Earnings Poll: Poland's mBank seen posting 622 mln zloty net profit in Q1

Mbank SA

25/04/2025 11:22

mBank Q1 results due April 30

Lender's Q1 net profit seen at 622 mln zlotys

GDANSK, April 25 (Reuters) - Commerzbank's CBKG.DE Polish unit, mBank MBK.WA, is expected to post a first-quarter net profit of 622 million zlotys  ($165.45 million), a Reuters poll showed on Friday, compared to a net profit of 262.5 million zlotys reported last year.

Analysts forecast a quarterly decline of about 3% in net interest income, driven by fewer number of days compared with those in 2024, which was a leap year, and the adverse effects from loans denominated in euros.

In March, mBank estimated the first-quarter cost of legal risk related to foreign currency loans at 643.5 million zlotys, down from 1.06 billion zlotys a year earlier.

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

FIRST QUARTER OF 2025

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

               Net Profit        Net Interest       Net Fee

                                    Income          Income

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

  Median               609             2447         501

  Average              622             2442         518

  Lowest               602             2410         495

  Highest              680             2463         592

 No. of f'casts       5                  5            5

  Q1 2023            263                2340         484

  Q4 2024            986                2513         497

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

($1 = 3.7594 zlotys)

 (Reporting by Julia Kotowska;
Editing by Tomasz Janowski)

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