Q4 2019 mBank SA Earnings Call Transcript
[Interpreted] Good morning and welcome to this conference that will present the results of 2019 in mBank Group. The results will be delivered by CEO, Cezary Stypulkowski; CFO, Andreas B?ger. And then we'll have a presentation of the macroeconomics from our Chief Economist, Ernest Pytlarczyk.
[Interpreted] Good morning. This will be a brief overview, and then we'll take your questions.
Operational figures. This was a fabulous year in terms of the bank's activities. All that we control went well, all that we couldn't went so-so. The net interest income, 14.5% up, with an improved net interest margin, partly due to lower cost of financing. But in lending, our changing loan mix also impacts the results. The NFC went down somewhat year-on-year. But well, that was due to changes in the recognition of insurance fees. These lines, the fees and commissions lines that are active have been performing
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
