Bank Millennium's net interest margin amounted to 4.88% in the fourth quarter of 2022, up from -0.553% when compared to the previous quarter.
Historically, the bank’s net interest margin reached an all time high of 5.41% in 2Q2008 and an all time low of -0.773% in 4Q2000. The average margin in the last six quarters amounted to 2.96%.
Average asset yield was 7.38% in 4Q2022, up from 3.10% when compared to the same period last year. On the other hand, cost of funding amounted to 2.63% in 4Q2022, up from 0.160%.
When compared to bank's main peers, Pekao operated in the fourth quarter of 2022 with a net interest margin of 4.58% and ING Bank Slaski reached 3.36%.
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.
Net Interest Margin | Unit | Sep 2010 | Dec 2010 | Mar 2011 | Jun 2011 | Sep 2011 | Dec 2011 | Mar 2012 | Jun 2012 | Sep 2012 | Dec 2012 | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 |
Alior Bank | % | ... | ... | ... | ... | ... | ... | 3.36% | 3.58% | 3.76% | 4.11% | 4.60% | |||||||||||||||||||||||||||||||||||||||
Bank BPH | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||||||||||||||||||||||||
Bank Handlowy | % | 1.16% | 1.14% | 1.66% | 2.71% | 3.85% | |||||||||||||||||||||||||||||||||||||||||||||
Bank Millennium | % | 2.54% | 2.57% | 2.95% | 3.60% | 4.31% | |||||||||||||||||||||||||||||||||||||||||||||
Bank Ochrony Srodowiska | % | 1.82% | 1.81% | 2.20% | 2.74% | 3.53% | ... | ||||||||||||||||||||||||||||||||||||||||||||
BNP Paribas Bank Polska | % | ... | ... | ... | 2.47% | 2.50% | 2.67% | 2.97% | 3.28% | ||||||||||||||||||||||||||||||||||||||||||
ING Bank Slaski | % | 2.40% | 2.49% | 2.82% | 3.37% | 3.60% | |||||||||||||||||||||||||||||||||||||||||||||
mBank | % | 1.97% | 1.99% | 2.36% | 3.00% | 3.35% | |||||||||||||||||||||||||||||||||||||||||||||
Pekao | % | 2.19% | 2.26% | 2.57% | 3.17% | 3.74% | |||||||||||||||||||||||||||||||||||||||||||||
PKO BP | % | 2.48% | 2.51% | 2.60% | 3.05% | 3.42% | ... | ||||||||||||||||||||||||||||||||||||||||||||
Santander Bank Polska | % | 2.41% | 2.50% | 2.91% | 3.67% | 4.77% | |||||||||||||||||||||||||||||||||||||||||||||
AVERAGE | % | 2.99% | 3.03% | 2.85% | 2.98% | 3.10% | 3.06% | 3.15% | 3.23% | 3.29% | 3.29% | 2.82% | 2.76% | 2.75% | 2.90% | 2.83% | 2.90% | 2.89% | 2.66% | 2.50% | 2.48% | 2.52% | 2.57% | 2.38% | 2.40% | 2.71% | 2.73% | 2.73% | 2.87% | 2.90% | 2.89% | 2.79% | 2.88% | 2.91% | 2.91% | 2.83% | 2.90% | 2.96% | 2.88% | 2.82% | 2.52% | 2.32% | 2.36% | 2.28% | 2.28% | 2.33% | 2.65% | 3.24% | 3.84% | 1.53% | 4.34% |