Slide 1: Results of mBank Group Q1-Q4 2014
Results of mBank Group Q1-Q4 2014 A strong year in a challenging environment Management Board of mBank S.A. Investor Presentation February 5, 2015
Slide 2: Key highlights of 2014
Key highlights of 2014 Core revenues of PLN 3,392 M at historical high Total revenues increased • NII at PLN 2,491 M, +11.9% YoY to PLN 3,939 M amid further acceleration in lending • NFC at PLN 902 M, +8.0% YoY, Profit & Loss despite interchange fee reduction Sound volume growth • Gross loans at PLN
Slide 3: 2014/2015 – Strategic Agenda
2014/2015 – Strategic Agenda Delivering the strategy 2014 2015 • Cooperation with Orange Polska resulting in a • Strengthening mBank’s leadership in mobile and launch of joint mobile banking service transactional banking • Strategic partnership with AXA for a distribution of • PLN 1.5 billion covere
Slide 4: mBank well-positioned for the challenges of 2015: lending mix and funding costs
mBank well-positioned for the challenges of 2015 A gradual change of lending mix and declining funding costs Development of Gross Loans by Type (31.03.2009=100) Development of Funding Costs by Source (quarterly) 300 7% 260 6% 5% 220 4% 180 3% 140 2% 100 1% 60 0% Q1/09 Q3/09 Q1/10 Q3/10 Q1/11 Q3/11 Q
Slide 5: mBank well-positioned for the challenges of 2015: transactionality and client base
mBank well-positioned for the challenges of 2015 High transactionality amid a constantly growing client base Number of mBank’s Retail Clients (thou.) mBank’s share in Deposits and Card Transactions in Poland – 9M 2014 +6% 12.2% CAGR +7% 11.3% 4,689 4,134 4,368 41 2.2x 3,677 3,925 762 606 673 504 559
Slide 6: Limited impact of CHF appreciation on mBank's borrowers
mBank well-positioned for the challenges of 2015 Limited impact of CHF appreciation on mBank’s borrowers Distribution of mBank’s borrowers by the percentage change of their Development of CHF/PLN exchange rate and 3-month CHF LIBOR instalment compared to December 2014 rate since the end of December
Slide 7: mBank's client base overall resilient
mBank well-positioned for the challenges of 2015 mBank’s client base overall resilient Distribution of mBank’s CHF mortgage borrowers by Debt-to-Income (DtI) levels As of 31.12.2014 Assumptions for January 2015: Average DtI for 2007/08 22.7% As of 27.01.2015 • CHF LIBOR rate at -0.75, 21.2% • CHF/PL
Slide 8: A CHF funding profile putting mBank in a position of strength
mBank well-positioned for the challenges of 2015 A CHF funding profile putting mBank in a position of strength mBank’s CHF funding composition as of 31.12.2014 5,365.0 3,150.0 77.5% direct CHF long-term funding 810.0 200.0 1,173.2 31.8 CHF portfolio CHF loans CHF Subloans CHF EMTN Long term cross Sh
Slide 9: Agenda
Agenda mBank Group in 2014 Summary of Q4/14 in mBank Group Key Financials Client acquisition and Market shares Development of retail and corporate business Analysis of Q4/14 Results Development of Loans and Deposits Development of Income and Costs Loan Portfolio Quality Funding Structure Details Cap
Slide 10: mBank Group in 2014: Summary of Key Financials: Profit and Loss Account
mBank Group in 2014 mBank Analyzer Summary of Key Financials: Profit and Loss Account in PLN M 2012 2013 2014 Change ’14/’13 Net interest income 2,280 2,226 2,491 +11.9% Net Fee & Commission income 787 835 902 +8.0% Total income 3,571 3,674 3,939 +7.2% Total costs (1,661) (1,678) (1,771) +5.5% Loan
Slide 11: Development of Revenues and Costs
mBank Group in 2014 mBank Analyzer Development of Revenues and Costs Development of Total Income Development of Total Costs (PLN M) (PLN M) +7.2% 46.5% 45.7% 44.9% change change +2.9% 3,939 ‘14/‘13 +5.5% ‘14/‘13 3,674 +1.0% 3,571 547 1,771 -10.8% 1,661 1,678 109 +14.2% 505 613 93 95 190 902 196 188
