Investor Presentaiton
Development of Revenues and Costs
Development of Total Income (PLN M)
Development of Total Costs (PLN M)
136
144
140
138
124
NIM (bps)
45.99%
36.78%
36.81%
Cost/Income
43.83% 49.45%
ratio
+11.0%
171.7
180.8
3.0
146.9
-1.6%
Net Interest
Income
68.6
Other -
including BFG
66.5
63.6
8.1
Net Fee and
7.0
-9.6%
16.9
-5.2%
Staff-related
Commission
costs
Income
89.2
34.0
39.6
30.4
37.5
80.6
25.8
Material
Costs
176.3
186.1
0.9
156.0
0.8
Trading and
14.9
12.1
Other
91.7
83.3
Income
13.0
12.7
23.3
22.4
16.9
Depreciation &
Amortization
8.3
8.4
(5.8).4)
(2.1(2.1)-
2017
2018
-(8.2)-
2019
(3.4)
(3.5)
3.2;
3.8]
6.9
3.4]
4.3]
2019 H1 2020 H1
2017
2018
2019
2019 H1
2020 H1
Core income rising twice as fast as the balance sheet size but put under
pressure in 2020 H1 due to NBP monetary policy.
Loan Loss Provisions (PLN M) & Cost of Risk
2020 H1 vs 2019 H1 lower cost due to decrease in BFG contribution.
Net Profit (PLN M) & Return on Equity (ROE) gross
20
19
19
-0.6%
20.2
20.0
16.7
2017
2018
2019
13
32
Cost of Risk
(bps)
8.3
+110.6%
17.6
2019 H1
2020 H1
Source: IFRS Financial Statements of mBank Hipoteczny
m
3.46%
5.85%
4.95%
+15.4%
41.2
37.1
27.8
4.66%
0.70%
ROE
-93.0%
17.2
1.2
2017
2018
2019
2019 H1
2020 H1
mBank
Hipoteczny
Covered
bonds
Cover Pool
Polish
Economy
Real Estate
Market
Legislation
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