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 ...

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...