Slide 12: Summary of Key Financials: Balance Sheet
mBank Group in 2014 mBank Analyzer Summary of Key Financials: Balance Sheet in PLN M 2012 2013 2014 Change ’14/’13 Gross loans to customers 69,475 70,582 77,373 +9.6% Retail client loans 37,704 38,308 41,560 +8.5% 1 Core corporate client loans 26,381 26,188 29,002 +10.7% Amounts due to customers 57,
Slide 13: Development of Loans and Deposits
mBank Group in 2014 mBank Analyzer Development of Loans and Deposits Development of Gross Loans Development of Deposits (PLN M) (PLN M) +7.5% change +17.4% change +9.6% ‘14/‘13 ‘14/‘13 +1.7% 72,422 +1.6% 77,373 +6.4% 901 2,972 69,475 70,582 +6.2% 61,674 +25.5% 3,366 2,799 57,984 718 501 32,237 32,84
Slide 14: Agenda
Agenda mBank Group in 2014 Summary of Q4/14 in mBank Group Key Financials Client acquisition and Market shares Development of retail and corporate business Analysis of Q4/14 Results Development of Loans and Deposits Development of Income and Costs Loan Portfolio Quality Funding Structure Details Cap
Slide 15: Key Financials: Profit and Loss Account Q4/14
Summary of Q4/14 Results in mBank Group mBank Analyzer Key Financials: Profit and Loss Account in PLN M Q4/14 Q3/14 Change Q4/Q3 Q4/13 Net interest income 632.5 649.9 -2.7% 588.1 Net Fee & Commission income 200.4 216.2 -7.3% 228.9 Total income 939.9 1,018.9 -7.8% 964.2 Total costs (443.5) (441.2) +0
Slide 16: Key Financials: Balance Sheet Q4/14
Summary of Q4/14 Results in mBank Group mBank Analyzer Key Financials: Balance Sheet in PLN M Q4/14 Q3/14 Change Q4/Q3 Q4/13 Gross loans to customers 77,373 74,698 +3.6% 70,582 Retail client loans 41,560 40,555 +2.5% 38,308 1 Core corporate client loans 29,002 28,796 +0.7% 26,188 Amounts due to cust
Slide 17: Business Development: Client acquisition and Market shares
Summary of Q4/14 in mBank Group Business Development: Client acquisition and Market shares Record acquisition Number of Retail Clients (thou.) of 124 thou. Number of Corporate Clients +7.3% +8.9% +2.7% +2.3% 4,689 17,006 17,390 17,787 4,490 4,565 16,333 16,600 4,368 4,427 41 1,794 1,838 762 1,255 1,
Slide 18: Development of Retail and Corporate business
Summary of Q4/14 in mBank Group Development of Retail and Corporate business Sales of Mortgage Loans Sales of Non-Mortgage Loans (PLN M, by quarter) (PLN M, by quarter) +32% +27% -8% +9% 931 863 853 1,134 1,143 168 1,024 1,053 81 7% 93 102 647 656 238 28% 901 82 90 185 16% 198 7% 195 152 1% 6 28 247
Slide 19: Agenda
Agenda mBank Group in 2014 Summary of Q4/14 in mBank Group Key Financials Client acquisition and Market shares Development of retail and corporate business Analysis of Q4/14 Results Development of Loans and Deposits Development of Income and Costs Loan Portfolio Quality Funding Structure Details Cap
Slide 20: Development of Loans to Customers
Analysis of Q4/14 in mBank Group mBank Analyzer Development of Loans to Customers Balanced growth of loans in both retail and corporate segment Development of Gross Loans and Advances to Customers (PLN M) +11.4% +9.6% +10.7% +4.1% +7.5% +3.6% +0.7% +2.4% 31,884 30,564 31,535 32,841 29,475 77,373 4,9
Slide 21: Development of Deposits
Analysis of Q4/14 in mBank Group mBank Analyzer Development of Deposits Accelerating balances on current and savings accounts Development of Amounts due to Customers (PLN M) +20.5% +17.4% +28.8% +2.1% +4.1% +4.7% +20.4% +5.3% 31,576 32,237 72,422 26,753 28,069 26,595 3,738 69,564 4,367 901 1% 4,630
Slide 22: Income of mBank Group
Analysis of Q4/14 in mBank Group mBank Analyzer Income of mBank Group Solid core revenues despite interest rate and interchange cuts Development of mBank Group’s Income (PLN M) -2.5% -7.8% QoQ YoY 1,023.8 1,018.9 964.2 956.6 4.1 45.8 36.7 3.6 939.9 33.7 9.9 22.2 96.3 34.5 1.0 25.3 110.2 78.4 92.1 2.
