Bank Millennium enjoys massive surge in mortgage loans

In 2005 alone the institution financed flats worth zł.2.65 billion, while a year before the figure stood at zł.700 million. "Over the last 18 months we increased our share of the mortgage loans market from about 2% to 10.8%, making us the third bank on the market," said Zbigniew Kudaś, Bank Millennium management board member. The bank is behind PKO BP which has an almost 30% share of the market and Bank BPH is in second place with a 20% market share. "Our objective for 2006 is to keep the third position and maintain a growth rate of no less than the sector average. I believe that this year should be as good for the segment as 2005 was," said Kudaś. Analysts estimate that in 2006 banks will grant mortgage loans worth zł.32 billion. Currently, mortgage loans constitute 37.5% of total loans granted to customers by Millennium. (Puls Biznesu, pp. 1, 6) M.M.