Slide 1: Results of mBank Group Q1 2026
Results of mBank Group Q1 2026 Robust profitability supported by continued growth momentum Presentation for the market, 30.04.2026
Slide 2: Agenda
Agenda 01 Key financial and business highlights in Q1 2026 02 Overview of the results development in Q1 2026 03 Update on Poland’s macroeconomic situation and outlook 04 Appendix
Slide 3: Key financial and business highlights in Q1 2026
01 Key financial and business highlights in Q1 2026
Slide 4: Key highlights of Q1 2026
Key highlights of Q1 2026 Dynamic expansion of credit portfolio driven by acceleration of mortgage sales and corporate financing, accompanied by a surge of deposits, while maintaining safe capital position Gross loans of mBank Group Deposit base of mBank Group Tier 1 capital ratio of mBank (PLN bill
Slide 5: Key highlights of Q1 2026
Key highlights of Q1 2026 The highest gross profit in history despite challenging market conditions thanks to growing revenues, excellent efficiency, seasonally lower risk costs and a decline of legal provisions Normalized cost/income ratio Gross profit of mBank Group Return on tangible equity of mB
Slide 6: Market position of mBank Group in Poland after Q1 2026
Market position of mBank Group in Poland after Q1 2026 mBank Group’s market shares in strategic product categories HOUSEHOLDS HOUSEHOLDS HOUSEHOLDS total loans total deposits total mortgage loans 8.1% 8.8% 8.0% 8.7% 8.7% 8.6% 8.0% 8.6% 8.5% 8.5% 7.9% 8.4% 8.4% 8.4% 7.8% 03/25 06/25 09/25 12/25 03/26
Slide 7: Summary of financial results in Q1 2026: Profit and Loss Account
Summary of financial results in Q1 2026: Profit and Loss Account PLN million Q1 2025 Q4 2025 Q1 2026 ∆ QoQ ∆ YoY Net interest income 2,470 2,482 2,391 -3.7% -3.2% Net fee and commission income 503 543 576 +6.1% +14.5% Net trading and other income 58 34 127 +269% +123% Total income 3,031 3,059 3,094
Slide 8: Summary of financial results in Q1 2026: Balance Sheet
Summary of financial results in Q1 2026: Balance Sheet PLN million 31.03.2025 31.12.2025 31.03.2026 ∆ QoQ ∆ YoY Total assets 246,068 280,253 290,547 +3.7% +18.1% Gross loans to customers 131,433 136,772 145,663 +6.5% +10.8% Individual client loans 71,545 78,527 80,744 +2.8% +12.9% Corporate client l
Slide 9: Financial innovation and product development at mBank in Q1 2026
Financial innovation and product development at mBank in Q1 2026 smartTerminal in mBank’s mobile application new fully digital mLeasing Platform mBank launched cutting-edge solution to support mBank expanded its offering for business customers entrepreneurs with payments. with another solution simpl
Slide 10: Financial innovation and product development at mBank in Q1 2026
Financial innovation and product development at mBank in Q1 2026 Strategic growth areas in corporate segment Smart lending for SME customers mBank’s strategy “Full Spead Ahead” assumes that the mBank developed simplified and fully digital lending loans granted to the 6 areas of strategic priority wi
Slide 11: Overview of the results development in Q1 2026
02 Overview of the results development in Q1 2026
Slide 12: Results of mBank Group in Q1 2026 – New lending business
Results of mBank Group in Q1 2026 – New lending business Record sales of mortgage and consumer loans, new corporate credit kept the pace 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 13: Results of mBank Group in Q1 2026 – Loans to customers
Results of mBank Group in Q1 2026 – Loans to customers Strong growth of loan portfolio driven by mortgages and a rebound of corporate exposures Development of mBank Group’s gross loans Market shares in loans PLN million 31.03.2026, in Poland +10.8% ∆ QoQ ∆ YoY +6.5% HOUSEHOLDS total loans 145,663 8.