Slide 23: Costs of mBank Group
Analysis of Q4/14 in mBank Group mBank Analyzer Costs of mBank Group Structural cost advantage resulting in best-in-class efficiency Development of mBank Group’s Costs (PLN M) +0.4% +0.5% QoQ YoY 455.3 441.6 441.2 443.5 430.6 30.0 25.2 25.0 24.3 29.5 52.0 48.6 47.7 47.9 45.8 -3.0% -3.5% 153.4 146.9
Slide 24: Loan Loss Provisions & Risk Costs
Analysis of Q4/14 in mBank Group Loan Loss Provisions & Risk Costs Cost of risk in line with previous guidance Net Impairment Losses on Loans and Advances mBank Group’s Cost of Risk by Segment (PLN M) (bps) 88 89 155.9 157.9 70 72 76 68 51 70 61 117.1 67.7 72.7 112.6 51 101 12.4 93 4.1 88 89 47.4 89
Slide 25: Loan Portfolio Quality
Analysis of Q4/14 in mBank Group Loan Portfolio Quality Risk indicators reflecting conservative methodology mBank Group’s Impaired Loans Portfolio mBank Group’s NPL Ratio (PLN M) mBank Group +11.1% 6.4% 6.3% 6.4% has applied a more 6.3% +4.2% 6.1% conservative client- oriented approach 4,636 4,717 4
Slide 26: Funding Structure Details
Analysis of Q4/14 in mBank Group Funding Structure Details Further diversification of funding base and improving liquidity levels mBank Group’s funding structure mBank’s ratings Loan to Deposit Ratio as of 31.12.2014 Fitch 111.5% Retail 110.6% 110.8% Other 6% 37% deposits Long-term rating A Subordin
Slide 27: Key Regulatory Ratios
Analysis of Q4/14 in mBank Group Key Regulatory Ratios Strong capital ratios above regulatory requirements mBank Group’s Capital Adequacy Ratio / Total Capital Ratio mBank’s NSFR and LCR Including partial H2 2014 profit 19.4% retention and issued subordinated 187% debt of PLN 750 M 18.1% 174% 5.2% 1
Slide 28: Agenda
Agenda mBank Group in 2014 Summary of Q4/14 in mBank Group Key Financials Client acquisition and Market shares Development of retail and corporate business Analysis of Q4/14 Results Development of Loans and Deposits Development of Income and Costs Loan Portfolio Quality Funding Structure Details Cap
Slide 29: Macroeconomic Update (1/2)
Macroeconomic Update (1/2) Record low inflation. Economic growth remains modest. GDP forecast (% YoY) Nominal YoY GDP growth remains very low by historical standards mBank’s 8 forecast 14% 6 4.6 4.5 4.8 5.1 4.4 12% 3.7 3.4 3.5 3.3 3.0 3.5 4 2.7 2.8 3.1 10% 2.2 2.0 1.3 0.8 8% 2 0.2 0.4 6% 0 4% -2 2%
Slide 30: Macroeconomic Update (2/2)
Macroeconomic Update (2/2) Strong growth in corporate loans, cautious borrowing by households Corporate loans and deposits (% YoY) Household loans and deposits (% YoY) 30% 25% 20% 20% 15% 10% 10% 5% 0% 0% -10% -5% Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-10 Jul-10 Ja
Slide 31: 2015 in forecasts and the impact on mBank Group
2015 in forecasts and the impact on mBank Group Macroeconomic environment and challenges for the banking sector Key economic indicators Impact on mBank 2013 2014 2015F Net interest income & NIM (Slightly negative) GDP growth (YoY) 1.7% 3.3% 3.5% • Expected MPC decision on reduction of interest rates
Slide 32: Agenda
Agenda mBank Group in 2014 Summary of Q4/14 in mBank Group Key Financials Client acquisition and Market shares Development of retail and corporate business Analysis of Q4/14 Results Development of Loans and Deposits Development of Income and Costs Loan Portfolio Quality Funding Structure Details Cap
