mBank SA (FRA:BRU)

€ 122.1 0.4 (0.33%) Market Cap: 5.38 Bil Enterprise Value: 1.73 Bil PE Ratio: 19.20 PB Ratio: 1.55 GF Score: 75/100

Q1 2021 mBank SA Earnings Call Transcript

Apr 29, 2021 / 07:30AM GMT

Release Date Price: €52.95 (+17.15%)

Transcript

Joanna Filipkowska

mBank S.A. - Deputy Head of IR Equity Investors & Analysts

Good morning, ladies and gentlemen. Apologies for a small delay. Welcome to this conference that will present the results of mBank Group in the first quarter of 2021. The results will be presented by Mr. Cezary Stypulkowski, Chief Executive Officer; Mr. Andreas BÃÂ¶ger, Chief Financial Officer; as well as Mr. Marek Lusztyn, Chief Risk Officer. Macroeconomic overview will be presented by Marcin Mazurek, Chief Economist. Cezary, the floor is yours.

Cezary Stypulkowski

mBank S.A. - President of the Management Board & CEO

Good morning. Well, thank you for your participation. A few introductory words. The first quarter in principle was pretty good under the circumstances. What needs to be flagged is that specifically our net fee income was very strong, which is another consecutive quarter when we deliver above-expectations level of fees and commissions. As I have flagged a few years ago, this is the next stage of the development of Polish banking, and we consequently tried to

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