Bank Millennium's profits fall
16:22
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 profits stood at PLN 53 million in the fourth quarter, which was below analysts' forecasts of PLN 59 million.