Slide 33: Appendix
Appendix Page Page Additional Information: Selected Financial Data No. Detailed Results of the Business Lines No. Consolidated Profit and Loss Account under IFRS 34 Retail Banking 50-55 Consolidated Statement of Financial Position 35 Summary of Q4/14: Financial Results and Volumes 51-52 mBank Group’
Slide 34: Consolidated Profit and Loss Account under IFRS
Summary Appendix mBank Historical view Profit & Loss Balance Sheet Analyzer Additional Information: Selected Financial Data Business Lines Subsidiaries Consolidated Profit and Loss Account under IFRS Quarterly results (PLN thou.) Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Net interest income 588,096 591,014 617,
Slide 35: Consolidated Statement of Financial Position
Summary Appendix mBank Historical view Profit & Loss Balance Sheet Analyzer Additional Information: Selected Financial Data Business Lines Subsidiaries Consolidated Statement of Financial Position Assets (PLN thou.) Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Cash and balances with Central Bank 1 650 467 2 089 19
Slide 36: mBank Group's Ratios
Summary Appendix Historical view Profit & Loss Balance Sheet Additional Information: Selected Financial Data Business Lines Subsidiaries mBank Group’s Ratios Financial Ratios Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Net Interest Margin (quarterly) 2.31% 2.30% 2.30% 2.32% 2.27% Net Interest Margin YtD 2.21% 2.3
Slide 37: mBank Group's historical performance (1/3)
Summary Appendix mBank Historical view Profit & Loss Balance Sheet Analyzer mBank Group’s historical performance (1/3) Business Lines Subsidiaries Net Interest Income & NIM Net Fee and Commission Income (PLN M) (PLN M) 2.3% 2.2% 2.5% 2.4% 2.2% 2.3% +9% +8% CAGR +8% +12% CAGR 840 835 902 746 787 2,16
Slide 38: mBank Group's historical performance (2/3)
Summary Appendix mBank Historical view Profit & Loss Balance Sheet Analyzer mBank Group’s historical performance (2/3) Business Lines Subsidiaries Operating Costs Pre-provision Income & C/I ratio (PLN M) (PLN M) +3% CAGR +6% 54.2% 51.8% 47.7% 46.5% 45.7% 44.9% +11% +9% CAGR 1,617 1,680 1,661 1,678 1
Slide 39: mBank Group's historical performance (3/3)
Summary Appendix mBank Historical view Profit & Loss Balance Sheet Analyzer mBank Group’s historical performance (3/3) Business Lines Subsidiaries Total Assets Equity & CAR (PLN B) (PLN M) +8% +13% 11.50% 15.90% 14.96% 18.73% 19.38% 14.66% CAGR +21% +8% CAGR 118.0 98.9 102.1 104.3 81.0 90.0 11,073 9
Slide 40: Net Interest Income & Margin
Summary Appendix mBank Historical view Profit & Loss Balance Sheet Analyzer Additional Information: Selected Financial Data Business Lines Subsidiaries Net Interest Income & Margin Interest Income Structure Interest Expense Structure Change in the presentation of premiums (PLN M) (PLN M) on bonds: s
Slide 41: Fee and Commission Income
Summary Appendix mBank Historical view Profit & Loss Balance Sheet Analyzer Additional Information: Selected Financial Data Business Lines Subsidiaries Fee and Commission Income Fee and Commission Income Structure (PLN M) QoQ YoY 369.2 353.8 344.8 339.3 49.6 337.4 +30.6% +27.5% 47.4 53.1 46.3 33.1 6
Slide 42: Trading and Other Income
