mBank – Ratings Affirmed with a Stable Outlook

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of mBank (or the Bank) at ‘BBB’ and ‘A2’, respectively. At the same time, CI Ratings has affirmed the Bank Standalone Rating (BSR) of ‘bbb’, Core Financial Strength (CFS) rating of ‘bbb’ and Extraordinary Support Level (ESL) of Uncertain. The Outlook on the LT FCR and BSR is Stable.

The affirmation of the ratings is supported by mBank’s strengthening financial position, underpinned by strong capital buffers, improved profitability and good liquidity. The Bank has effectively optimised its capital through Additional Tier 1 (AT1) issuances and securitisation, while maintaining stable asset quality and high digital transaction volumes, thereby enhancing operational efficiency. The Bank’s funding structure remains stable, anchored by a strong retail deposit base, while a conservative…