Bank Millennium's cost to income ratio reached 46.4% in the fourth quarter of 2017, up from 44.2% when compared to the previous quarter.
Historically, the bank’s costs reached an all time high of 81.8% of income in 2Q2009 and an all time low of 36.0% in 2Q2016.
When compared to total assets, bank's cost amounted to 1.72% in 4Q2017, up from 1.66% in the previous quarter.
Staff accounted for 50.1% of total operating expenditures in the fourth quarter of 2017. The bank operated a network of 355 branches and employed 5,830 persons in 4Q2017.