mBank is a Polish direct bank, part of BRE Bank (owned by Commerzbank

Commerzbank

Commerzbank AG is the second-largest bank in Germany, after Deutsche Bank, headquartered in Frankfurt am Main.-Activities:Commerzbank is mainly active in commercial bank, retail banking and mortgaging. It suffered reversals in investment banking in early 2000s and scaled back its Securities unit...

). mBank was launched as a greenfield venture in 2000 and started its operations on November 26, 2000. 10 years later (by Q3 2010) it had acquired 2.5 million customers and had 14 billion PLN deposits and 13.1 billion PLN in loans. It is currently the 3rd largest retail bank in Poland in terms of number of customers.

The current BRE Bank CEO

Chief executive officer

A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...

 is Cezary Stypułkowski. mBank's General Manager is Pawel Kucharski.

Timeline

• 25/26 Nov 2000 - mBank's launch
• 2001 - Launch of the first Cyber Cafe
• 24 Dec 2001 - 1 bln PLN deposits
• 21 Jan 2002 - 150 thousand clients
• 2002 - first Credit Centre opened (currently Financial Centre), a physical place of contact for loan origination
• Jan 2003 - Online Managed Funds launched as an open platform for 3rd party products
• 2004 - Launch of consumer loans
• Jul 2005 - Online brokerage
• 2005 - 1 million clients
• 3 Dec 2006 - mBank Mobile launched, the first mobile virtual network operator
  Mobile virtual network operator
  A mobile virtual network operator is a company that provides mobile phone services but does not have its own licensed frequency allocation of radio spectrum, nor does it necessarily have all of the infrastructure required to provide mobile telephone service...
  
   in Poland
• 13 Feb 2007 - Car Insurance Supermarket launched, an open platform for 3rd party car insurance products
• Mar 2007 - mKiosks franshise started (mKiosk a mobile points of sale for financial products, operated in high traffic areas like supermarkets)
• 24/25 Nov 2007 - 7th anniversary and launch of operations in Slovakia
  Slovakia
  The Slovak Republic is a landlocked state in Central Europe. It has a population of over five million and an area of about . Slovakia is bordered by the Czech Republic and Austria to the west, Poland to the north, Ukraine to the east and Hungary to the south...
  
   and Czech Republic
  Czech Republic
  The Czech Republic is a landlocked country in Central Europe. The country is bordered by Poland to the northeast, Slovakia to the east, Austria to the south, and Germany to the west and northwest....
  
  
• 6 Dec 2007 - a Financial Centre opened in London
  London
  London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
  
  
• 15 Mar 2008 – all mBank's payment cards are issued with EMV
  EMV
  EMV stands for Europay, MasterCard and VISA, a global standard for inter-operation of integrated circuit cards and IC card capable point of sale terminals and automated teller machines , for authenticating credit and debit card transactions.It is a joint effort between Europay, MasterCard and...
  
   chips
• 10 Dec 2008 – 2 million clients
• 14 Jun 2009 – major upgrade of online banking system

See also

MBank is also the name of a community bank headquartered in Gresham, Oregon. MBank has five branches throughout the Portland, Oregon

Portland, Oregon

Portland is a city located in the Pacific Northwest, near the confluence of the Willamette and Columbia rivers in the U.S. state of Oregon. As of the 2010 Census, it had a population of 583,776, making it the 29th most populous city in the United States...

metro area.

External links

• mBank general website
• mBank Polish website