BM's Q1 results strong

Bank Millennium (BM) revealed Q1 results which show high y/y dynamics, but the pace of development significantly slowed as compared to Q4 2007.

The value of mortgage loans granted by the bank in the first three months of the year fell by 19% y/y. However, the bank had a net profit of zł.127 million, which was 51.2% more than last year, and above analysts' expectations.