13. HR development

13.1. Changes in employment

At the end of 2014 the total employment in mBank Group was 6,318 FTEs compared to 6,073 FTEs a year before (+4.0% or +245 FTEs).

At the end of 2014 employment at mBank amounted to 4,895 FTEs and rose by 199 FTEs compared to 2013 (+4.2%). Rising employment resulted mainly from implementation of strategic projects: Orange Finance and development of relations with SME (for more information please see section 3.1. mBank Group Strategy in 2012-2016).

mBank's employees are relatively young: 52% are below the age of 35. They are also well-educated: 83% are graduates of higher education institutions. Many employees undertake post-graduate studies and internal MBA studies, thus acquiring new professional qualifications.

At the end of 2014 employment in Group subsidiaries amounted to 1,422 FTEs compared to 1,377 a year before (+3.3%).

The chart below illustrates the employment structure in mBank Group, by subsidiaries, and in mBank, by areas of operation: