Finance Banking
17:19 29 July 2024
Post by: WBJ

B. Millennium counts on increase in lending to enterprises in ‘24

B. Millennium counts on increase in lending to enterprises in ‘24
Source: Pexels

Bank Millennium expects to see increased corporate lending in the second half of 2024, following the completion of its recovery plan. The bank maintains that its risk costs for 2024 will be around 50 basis points. The bank's strong capital position is anticipated to support this growth, though significant investments from large companies may only emerge towards the end of 2024 or in 2025-2026.

In July, the Financial Supervision Authority's new long-term financing ratio recommendation was introduced, requiring banks to maintain a 40% ratio starting from the end of 2026. Bank Millennium has already taken steps to meet this requirement by issuing mortgage bonds, with strong demand noted.

In the first half of 2024, the bank's net profit was PLN 356.9 million, slightly down from PLN 357.9 million in the previous year. The bank does not plan to pay a dividend for 2024 but is open to paying one for 2025, pending further recommendations.

(strefainwestorow.pl)


More News

lifestyle

LifeStyle
19 days ago

Moët Hennessy Poland Expands to a Chic New Headquarters in Warsaw

LifeStyle
1 month ago

Monika Miller Announces Plans for Future Wedding

LifeStyle
1 month ago

Bibliotherapy Can Be an Effective Educational Tool

LifeStyle
2 months ago

Miss Polonia Balances Beauty, Responsibility, and Academic Pursuits

Book of Lists

Book of Lists
3 years ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.

Book of Lists
4 years ago

25th jubilee edition of Book of Lists – project start