MBank S A : Letter from the Bank Guarantee Fund regarding the minimum requirement for own funds and eligible...

Contents:

1. REPORT

3. INFORMATION ABOUT THE ENTITY

4. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

POLISH FINANCIAL SUPERVISION AUTHORITY

REPORT No

18

/

2024

Date of issue:

Short name of the issuer

mBank S.A.

Subject

Letter from the Bank Guarantee Fund regarding the minimum requirement for own funds and eligible liabilities ("MREL") for mBank S.A.

Official market - legal basis

Art. 17 ust. 1 MAR - informacje poufne.

Contents of the report:

Letter from the Bank Guarantee Fund regarding the minimum requirement for own funds and eligible liabilities ("MREL") for mBank S.A. The Management Board of mBank S.A. ("Bank") informs that on 9 April 2024 the Bank received a letter from the Bank Guarantee Fund ("BFG") concerning the joint decision of the resolution authorities, i.e. the Single Resolution Board and BFG in regards to the minimum requirement for own funds and eligible liabilities ("MREL"). The BFG informs of the updated MREL requirements compared to the levels communicated by the BFG in the letter dated 11 April 2023, about which the Bank informed in the current report no. 23/2023 on 12 April 2023. The MREL requirement has been set for the Bank at the consolidated level, excluding mBank Hipoteczny from the consolidation, in accordance with Art. 97 (4a) of the Act on the Bank Guarantee Fund, the Deposit Guarantee Scheme and Resolution of 10 June 2016. MREL requirement was determined at the level of 15,36% of the total risk exposure amount ("TREA") and should be met by own funds and subordinated eligible liabilities at the level of 13,69% of TREA. MREL requirement in respect to total exposure measure ("TEM") was determined at the level of 5,91% and should be met by own funds and subordinated eligible liabilities at the level of 5,26% of TEM. The Common Equity Tier 1 ("CET1") capital kept for the purposes of the combined buffer requirement amounting to 3,13% TREA cannot be included in MREL requirement in relation to TREA. The requirements should be met immediately after receiving the decision on MREL. As of 9 April 2024 the Bank meets all of the respective MREL requirements.

INFORMATION ABOUT THE ENTITY >>>

		mBank Spółka Akcyjna
		(fullname of the issuer)
		mBank S.A.		Banki (ban)
		(short name of the issuer)		(sector according to clasification of the WSE in Warsow)
		00-850		WARSZAWA
		(post code)		(city)
		Prosta		18
		(street)		(number)
		829-00-00		0000025237
		(phone number)			(fax)
				www.mbank.pl
		(e-mail)			(website)
		526-021-50-88		001254524
		(NIP)			(REGON)

	SIGNATURE OF PERSONS REPRESENTING THE COMPANY
	Date	Name	Position / Function	Signature
	2024-04-09	Maciej Mołdawa	Wicedyrektor ds. nadzoru inwestycyjnego, Departament Compliance