mBank (Commerzbank) (formerly BRE Bank SA)

Established in 2000 as BRE Bank, the bank was rebranded to mBank in 2013. Today mBank is one of the largest Polish banks, operating as a universal bank and serving all client groups. mBank provides a comprehensive range of products and services in retail, business, corporate and private banking.

    Address  ul. Senatorska 18, 00-950, Warszawa, Poland
    Phone  +48 22 829-00-00
    Fax  +48 22 829-00-33
Member of Group   Commerzbank (Germany)
Business Description 
    Services  retail banking
private banking
corporate banking
    Products  current accounts
savings accounts
time deposit accounts
investment funds
consumer loans
mortgage loans
business loans
Start Date  January 1987
Financial Positions
    Total Assets (2015)  123.52 bln PLN ↑ (+4.69%)
    Total Equity (2015)  12 275.00 mln PLN ↑ (+10.86%)
Profit and Loss
    Net Income (2015)  1 301.00 mln PLN ↑ (+1.09%)
Number of Employees (2015)  8 587 ↑ (+3.75%)
Credit Ratings (as of Apr 2016)
    Fitch  BBB (good credit quality)
    Moody's  Baa2 (lower medium grade)
    S&P's  BBB (adequate capacity to meet its financial commitments)
Deposit Guarantee  Yes (up to 100 000 EUR per depositor)
Bank Identifiers
    MFI ID  PL00114
    Bank Sort Code  11400000
European Presence  3 banks in 3 countries


Current Accounts

Current accounts are non-interest bearing deposit accounts that are used to perform day-to-day banking transactions. Annual costs of having a current account (also known as account management fees) can depend on monthly income input to the account or amount of money deposited into the account. The following current account products are offered by mBank (Commerzbank):

ProductAccount CurrencyAnnual Costs (PLN)Debit CardCredit CardProduct Link
 eKonto mobilne [PL]PLN0.00View Product
 eKonto mobilne [PL]PLN60.00View Product

[PL] This product is offered to Polish residents only. When clicking on the product link you will be redirected to the product page in Polish.

See Also: Current Accounts in Poland

Financial Positions

In 2015 total assets of mBank (Commerzbank) were 123.52 bln PLN. Growth compared to the previous period (2014) was 4.69%. The evolution of the total assets of mBank (Commerzbank) is shown at Chart 1 below.

Total Assets of mBank (Commerzbank).
Chart 1. Total Assets of mBank (Commerzbank).

Recent changes in total assets of mBank (Commerzbank) and its main components are shown in Table 1.

2014 2015 % change
Loans 73.5 80.4 +9.31% ↑
Total Assets 118.0 123.5 +4.69% ↑
Table 1. Recent changes in total assets of mBank (Commerzbank) (bln PLN).

Recent changes in total liabilities of mBank (Commerzbank) and its main components are shown in Table 2.

2014 2015 % change
Deposits 68.7 80.0 +16.57% ↑
Total Liabilities 118.0 123.5 +4.69% ↑
Table 2. Recent changes in total liabilities of mBank (Commerzbank) (bln PLN).

Profit and Loss

In 2015 net income of mBank (Commerzbank) was 1 301.00 mln PLN. Growth compared to the previous period (2014) was 1.09%. The evolution of the net income of mBank (Commerzbank) is shown at Chart 2 below.

Net Income of mBank (Commerzbank).
Chart 2. Net Income of mBank (Commerzbank).

Credit Ratings

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Of the 'Big Three' rating agencies, mBank (Commerzbank) is rated by Fitch and Standard & Poor's.

Credit ratings assigned to mBank (Commerzbank) as of April 2016 are shown in details in the following sections.


Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for mBank (Commerzbank) it is set to BBB (good credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for mBank (Commerzbank) is set to F2 (good short-term credit quality).

Long-Term Issuer Default Rating  BBB
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F2
Viability Rating  bbb-
Support Rating  2
Support Rating Floor  -

Viability rating for mBank (Commerzbank) is set to bbb- (good fundamental credit quality); support rating is 2 (high probability of external support); support rating floor is not set.


Long-term rating for mBank (Commerzbank) it is set to Baa2 (lower medium grade). Long-term bank deposit rating is Baa2 (lower medium grade). Bank financial strength rating is ba2. Short-term rating is not assigned.

Long-Term Rating  Baa2
Long-Term Bank Deposit Rating  Baa2
Bank Financial Strength Rating  ba2
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of mBank (Commerzbank) is set to stable (not likely to change).

Standard & Poor's

Long-term foreign currency rating for mBank (Commerzbank) is set to BBB (adequate capacity to meet its financial commitments). Long-term local currency rating is set to BBB (adequate capacity to meet its financial commitments).

Long-Term Foreign Currency Rating  BBB
    Outlook  -
    Credit Watch  -
Long-Term Local Currency Rating  BBB
    Outlook  -
    Credit Watch  -
Short-Term Foreign Currency Rating  A-2
Short-Term Local Currency Rating  A-2

Short-term foreign currency rating for mBank (Commerzbank) is set to A-2 (satisfactory capacity to meet its financial commitments). Short-term local currency rating is set to A-2 (satisfactory capacity to meet its financial commitments).

Deposit Guarantee

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Poland are obliged to participate in Polish deposit guarantee scheme.

In the case of mBank (Commerzbank) failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  deposits in all the accounts (e.g. term deposits, current accounts, savings accounts)
Covered Currencies  all
Maximum Protected Amount  100 000 EUR
Paid In Currency  PLN

Further Information: Deposit Guarantee Scheme in Poland

ECB Minimum Reserves Requirements (MRR)

Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.

Subject to MRR by ECB  No
Exempt from MRR by ECB  No

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.


BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of mBank (Commerzbank) and its components are shown in the table below.

Bank BIC Code  BREX
Country Code  PL (Poland)
Location Code  PW
Branch Code  XXX


MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of mBank (Commerzbank) is shown in the table below.

MFI ID  PL00114

Bank Sort Code

Bank Sort Code is a code that uniquely identifies a financial institution within a country. Bank sort codes are usually assigned by National Central Banks and differ from BIC codes.

Bank Sort Code  11400000

European Presence

This bank operates in the following European countries and selected dependent territories of the European countries:

Czech Republic


  •  (this bank) mBank (Commerzbank) (Warszawa)


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