mBank – Ratings Affirmed with a Stable Outlook

Ref: PL008 2 3 CRA00- 0 1 3 April 2024

mBank – Ratings Affirmed with a Stable Outlook

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed mBank’s Long-Term Foreign Currency Rating ( LT FCR ) and Short-Term Foreign Currency Rating ( ST FCR ) at ‘BBB’ and ‘A2’, respectively. At the same time, CI Ratings has affirmed the Bank Standalone Rating ( BSR ) of ‘ bbb ’, Core Financial Streng t h ( CFS ) rating of ‘ bbb ’, and Extraordinary Support Level ( ESL ) of Uncertain . The Outlook for the LT FCR and BSR is Stable.

The affirmation of the ratings is supported by the Bank’s deep base of customer deposits, alongside well-managed liquid ity and funding profile, solid capital ratios with a strong buffer above regulatory minima , as well as the substantially improved operating profitability and return to net profit in 2023. The ratings are…