4 11.6 3.5 1% 48.1 10.2 3.4 3.5 15.0 5%
Slide 39: Selected Financial Data – Structure of loans and deposits
Selected Financial Data – Structure of loans and deposits Structure of mBank Group’s gross loans, by client segment and industry Structure of mBank Group’s deposits 30.06.2026 30.06.2026 Financial activities 4.6% 0.1% Real estate 4.5% 1.2% Construction 4.2% 17.2% Power and heating distribution 2.7%
Slide 40: Selected Financial Data – Funding profile
Selected Financial Data – Funding profile Structure of mBank Group’s funding Summary of mBank’s long-term funding instruments 30.06.2026 30.06.2026 (without covered bonds issued by mBank Hipoteczny) Outstanding Issue Maturity Currency Tenor Coupon value date date Other Subordinated liabilities 4.0%
Slide 41: Fifth issuance of EUR-denominated green bonds by mBank
Fifth issuance of EUR-denominated green bonds by mBank Transaction details Distribution by investor location Format Green Senior Non-Preferred Notes 3% United Kingdom and Ireland 4% Issue size EUR 750 million DACH countries 2% Issue rating BBB- (S&P) / BBB- (Fitch) 9% France Settlement date 26.05.20
Slide 42: Selected Financial Data – Capital requirements and liquidity
Selected Financial Data – Capital requirements and liquidity Regulatory capital requirements for mBank Group 30.06.2026 Countercyclical Capital Buffer (CCyB), calculated as the weighted average of the CCyB rates that apply in the countries where the relevant credit exposures are located. The +3.29 p
Slide 43: Selected Financial Data – Fulfilment of MREL requirements
Selected Financial Data – Fulfilment of MREL requirements Development of mBank Group’s MRELTREA ratio Development of mBank Group’s MRELTREA Subordinated ratio +4.30 +4.43 24.63% 24.72% 25.88% 24.58% 22.81% 22.93% 24.19% 22.99% 23.72% 22.22% 19.42% 17.79% 4.06% 4.06% 15.36% 13.73% 06/25 09/25 12/25 0
Slide 44: Additional information on selected loan portfolio aspects
Additional information on selected loan portfolio aspects Share of stage 2 in mBank Group’s gross loan portfolio Commercial Real Estate (CRE) portfolio at mBank loans and advances to customers valued at amortised cost development of balance sheet exposure, PLN million 17.9% -6.3% Share in mBank Grou
Slide 45: mBank’s customers are tech-savvy and widely use digital services
mBank’s customers are tech-savvy and widely use digital services Users of mobile application Retail clients Corporate account opening Corporate clients number of active users logging number of accounts opened by into every month, thousand corporate clients, by process type +520 +542 2,840 4,020 4,25
Slide 46: Retail Banking – client base and network
Retail Banking – client base and network Number of mBank’s retail clients (thousand) Well-designed functionalities for client convenience +209 fully remote account opening with e-ID or a selfie and agreement approved via a text message 5,812 5,850 5,896 5,969 6,021 Customer split by country: 1,154 1
Slide 47: Retail Banking – results, activity and transactionality
Retail Banking – results, activity and transactionality Total revenues of the segment Profit before income tax of the segment PLN million mBank PLN million CZSK -1% -4% Business +5% in Poland +17% 2,021 2,017 1,887 1,907 2,007 1,201 1,158 1,150 158 158 156 80 970 987 131 140 68 45 15 29 1,863 1,858
Slide 48: Retail Banking – business volumes
Retail Banking – business volumes Development of gross loans to retail banking clients Development of deposits from retail banking clients PLN million PLN million +14.3% +20.1% +4.9% +4.1% 84,722 178,260 80,744 171,233 78,527 164,812 250 76,860 261 74,120 153,479 261 22,997 13% 148,458 23,290 26,601
Slide 49: mBank in the Czech Republic and Slovakia
mBank in the Czech Republic and Slovakia Gross loans and share in total mBank’s retail volume Deposits and share in total mBank’s retail volumes PLN million PLN million 13.3% 16.9% +16% +69% +6% +6% 11,268 28,420 30,152 9,737 10,181 10,300 10,587 25,619 4,702 4,819 3,273 3,272 3,372 3,577 20,721 4,6
Slide 50: mBank in the Czech Republic and Slovakia
mBank in the Czech Republic and Slovakia Mortgage loans Non-mortgage loans Customer deposits Czech Republic CZK million CZK million CZK million +18% +84% physical network: +7% light +7% +2% +5% 15 branches financial 6 centres 25,184 26,978 15,010 15,305 142,981 22,914 14,323 135,625 9 mKiosks 77,769
