Investor Presentaiton
mBank Hipoteczny key financials
Summary of Key Financials: Profit and Loss Accounts
in PLN M
2016
2017
2018
2019
2019 H1
2020 H1
-
NII Net Interest Income
130.1
156.0
176.3
186.1
91.7
83.3
Decrease in NII due to
interest rate policy of NBP
-
NFC Net Fee &
1.5
(5,7)
(2.5)
(8.2)
(3.4)
(3.5)
Commission Income
Total income¹)
134.1
146.9
171.7
180.8
92.4
80.0
Total costs²)
(65.7)
(67.5)
(63.6)
(67.89)
(39.6)
(37.5)
Cost/Income Ratio
48.96%
45.99%
36.78%
36.81%
43.83%
49.45%
LLP Loan Loss Provisions
(21.6)
(20.2)
(16.71)
(20.0)
(8.34)
(17.57)
Increase in LPP as a
consequence of COVID-19
Operating result
46.9
59.2
88.3
91.3
43.0
19.9
Taxes on the balance sheet
Profit before income tax
(16.7)
(24.4)
(27.6)
(32.2)
(16.1)
(15.5)
30.2
34.7
60.7
59.1
26.8
4.4
Net profit
23.4
27.8
41.2
37.1
17.2
1.2
Net Interest Margin (NIM)
1.37%
1.36%
1.44%
1.40%
1.38%
1.24%
TCR
14.54%
15.79%
16.25%
18.23%
17.43%
18.52%
Net profits impacted by
LPP, balance sheet tax and
lower NII
Increased capitalisation due to
larger share of residential low
risk loans
Cost of Risk LLP
0.26%
0.20%
0.19%
0.19%
0.13%
0.32%
-
ROE Return on Equity
(gross)
3.62%
3.46%
5.85%
4.95%
4.66%
0.70%
-
ROA Return on Assets
0.31%
0.30%
0.49%
0.44%
0.41%
0.07%
(gross)
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)
Source: IFRS Financial Statements of mBank Hipoteczny
m
mBank
Hipoteczny
Covered
bonds
Cover Pool
Polish
Economy
Real Estate
Market
19
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