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....

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,...

Locked content Bank Millennium profit up by 78% in Q2 y/y

Bank Millennium, a unit of Portuguese Millennium BCP, recorded a consolidated net profit of PLN 293.8 million in the second quarter of 2016, which means a 77.8 percent growth on a yearly basis and 114.1 percent increase in comparison with the previous quarter, the company informed on Tuesday. The re...

Locked content Bank Millennium to earn nearly PLN 330 mln on Visa merger

Polish Bank Millennium, owned by Portuguese BCP, will receive €55.5 million (PLN 243.8 million) in cash and €19 million (PLN 83.5 million) in Visa Inc. shares in exchange for its stake in Visa Europe, the bank informed in a market filing. The provisions of the transaction are expected to be complete...

Locked content Bank Millennium likely to close 10-20% of its branches

Polish Bank Millennium, owned by Portuguese BCP, is going to develop electronic banking channels and limit the bricks-and-mortar branch network by 10-20 percent in the coming five years, CEO Joao Bras Jorge told PAP. “We have not yet reached the target structure of the network. I think that a ...