Summary Appendix mBank Historical view Profit & Loss Balance Sheet Analyzer Additional Information: Selected Financial Data Business Lines Subsidiaries Trading and Other Income Net Trading Income Structure Gains less Losses from Investment Securities (PLN M) (PLN M) -10% 34.5 110.2 -27% 96.3 92.1 40
Slide 43: Balance Sheet Analysis: Assets & Liabilities
Summary Appendix mBank Historical view Profit & Loss Balance Sheet Analyzer Additional Information: Selected Financial Data Business Lines Subsidiaries Balance Sheet Analysis: Assets & Liabilities Structure of Assets Structure of Liabilities (PLN B) (PLN B) 117.3 118.0 117.3 118.0 111.9 6.8 5.9 5% 1
Slide 44: Balance Sheet Analysis: Currency Structure
Summary Appendix mBank Historical view Profit & Loss Balance Sheet Analyzer Additional Information: Selected Financial Data Business Lines Subsidiaries Balance Sheet Analysis: Currency Structure Currency Structure of Loans to Customers (net) Currency Structure of Amounts due to Banks and Customers1
Slide 45: Balance Sheet Analysis: Structure of Loans and Deposits
Summary Appendix mBank Historical view Profit & Loss Balance Sheet Analyzer Additional Information: Selected Financial Data Business Lines Subsidiaries Balance Sheet Analysis: Structure of Loans and Deposits Structure of mBank Group’s Gross Loans Structure of mBank Group’s Deposits as of 31.12.2014
Slide 46: Balance Sheet Analysis: Loan Portfolio Structure
Summary Appendix Historical view Profit & Loss Balance Sheet Additional Information: Selected Financial Data Business Lines Subsidiaries Balance Sheet Analysis: Loan Portfolio Structure mBank Group’s Sector Exposure by Industry as of 31.12.2014 Households Real estate management 13.9% Wholesale trade
Slide 47: Detailed Development of Capital Ratios
Summary Appendix Historical view Profit & Loss Balance Sheet Additional Information: Selected Financial Data Business Lines Subsidiaries Balance Sheet Analysis: Detailed Development of Capital Ratios mBank Group’s Common Equity Tier 1 (CET 1) Ratio 13.20% -0.33 +0.35 -0.13 13.05% -0.38 -0.04 +0.51 1
Slide 48: mBank's Euro Medium Term Note (EMTN) Programme
Summary Appendix Historical view Profit & Loss Balance Sheet mBank’s Euro Medium Term Note (EMTN) Programme Business Lines Subsidiaries Summary of fourth tranche: 7-year EUR 500 M, Senior Unsecured Transaction details Distribution by investor location Issuer mFinance France S.A. United Kingdom Franc
Slide 49: Issuance Activity on the Covered Bonds Market
Summary Appendix Historical view Profit & Loss Balance Sheet Issuance Activity on the Covered Bonds Market Business Lines Subsidiaries Residential mortgage loans to rise in cover pool Covered Bonds Issuance Summary of Mortgage Covered Bonds issued in 2014 (PLN M) Amount Currency Issue date Maturity
Slide 50: Detailed Results of the Business Lines: Retail Banking
Summary Appendix Historical view Profit & Loss Balance Sheet Business Lines Subsidiaries Detailed Results of the Business Lines in Q4/14 Retail Banking Investor Presentation – Q1-Q4 2014 |50
Slide 51: Retail Banking: Summary of Q4/14 Financial Results
Summary Appendix Historical view Profit & Loss Balance Sheet Retail Banking Business Lines Subsidiaries Summary of Q4/14: Financial Results Profit before Tax of the Segment Number of Retail Outlets (PLN M, by quarter) -27% 260 258 258 256 256 -27% 35 35 35 35 35 24 24 24 23 23 301.3 297.5 268.9 268.