Slide 51: Corporate & Investment Banking – client base and network
Corporate & Investment Banking – client base and network Number of mBank’s corporate clients First-class digital banking offer for companies Corporate customers split: +1,857 entirely digital onboarding process, with no in-person K1 segment contact and printouts required 36,961 37,375 37,551 38,023
Slide 52: Corporate & Investment Banking – results and strategic financing
Corporate & Investment Banking – results and strategic financing Total revenues of the segment Profit before income tax of the segment PLN million PLN million -1% -7% +4% +29% 1,079 1,094 1,073 1,034 1,072 696 648 648 546 504 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 mBank’s engage
Slide 53: Corporate & Investment Banking – business volumes
Corporate & Investment Banking – business volumes Development of gross loans to corporates and public sector Development of deposits from corporates and public sector PLN million PLN million +11.3% +22.6% +7.2% +6.6% 69,619 70,227 64,919 64,333 65,864 1,570 62,556 62,886 7,884 60,483 1,175 990 58,24
Slide 54: mBank supports financing change and unlocking economic potential
mBank supports financing change and unlocking economic potential Execution of selected mBank Group’s sustainability targets (pillar: economic momentum) Energy efficient mortgages Share of sustainable finance Financially healthy clients Double the volume of energy efficient Allocate 15% of corporate
Slide 55: Performance of main subsidiaries of mBank
Performance of main subsidiaries of mBank offered financing in the form of leasing of cars, offered services include domestic and export trucks, machinery and real estate as well as recourse and non-recourse factoring, established in 1991 car fleet management (CFM) services established in 1995 finan
Slide 56: Performance of main subsidiaries of mBank
Performance of main subsidiaries of mBank specialised mortgage bank and active main activities include establishment and issuer of covered bonds on both domestic management of investment funds and established in 1999 and foreign capital markets established in 2021 providing portfolio management serv
Slide 57: Historical financial results of mBank Group
Historical financial results of mBank Group PLN million 2021 2022 2023 2024 2025 ∆ YoY Net interest income 4,126.3 5,924.0 8,873.5 9,589.0 10,019.0 +4.5% Net fee and commission income 1,867.8 2,120.1 1,915.9 1,971.9 2,208.4 +12.0% Net trading and other income 117.1 -187.2 12.9 446.0 239.0 -46.4% Tot
Slide 58: mBank Group’s Strategy for 2026-2030 is based on three pillars
mBank Group’s Strategy for 2026-2030 is based on three pillars ▪ focus on fulfilling client needs at every stage of life by providing tailored financial products to deepen relationships, strengthen loyalty, take care of financial planning and well-being Lifecycle-based ▪ develop unique hybrid servic
Slide 59: ESG is well embedded in mBank Group's strategy
ESG is well embedded in mBank Group's strategy mBank Group’s sustainability targets for 2026-2030 Climate Economic Inclusive action momentum by design Developing a resilient business model Financing change and unlocking Shaping a workplace alongside the transition plan economic potential for everyon
Slide 60: Information about mBank's shares on the stock exchange
Information about mBank's shares on the stock exchange Parameters of mBank’s shares mBank’s share price performance v. main indices (rebased to 100) as of 30.06.2026 185 mBank’s share price ISIN code PLBRE0000012 180 30.06.2025 798.0 175 Bloomberg MBK PW 170 MIN (10.07.2025) 767.0 (market closing) +
Slide 61: Disclaimer
Disclaimer This presentation has been prepared by mBank S.A. for information purposes only and is based on mBank S.A. Group Consolidated Financial Report for the first half of 2026, prepared under the International Financial Reporting Standards. For more detailed information on mBank S.A. and mBank
Slide 62: Contact details
Contact details Karol Prażmo Managing Director for Treasury and Investor Relations +48 607 424 464 karol.prazmo@mbank.pl Joanna Filipkowska Head of Investor Relations +48 510 029 766 joanna.filipkowska@mbank.pl Paweł Lipiński +48 508 468 023 pawel.lipinski@mbank.pl mBank’s Investor Relations at your