Polish lender mBank to resume dividend payouts under new strategy

Mbank SA

17/09/2025 18:50

Sept 17 (Reuters) - Commerzbank's CBKG.DE Polish arm mBank MBK.WA intends to allocate 30% of its 2026 profit to dividend payments, targeting a 75% payout from 2030 profit under its new strategy, it said on Wednesday.

WHY IT'S IMPORTANT

Poland's fifth-largest bank by market value, which reiterated in July that it does not expect FX mortgage-related legal risk costs to affect its results beyond 2026, has not paid a dividend from profit since 2018.

Polish banks have had to contend with foreign currency mortgages that were popular in the 2000s but have become a burden after the Swiss franc spiked.

BY THE NUMBERS

The bank, in which Commerzbank holds a 69% stake, is targeting a return on tangible equity of more than 22% for the period between 2026 and 2030 while keeping its cost of risk at about 0.8% and a cost-to-income ratio of 35% or lower.

It aims to achieve a more than 10% market share in retail and corporate client loans and deposits.

 (Reporting by Adrianna Ebert and Anna Jaworska-Guidotti
Editing by David Goodman)

 ((Adrianna.Ebert@thomsonreuters.com; +48 58 769 65 88;))