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

Q3 2024 mBank SA Earnings Call Transcript

Oct 31, 2024 / NTS GMT

Transcript

Joanna Filipkowska

mBank SA - Head of Investor Relations

Hello, and welcome to our conference, presenting the results of mBank Group in the third-quarter of 2024. The speakers today are Mr. Pascal Ruhland, Chief Financial Officer; Mr. Marek Lusztyn, Chief Risk Officer; and [Acadrow Walworoski], economist from our Macro team. Please use the chat to ask your questions. We will start the Q&A session after the presentation. We can start.

Pascal Ruhland

mBank SA - Vice Chairman of the Management Board, Chief Financial Officer

Thank you very much. Welcome also from my side to our Q3 call. And for us, Q3 stands for positive records in our business model. And also, we took another important step forward to close our Swiss franc legacy topic, but now we start our highlights on slide 3.

And on this slide, I would like to outline three topics. First and foremost, total quarterly revenues at a record level exceeding for the first time, PLN3 billion, so more than PLN1 billion total income per month. The leads to an ROE higher 40% in our core bank, and that is

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