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 ...

Locked content Bank Millennium’s profits fall

Polish Bank Millennium, owned by Portuguese BCP, recorded a 66 percent annual decrease in its fourth-quarter net profits, mainly due to sector-wide payments to bank guarantee and borrowers support funds, as well as a fine imposed by the antimonopoly office, the lender said. Millennium’s net pr...

Locked content BCP shrunk its shares in Millennium by over 15%

Banco Comercial Português (BCP) sold 15.41 percent of its shares (186.98 million) in Polish lender Millennium Bank. The Portuguese lender owns now 50.1 percent of the entire holding, the firm informed.  Each share was valued at PLN 6.65. Transaction was conducted through accelerated book-building fo...

Locked content BCP sells over 15% of Millennium shares

Millenium BCP has launched an accelerated placement of 15.41 percent of its Polish unit’s shares, Reuters reported. “The placement will enable Millennium to further strengthen its capital position while retaining a majority shareholding in the company,” it said in a statement. R...

Locked content Bank Millennium reports higher profit than expected

The net profit of the seventh-biggest lender in Poland, Bank Millennium, grew by 10.5 percent year-on-year in Q4 of 2014 and amounted to PLN 157.7 million, the company informed on Monday. Market consensus put the figure at PLN 149 million. The result was better than experts’ expectations, beca...

Locked content Bank Millennium profit in line with expectations

Bank Millennium, a unit of Portuguese Millennium bcp, recorded a consolidated net profit of PLN 163.6 million in the second quarter of 2014, the company said in a release on Monday. The result was slightly lower than a consensus compiled by the Polish Press Agency, which stood at PLN 165.8 million. ...