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...

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WSE-listed lender mBank has reportedly withdrawn from running to buy Deutsche Bank’s Polish assets, Reuters reported citing sources close to the situation.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