Locked content Bank Millennium to buy Euro Bank for PLN 1.833 bln

WSE-listed Bank Millennium signed a deal to buy 99.79 percent stake in Euro Bank from Societe Generale for PLN 1.833 billion, the company said in a market filing. The final price will be adjusted for Euro Bank’s assets at the day of closing the transaction. The transaction is still subject to ...

Locked content Bank Millennium to takeover SKOK Piast

The Financial Supervision Authority KNF has approved WSE-listed Bank Millennium application to takeover troubled credit union SKOK Piast. Millenium will takeover the management of the union on October 17, while on November 1 it will fully takeover SKOK Piast. The Bank Guarantee Fund will provide fin...

Locked content Bank Millennium raises bond issue cap to PLN 3 bln

The Supervisory Board of Bank Millennium has approved the increase in nominal value of the third bond issue by PLN 1 billion to a total sum of PLN 3 billion, or its equivalent in the euro, the dollar or the Swiss franc, the bank stated. Back in 2015, the Supervisory Board approved a third bonds̷...

Locked content Bank Millennium confirms its PLN 681 mln 2017 profit

WSE-listed Bank Millennium, posted a PLN 681.2 million net profit, down by 2.9 percent y/y confirming its preliminary results. Excluding one-off incomes and fees (in particular the profit from the sale of Visa Europe), net profit groups increased by 30.8 percent. Net interest income stood at PLN 1.6...

Locked content Millennium profit grows

WSE-listed Bank Millennium, posted a PLN 179.6 million net profit in Q4, up by 37 percent y/y according to the lender’s preliminary results. Net interest income stood at PLN 449.2 million compared to PLN 446.6 million a quarter earlier. Net fee and commission income amounted to PLN 169.4 million com...

Locked content UOKiK fines Bank Millennium

WSE-listed Bank Millennium has been slapped with a PLN 20.7 million fine by the antitrust watchdog UOKiK for “misleading its clients.” According to UOKiK the bank claimed that its abusive clauses put in the contracts and were on the public list of banned provisions were not a good enough reason to c...

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...