Ipopema Securities - MBANK SA (BRE) mBank 4Q19 Results Review

Report

Ipopema Securities

EUR 30.00 For Business Accounts Only

mBank 4Q19 Results Review

mBank reported net profit of PLN 116m (-67% q/q, -65%y/y) for 4Q19, 11% above consensus. The results were driven by:

06/02/2020 3 EN

Underlying

MBANK SA

mBank is a provider of comprehensive corporate banking services in Poland. Co. and its subsidiaries make up the mBank Group which is engaged in offering financial services. Co.'s service offering includes a comprehensive financial offer tailored to the needs of corporate clients, Private Banking clients, and retail clients. The business activities of Co. is conducted in the following business segments: Retail Banking and Corporates and Markets.

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PLBRE0000012 Warsaw Stock Exchange Poland

Provider

Ipopema Securities

Rapidly growing CEE brokerage with over 50 stocks under coverage across CEE4 countries: Poland, Czechia, Hungary, Romania.

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