...September 23, 2025 This report does not constitute a rating action. PARIS (S&P Global Ratings) Sept. 23, 2025--S&P Global Ratings said today that it regards mBank S.A.'s (###+/Stable/A-2) announced new corporate strategy for 2026-2030 as largely a continuation and acceleration of the bank's trajectory over the past year. The bank's main priority is to increase its organic growth, aiming to raise its market share to over 10% from about 8% on the Polish market. The bank will continue to focus on both retail and corporate clients, with digital offerings at the heart of the customer service proposition. Overall, we do not assess this revised strategy signals a material change in the bank's credit profile. We have revised our financial forecasts following the new strategy announcement, and now expect higher loan growth and a gradual restart of dividend distributions in the coming years. We anticipate that the bank's risk-adjusted capital ratio will remain comfortably above 10% over the forecast...
