Investor Presentaiton
mBank Hipoteczny: Key financials
Summary of Key Financials: Profit and Loss Accounts (PLN mn)
in PLN M
2018
2019
2020
2021
2021H1
2022H1
-
NII Net Interest Income
176.3
186.1
167.6
139.7
70.5
54.9
Decrease in the net interest income
compared to the first half of 2021 by 22.13%
-
NFC Net Fee & Commission
(2.5)
(8.2)
(6.4)
(7.8)
(3.5)
(4.6)
Income
NFC Trading and other income
(5.2)
(0.1)
(2.5)
(3.6)
(0.4)
27.7
Total income ¹)
168.6
177.8
158.6
128.3
66.7
78.0
Total costs ²)
(63.6)
(66.5)
(62.6)
(64.7)
(36.5)
(39.1)
LLP Loan Loss Provisions
(16.71)
(20.00)
(42.32)
(2.40)
(0.54)
(12.21)
Impairment provisions provide
adequate security against potential
losses resulting from credit risk
Operating result
88.3
91.3
53.7
61.2
29.6
26.6
Taxes on the balance sheet
(27.6)
(32.2)
(31.3)
(31.1)
(15.3)
(15.7)
Profit before income tax
60.7
59.1
22.4
30.2
14.3
10.9
Net profit
41.2
37.1
4.9
18.8
7.8
5.4
Cost/Income Ratio
36.78%
36.81%
38.94%
50.76%
55.42%
Net Interest Margin (NIM)
1.44%
1.40%
1.27%
1.08%
TCR
16.25%
18.23%
19.22%
18.73%
1.10%
18.63%
Cost of Risk LLP
0.19%
0.19%
0.38%
0.17%
0.17%
49.18%
0.90%
18.68%
0.38%
The financial result was greatly
influenced by decrease in commercial
portfolio and increased prepayments in
the retail portfolio
Despite a significant increase in public
burdens, the cost to income ratio slightly
decreased compared to the first half of 2021
ROE Return on Equity (gross)
5.85%
4.95%
1.77%
2.37%
2.26%
1.71%
1) total income (defined as net interest income + net fee and commission income + net trading income + other operating income - other operating expenses)
2) total cost (overhead costs + amortisation and depreciation)
Covered Bonds Investor Presentation
Source: Financial Statement of mBank Hipoteczny SA for 2022 H1
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