Slide 52: Retail Banking: Loans and Deposits
Summary Appendix Historical view Profit & Loss Balance Sheet Retail Banking Business Lines Subsidiaries Summary of Q4/14: Loans and Deposits Gross Loans to Retail Banking Clients1 Deposits from Retail Banking Clients (PLN M) (PLN M) +8.5% +14.9% +2.5% +7.2% 41,560 39,285 39,664 40,555 38,308 38,973
Slide 53: Mortgage and Non-mortgage Loans: Portfolio Structure and Key Parameters
Summary Appendix Historical view Profit & Loss Balance Sheet Retail Banking Business Lines Subsidiaries Mortgage and Non-mortgage Loans: Portfolio Structure and Key Parameters mBank’s Mortgage Loan Portfolio Currency Structure of Retail Banking Mortgage Loan Portfolio (Loans to individuals of Retail
Slide 54: mBank in the Czech Republic and Slovakia
Summary Appendix Historical view Profit & Loss Balance Sheet Retail Banking Business Lines Subsidiaries mBank in the Czech Republic and Slovakia Gross Loans (PLN M) and Share in Total mBank’s retail volume Deposits (PLN M) and Share in Total mBank’s retail volume +37% +16% +10% +10% 7.0% +5% 14.3% 2
Slide 55: mBank in the Czech Republic and Slovakia: Loans
Summary Appendix Historical view Profit & Loss Balance Sheet Retail Banking Business Lines Subsidiaries mBank in the Czech Republic and Slovakia Mortgage Loans Non-mortgage Loans Development of lending market shares (CZK M) (CZK M) Total retail loans Non-mortgage loans +26% +50% Mortgage loans 1.56%
Slide 56: Detailed Results of the Business Lines: Corporates & Financial Markets
Summary Appendix Historical view Profit & Loss Balance Sheet Business Lines Subsidiaries Detailed Results of the Business Lines in Q4/14 Corporates & Financial Markets Investor Presentation – Q1-Q4 2014 |56
Slide 57: Corporates and Financial Markets: Financial Results
Summary Appendix Historical view Profit & Loss Balance Sheet Corporates and Financial Markets Business Lines Subsidiaries Summary of Q4/14: Financial Results Profit before Tax of the Segment Corporate Branch Network (PLN M, by quarter) +52% 47 47 47 47 47 +27% 200.4 18 18 18 18 18 143.3 157.9 46.5 1
Slide 58: Corporates and Financial Markets: Loans and Deposits
Summary Appendix Historical view Profit & Loss Balance Sheet Corporates and Financial Markets Business Lines Subsidiaries Summary of Q4/14: Loans and Deposits Gross Loans to Corporate Entities Deposits from Corporate Customers (PLN M) (PLN M) +11.4% +20.5% +4.1% +2.1% 32,841 31,576 32,237 31,884 31,
Slide 59: Corporates and Financial Markets: Market Shares
Summary Appendix Historical view Profit & Loss Balance Sheet Corporates and Financial Markets Business Lines Subsidiaries Market Shares mBank’s Market Shares in Investment Banking Services1 mBank in the Market for Non-Treasury Debt2 as of 31.12.2014 (PLN M) 52,824 14.8% 27.3% 29,010 19,037 9,942 6,8
Slide 60: Detailed Results of the mBank Group's companies: Subsidiaries
Summary Appendix Historical view Profit & Loss Balance Sheet Business Lines Subsidiaries Detailed Results of the mBank Group’s companies in Q4/14 Subsidiaries Investor Presentation – Q1-Q4 2014 |60
