Earnings Poll: Poland's mBank quarterly profit seen doubling as Swiss franc loan provisions fall

Mbank SA

28/07/2025 14:03

mBank Q2 results due July 31

Lender's Q2 net profit seen at 933 mln zlotys

GDANSK, July 28 (Reuters) - Commerzbank's CBKG.DE Polish unit, mBank MBK.WA, is expected to post a second-quarter net profit of 933 million zlotys ($255.58 million), a Reuters poll showed on Monday, more than doubling the 422 million zlotys in the year earlier period.

Analysts expect the improvement to have been driven by a drop in provisions for the company's Swiss franc mortgage portfolio.

In June, mBank estimated the second-quarter cost of legal risk related to foreign currency loans at 539.6 million zlotys, down from 1.01 billion zlotys a year earlier.

The following table summarises forecasts for mBank results (figures in millions of zlotys unless stated otherwise):

SECOND QUARTER OF 2025

================================================================

               Net Profit        Net Interest       Net Fee

                                    Income          Income

================================================================

  Median           937               2475            545

  Average          933               2475            547

  Lowest           913               2463            540

  Highest          960               2494            560

 No. of f'casts    5                  5               5

  Q2 2024          422               2165            491

  Q1 2025          706               2439            503

Forecasts provided by: Santander Bank, Bank Millenium, DM BOS, Erste Securities, PKO PB

($1 = 3.6505 zlotys)

 (Reporting by Julia Kotowska;
Editing by Kirsten Donovan)

 ((julia.kotowska@thomsonreuters.com; +48 58 769 67 57;))