Full Year 2025 mBank SA Earnings Call Transcript
Key Points
- mBank SA (STU:BRU) achieved faster than market growth in business volume, with loans and deposits increasing by 10% and 14% respectively.
- The company reported a record net profit of PLN3.5 billion and total revenue of PLN12.4 billion for 2025.
- mBank SA strengthened its capital base with a 19% increase in own funds, driven by full earnings retention.
- Significant progress was made in reducing legal risks related to the Swiss franc portfolio, with a 31% increase in settlements.
- The bank introduced innovative digital solutions, such as Digital Mortgage and Smart Payment, enhancing customer experience.
- Net interest margin declined to 4.05%, reflecting lower average yields on the loan portfolio and central bank placements.
- Operating costs increased by around 13% year on year, driven by higher personnel and IT expenses.
- The cost of risk rose by 8 basis points, although it remained below the strategic target.
- Corporate deposits market share slightly declined due to pricing optimization.
- Legal risk costs related to FX mortgage loans, although reduced, still amounted to PLN2 billion in 2025.
(audio in progress) Chief Executive Officer; and Pascal Ruhland, Chief Financial Officer, who will walk you through the group's financial and business performance. Following the presentation, we will move to the Q&A session, which will be joined by Marek Lusztyn, Chief Risk Officer; and Marcin Mazurek, Chief Economist.
So now I would now -- I would like to hand over to Cezary Kocik, CEO of mBank.
Good afternoon, ladies and gentlemen. Welcome to our conference call for Q4 financial results. In today's presentation, I would like to walk you through our outstanding results in 2025. While Pascal will discuss the results for the fourth quarter and outlook for 2026.
2025 was a year of a strong performance across all key dimensions. Our four major developments that I would like to focus on, we achieved faster than the market growth of business volume, which allow us to further strengthen our market position. The expansion of the Loan portfolio was driven mainly
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