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Bank Millennium - Profitability

Net Profit (PLN mil) & ROE (%)
Banking | Poland | September 14, 2023
$2.99
Excel Sheet

Bank Millennium made a net profit of PLN -1,015 mil in 2022, up 23.8% compared to the previous year. This implies a return on equity of -16.6%.

Historically, the bank’s net profit reached an all time high of PLN 857 mil in 2019 and an all time low of PLN -1,332 mil in 2021. The average profit in the last five years amounted to PLN -5.41 mil.

The bank generated its shareholders an average return on equity of -1.29% in the last five years with maximum at 9.89% and minimum at -16.9%

Comparing Bank Millennium with its closest peers, PKO BP generated a net profit of PLN 3,312 mil with ROE of 9.02% in 2022, Pekao netted PLN 1,719 mil (ROE of 7.38%) and ING Bank Slaski announced a net profit of PLN 1,714 mil implying ROE of 15.0%.

Bank Millennium has been ranked th within the group of banks we follow in terms of return on equity in 2022.

You can see all the bank’s data at Bank Millennium Profile, or you can download a report on the bank in the report section.