Slide 61: Financial Results of Major Subsidiaries
Summary Appendix Historical view Profit & Loss Balance Sheet mBank Group’s Subsidiaries Business Lines Subsidiaries Summary of Q4/14: Financial Results of Major Companies Profit before Tax of Consolidated Subsidiaries (PLN M) -29% Q4 -13% Q1-Q3 64.4 61.6 18.3 13.0 53.5 45.9 9.1 9.0 +253% -22% +8% +1
Slide 62: mBank Hipoteczny (mBH)
Summary Appendix Historical view Profit & Loss Balance Sheet mBank Group’s Subsidiaries Business Lines Subsidiaries mBank Hipoteczny (mBH) Loan Portfolio: Balance-sheet Exposure Profit before Tax (PLN M, net value) (PLN M) established in 1999 +32% +253% +18% +18% specialised mortgage bank and 25.5 t
Slide 63: Leasing and Factoring (Poland)
Summary Appendix Historical view Profit & Loss Balance Sheet mBank Group’s Subsidiaries Business Lines Subsidiaries Leasing and Factoring (Poland) Leasing contracts Market share & position – 2014 Profit before Tax (PLN M) (PLN M) +29% 7.4% -29% established 3,157 64.4 in 1991 2,442 897 Rank 18.3 45.9
Slide 64: Dom Maklerski mBanku (mDM)
Summary Appendix Historical view Profit & Loss Balance Sheet mBank Group’s Subsidiaries Business Lines Subsidiaries Dom Maklerski mBanku (mDM) Market Shares in Q4/14, by volume Profit before Tax (PLN M) established in 1991 incl. block Session -22% transactions transactions providing a full range of
Slide 65: BRE Ubezpieczenia (BRE Insurance)
Summary Appendix Historical view Profit & Loss Balance Sheet mBank Group’s Subsidiaries Business Lines Subsidiaries BRE Ubezpieczenia (BRE Insurance) Bancassurance Retail – Total Premium Direct Insurance (Internet platform) – Total Premium (PLN M) (PLN M) -28% +1% 1,872.0 142.8 144.9 567.6 1,356.5 3
Slide 66: mBank's share price performance in 2014
mBank’s share price performance in 2014 Shareholder return supported by a dividend payout of PLN 17 per share mBank’s index membership and weights* mBank’s share performance v. main indices (rebased to 100) 116 WIG-30 2.95% 112 WIG-20 3.19% WIG 1.98% 108 WIG-Banks 6.83% 104 WIG-Poland 2.00% 100 -0.4
Slide 67: mBank's awards and distinctions in 2014
mBank’s awards and distinctions in 2014 Innovations appreciated by both clients and external experts Recognized as “The Best Four statuettes for the best personal Among the most Corporate/Institutional account, an account for businesses, innovative companies Internet Bank in Poland” activities in so
Slide 68: mBank Analyzer
mBank Analyzer mBank Analyzer Further enhancing our reporting standard Analyse, customise, export and print selected data on mBank Group, covering all periods since Q1/06 in quarterly and annual series Includes FX Comprehensive Summary of Data covering Details on each structure and report on key fin
Slide 69: Contact details
Contact details mBank’s Investor Relations at your service: E-mail address: investor.relations@mbank.pl Wojciech Chmielewski Direct dial: +48 22 829 14 34 E-mail: wojciech.chmielewski@mbank.pl Head of Investor Relations and Group Strategy Joanna Filipkowska Direct dial: +48 22 829 04 53 E-mail: joan