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 1.69 billion compared to PLN 1.5 billion in 2016. Net fee and commission income amounted to PLN 663.55 million compared to PLN 581.02 million the year before. Total assets of the bank totaled PLN 71.14 billion at the end- 2017, a 3.4 percent y/y growth.