Millennium Bank profit

According to Bogusław Kott, the president of the bank, this improvement is a direct result of its rational policy of cost control which accompanied the expansion of the retail network. The net profit results from an increase in revenues and a reduction in costs over and above what Kott had expected. The bank also noticed a significant increase in its loan sector, with the value of mortgage loans increasing by 126% to zł.6.6 billion. (Poland A.M.)