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WSE-listed lender mBank has reportedly withdrawn from running to buy Deutsche Bank’s Polish assets, Reuters reported citing sources close to the situation.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...

Locked content Bank Millennium net profit falls y/y to PLN 138.8 mln in Q3

The consolidated net profit of Bank Millennium fell in Q3 of 2016 to PLN 138.8 million from PLN 165.7 million a year earlier, the bank reported. The net profit was close to the PAP consensus of PLN 135.9 million. However, the net profit for the period Q1-3 was up sharply y/y, amounting to PLN 569.8 ...

Locked content Chinese Fosun offers to buy 16.7% stake in Bank Millennium owner

Fosun Group, China’s biggest private conglomerate, is interested in the purchase of a stake in Portuguese Millennium BCP Reuters informed. Millenium is the majority owner of Polish Bank Millennium. According to the news agency, Fosun International made a firm offer to buy a 16.7 percent stake,...