Locked content Bank Millennium’s PLN 1.5 bln securities issue approved by super...

The supervisory board of Bank Millennium has approved the lender’s third securities issue program with nominal value of up to PLN 1.5 billon. The securities will be issued between February 2018 and March 2023 and will not have collateral. Bank Millennium’s strategic shareholder is Banco Comercial Po...

Locked content UnionPay to issue cards in Poland

Chinese banking card payment processor UnionPay signed a strategic deal with Portuguese Banco Comercial Portugues (BCP) to issue its payment cards on the markets where the bank operates. BCP is the owner of WSE-listed Bank Millennium. Besides Poland and Portugal, BCP operates in Switzerland, Angola,...

Locked content BZ WBK in the lead for Deutsche Bank Poland

BZ WBK is getting closer to buying Deutsche Bank’s Polish assets, according to Reuters. “Offers were submitted by BZ WBK and Millennium. But Millennium’s offer is too low. In these circumstances only BZ WBK’s offer is taken into consideration,” Reuters said, quoting a person familiar with the negoti...

Locked content mBank won’t be buying Polish Deutsche Bank assets – Reuters

WSE-listed lender mBank has reportedly withdrawn from running to buy Deutsche Bank’s Polish assets, Reuters reported citing sources close to the situation. BZ WBK and Millennium Bank remain at the negotiation table, with Millennium announcing back in July that it has entered the second phase o...

Locked content Millennium Bank closer to buying Deutsche Bank Polska

WSE-listed Millennium Bank has moved onto the second phase of talks regarding buying the Polish assets of Deutsche Bank. “We’ve analyzed the, passed to the second phase, and have answered some of the required questions, but I won’t give details,” Millennium Bank CEO Nuno Amado said. Port...

Locked content Bank Millennium Q2 profit down, but above market consensus

WSE-listed Bank Millennium, posted a net profit of PLN 173.6 million in Q2 2017, down by 41 percent y/y, but above the market consensus for PLN 169.8 million. Last year’s Q2 results were affected by a large one-off gain from VISA Europe sale. Net interest income was up by 4.5 percent q/q to PLN 429....
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Bank Millennium renews 18,900-sqm lease deal in Warsaw

In what is the largest lease transaction to have been signed in the office property market Poland since the beginning of the year, Bank Millennium has renewed its lease of more than 18,900 sqm in the Millennium Park complex in Warsaw for an additional ten years. Cushman & Wakefield represented t...

Locked content Bank Millennium with PLN 140.5 mln net profit in Q1

WSE-listed Bank Millennium, posted a PLN 140.5 million net profit in Q1, beating the market consensus for PLN 116.8 million. The bank claimed that comparable net profit increased 30 percent y/y. ROE stood at 8.1 percent. The lender had 1.52 million active customers. 136k more y/y, while retail depos...

Locked content Bank Millennium with better than expected Q4 profit

WSE-listed Bank Millennium, a unit of Portuguese Millennium BCP, edged out consensus expectations (PLN 127.5 million) with a PLN 131.5 million net profit in Q4. For the 2016, the profit stood at PLN 701.3 million compared to PLN 546.5 million in 2015. The revenue for the last year stood at PLN 652.6...