Slide 14: Results of mBank Group in Q1 2026 – Customer deposits
Results of mBank Group in Q1 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 31.03.2026, in Poland +18.2% ∆ QoQ ∆ YoY HOUSEHOLDS +3.5% total deposits 237,09
Slide 15: Results of mBank Group in Q1 2026 – Total income and margin
Results of mBank Group in Q1 2026 – Total income and margin Falling net interest income more than offset by a rise of net fees and high net trading result mBank Group’s total income Net interest margin of mBank Group PLN million quarterly data +2.1% 4.29% 4.22% impacted by interest +1.1% ∆ QoQ ∆ YoY
Slide 16: Results of mBank Group in Q1 2026 – Total costs and efficiency
Results of mBank Group in Q1 2026 – Total costs and efficiency Increase of costs due to BFG contributions amid disciplined management of other expenses mBank Group’s operating costs Cost/Income ratio of mBank Group PLN million quarterly data 37.9% +8.4% +14.4% ∆ QoQ ∆ YoY 34.6% 33.9% +16.0% -11.0% 3
Slide 17: Results of mBank Group in Q1 2026 – Credit losses and cost of risk
Results of mBank Group in Q1 2026 – Credit losses and cost of risk A decline of risk costs reflecting significant provision releases in corporate segment mBank Group’s net impairment losses and fair value change on loans Cost of risk of mBank Group PLN million quarterly data 0.77% -37% ∆ QoQ ∆ YoY 0
Slide 18: Results of mBank Group in Q1 2026 – Loan portfolio quality
Results of mBank Group in Q1 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 3.8% 3.5% according to EBA -0.6% 3.4% 3.4% 3.4% definition has r
Slide 19: Results of mBank Group in Q1 2026 – Net result and profitability
Results of mBank Group in Q1 2026 – Net result and profitability Strong financial performance despite elevated regulatory and fiscal burdens mBank Group’s net profit and main drivers of its development Profitability ratios of mBank Group PLN million quarterly data -28 Decline of legal provisions 23.
Slide 20: Results of mBank Group in Q1 2026 – Capital position
Results of mBank Group in Q1 2026 – Capital position Comfortable capital buffers over regulatory minima supported by full profit retention Own funds and their components Total risk exposure amount mBank Group’s capital ratios PLN million PLN million compared to regulatory requirement 31.03.2026 surp
Slide 21: Key take-aways after Q1 2026
Key take-aways after Q1 2026 We delivered Strong growth of credit portfolio (+11% YoY) and deposit base (+18% YoY) in both retail and corporate client segments, translating into improvement of market shares Good start to the execution of the new strategy along with launch of solutions designed to su
Slide 22: Update on Poland’s macroeconomic situation and outlook
03 Update on Poland’s macroeconomic situation and outlook
Slide 23: 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 24: 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 25: 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% 2.4% in 2026 as the adverse effects of the war in the Domest
Slide 26: Outlook for mBank Group for 2026
Outlook for mBank Group for 2026 We expect Total revenues at a similar level compared to 2025 despite lower interest rate environment as margin pressure should be offset by balance sheet expansion and rising net fees The Cost/Income ratio to remain below the strategic target of 35% thanks to discipl
Slide 27: Appendix
Appendix
Slide 28: Consolidated Profit and Loss Account – quarterly
Consolidated Profit and Loss Account – quarterly Quarterly results (PLN million) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Net interest income 2,470 2,555 2,511 2,482 2,391 Net fee and commission income 503 582 580 543 576 Net trading and other income 58 60 88 34 127 Total income 3,031 3,197 3,179 3,0
Slide 29: Consolidated Statement of Financial Position – quarterly
Consolidated Statement of Financial Position – quarterly Assets (PLN million) 31.03.2025 30.06.2025 30.09.2025 31.12.2025 31.03.2026 Cash and balances with Central Bank 16,722 20,797 21,973 40,481 23,537 Loans and advances to banks 18,792 19,281 20,541 13,193 22,983 Trading securities 2,097 2,877 2,
Slide 30: mBank Group’s financial ratios – quarterly and cumulatively
mBank Group’s financial ratios – quarterly and cumulatively Key financial ratios Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 quarterly 4.29% 4.22% 3.97% 3.74% 3.52% Net interest margin YtD 4.29% 4.25% 4.16% 4.05% 3.52% quarterly 33.9% 28.2% 29.2% 33.1% 37.9% Cost/income ratio YtD 33.9% 30.9% 30.4% 31.0%
Slide 31: Results of mBank Group in Q1 2026 – Net interest income
Results of mBank Group in Q1 2026 – Net interest income Structure of mBank Group’s interest income Structure of mBank Group’s interest expense PLN million PLN million asset funding 6.2% 6.1% 5.8% 5.4% 5.0% yield 2.2% 2.1% 2.0% 1.8% 1.7% costs -6.0% -11.9% -3.6% 3,723 -3.3% 3,658 3,646 3,564 1,188 1,
Slide 32: Results of mBank Group in Q1 2026 – Net fees and commissions
Results of mBank Group in Q1 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 33: Results of mBank Group in Q1 2026 – Legal risk of CHF portfolio
Results of mBank Group in Q1 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 34: Results of mBank Group in Q1 2026 – Legal risk of CHF portfolio
Results of mBank Group in Q1 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 31.03.2026 19,177 Share of CHF mortgages in total loan portfolio -94% declined from 23.6% i
Slide 35: 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 290.5 290.5 280.3 280.3 31.5 11% 22.3 8% 256.2 261.5 256.2 261.5 21.4 4% 246.1 48.1 246.1 11.6 20.4 10.2 3.4 3.5 1% 28.3 29.3 19.5 13.8 5
Slide 36: 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 31.03.2026 31.03.2026 Real estate 4.7% 0.1% Construction 4.1% 0.7% Financial activities 4.1% 17.6% Power and heating distribution 2.8%
Slide 37: Selected Financial Data – Funding profile
Selected Financial Data – Funding profile Structure of mBank Group’s funding Summary of mBank’s long-term funding instruments 31.03.2026 31.03.2026 (without covered bonds issued by mBank Hipoteczny) Nominal Issue Maturity Currency Tenor Coupon value date date Other Subordinated liabilities 4.3% NPS
Slide 38: Selected Financial Data – Capital requirements and liquidity
Selected Financial Data – Capital requirements and liquidity Regulatory capital requirements for mBank Group 31.03.2026 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 +3.94 p
Slide 39: 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 +4.60 +4.75 24.63% 24.72% 25.88% 22.81% 22.93% 24.19% 23.19% 24.01% 21.70% 22.41% 19.41% 17.66% 4.05% 4.05% 15.36% 13.61% 03/25 06/25 09/25 1
Slide 40: 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 Corporate account opening number of active users logging number of accounts opened by into every month, thousand corporate clients, by process type +303 +83 1,233 4,130 4,213 1,150 1,157 3,909 21 584 616 117
Slide 41: 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 +188 fully remote account opening with e-ID or a selfie and agreement approved via a text message 5,782 5,812 5,850 5,896 5,969 Customer split by country: 1,138 1
Slide 42: 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 0% -4% Business +1% in Poland +2% 1,201 1,158 1,902 2,021 2,017 1,887 1,907 1,027 970 987 80 68 145 158 158 131 140 62 15 29 1,757 1,863 1,
Slide 43: 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 +12.9% +18.6% +2.8% +3.9% 80,744 171,233 76,860 78,527 164,812 74,120 262 71,545 153,479 261 144,402 148,458 23,290 14% 315 23,716 25,586
Slide 44: 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 13.1% 16.6% +15% +67% +3% +11% 10,181 10,300 10,587 28,420 9,242 9,737 25,619 20,721 4,702 3,180 3,273 3,272 3,372 17,806 4,612 3,0
Slide 45: 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 +12% +10% +78% physical network: light +4% +1% +13% 14 branches financial 6 centres 24,324 25,184 14,820 15,010 135,625 22,419 13,615 120,334 10 mKiosks 76,
Slide 46: 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: +1,507 entirely digital onboarding process, with no in-person K1 segment contact and printouts required 36,516 36,961 37,375 37,551
Slide 47: 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 -4% -13% -4% -8% 696 648 1,079 1,079 1,094 1,073 1,034 580 546 504 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 mBank’s engage
Slide 48: 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 +8.4% +17.2% +11.5% +2.4% 64,919 64,333 65,864 62,556 62,886 60,483 1,175 59,888 990 58,246 7,565 56,215 57,2
Slide 49: 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 50: 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 51: 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 52: 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 53: 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 credible transition plan economic potential for ev
Slide 54: 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 31.03.2026 140 mBank’s share price ISIN code PLBRE0000012 136 31.03.2025 811.2 +33.1% Bloomberg MBK PW 132 MIN (09.04.2025) 701.2 (market closing
Slide 55: 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 quarter of 2026, prepared under the International Financial Reporting Standards. For more detailed information on mBank S.A. and mBa
Slide 56: 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