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Bank Millennium

Banking > Poland > Bank Millennium
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Bank Millennium

Bank Millennium is Poland's nationwide universal bank, offering its services to all market segments via a network of branches, individual advisors and electronic banking. Its product and service offer includes personal accounts, debit and credit cards, overdraft limits, cash and mortgage loans, saving accounts, term deposits, investment funds, brokerage services, structured products and insurance products. Bank Millennium has made its name

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Bank Millennium is Poland's nationwide universal bank, offering its services to all market segments via a network of branches, individual advisors and electronic banking. Its product and service offer includes personal accounts, debit and credit cards, overdraft limits, cash and mortgage loans, saving accounts, term deposits, investment funds, brokerage services, structured products and insurance products. Bank Millennium has made its name through providing of FX-denominated mortgage loans. In 2008, the bank became the second largest mortgage lender in the country with over 11% market share. Banco Comercial Portugues is the strategic shareholder with a 65.5% stake

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AnnualQuarterly
summary Unit
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

income statement

                1,142 1,161 1,271 1,465 1,419    
                1,889 1,953 2,006 2,216 2,180    
                765 832 917 1,104 930    
                466 472 536 651 547    

balance sheet

                2,660 1,392 1,520 2,385 2,349    
                41,332 40,232 41,766 44,143 46,369    
                3,994 7,691 9,307 10,689 14,714    
                50,838 52,743 57,017 60,741 66,235    
                4,586 4,824 5,363 5,765 6,443    
                1,832 2,492 2,349 2,037 1,444    
                37,428 41,434 45,305 47,591 52,810    
                6,213 3,271 2,944 4,459 4,251    

ratios

                10.8% 10.0% 10.5% 11.7% 8.95%    
                0.954% 0.912% 0.976% 1.11% 0.861%    
                2.30% 2.16% 1.99% 1.89% 1.97%    
                59.5% 57.4% 54.3% 50.2% 57.3%    
...               13.2% 14.5% 14.5% 15.2% 16.7%    
                2.33% 2.24% 2.32% 2.49% 2.23%    
                60.4% 59.5% 63.3% 66.1% 65.1%    
                29.7% 28.0% 29.3% 27.6% 27.4%    
                48.1% 49.8% 50.2% 49.2% 43.8%    
                9.02% 9.15% 9.41% 9.49% 9.73%    
                110% 97.1% 92.2% 92.8% 87.8%    
                81.3% 76.3% 73.3% 72.7% 70.0%    
                4.94% 5.09% 4.42% 4.23% 4.61%    
                57.8% 58.6% 69.0% 70.6% 66.3%    

valuation

...               1,339 1,733 2,898 2,844 1,729    
                1,213 1,213 1,213 1,213 1,213    
...               3.80 4.42 7.20 8.30 5.56    
                0.385 0.389 0.442 0.537 0.451    
                3.78 3.98 4.42 4.75 5.31    
                0.000 0.000 0.220 0.000 0.000    
...               9.88 11.4 16.3 15.5 12.3    
...               1.01 1.11 1.63 1.75 1.05    
...               0.000% 0.000% 3.06% 0.000% 0.000%    
...               43.1% 1.23% 13.5% 21.5% -16.0%    
...               12.1% 5.19% 11.2% 7.50% 11.8%    

Download Data
income statement Unit
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

income statement

Interest Income PLN mil
Interest Cost PLN mil
Net Interest Income PLN mil
Net Fee Income PLN mil
Other Income PLN mil
Total Revenues PLN mil
Staff Cost PLN mil
Depreciation PLN mil
Other Cost PLN mil
Operating Cost PLN mil
Operating Profit PLN mil
Provisions PLN mil
Extra and Other Cost PLN mil
Pre-Tax Profit PLN mil
Tax PLN mil
Minorities PLN mil
Net Profit PLN mil
Dividends PLN mil
                2,720 3,120 2,723 2,594 2,367    
                1,578 1,959 1,452 1,129 948    
                1,142 1,161 1,271 1,465 1,419    
                562 546 589 612 596    
                186 245 147 139 165    
                1,889 1,953 2,006 2,216 2,180    
                540 558 547 547 547    
                64.8 55.4 54.3 55.3 50.4    
                519 507 488 509 652    
                1,124 1,121 1,090 1,111 1,250    
                765 832 917 1,104 930    
                174 238 234 265 241    
                0.232 -2.20 2.14 0.246 1.35    
                591 596 681 838 688    
                125 124 145 188 141    
                0.000 0.000 0.000 0.000 0.000    
                466 472 536 651 547    
                0.000 0.000 267 0.000 0.000    

growth rates

...               23.1% 1.69% 9.44% 15.3% -3.16%    
...               -0.561% -2.80% 7.82% 3.90% -2.53%    
...               10.1% 3.36% 2.75% 10.4% -1.62%    
...               3.93% -0.305% -2.77% 2.00% 12.4%    
...               20.5% 8.75% 10.2% 20.4% -15.8%    
...               44.9% 0.829% 14.2% 23.2% -18.0%    
...               43.1% 1.23% 13.5% 21.5% -16.0%    

market share

                3.30% 3.32% 3.62% 3.84% 3.90%    
                3.00% 3.05% 3.53% 4.10% 4.88%    
...               3.38% 3.30% 3.28% 3.47% 3.37%    
... ...             4.70% 4.78% 4.80% 4.84% 5.11%    
... ...             4.05% 4.31% 4.25% 4.48% 4.80%    
... ...             6.96% 6.92% 7.34% 6.62% 6.03%    
...               3.22% 2.91% 2.88% 2.82% 2.84%    

Download Data
balance sheet Unit
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

balance sheet

                2,018 2,466 3,412 2,612 1,946    
                2,660 1,392 1,520 2,385 2,349    
                41,332 40,232 41,766 44,143 46,369    
                31,068 30,226 30,512 31,435 32,906    
                28,283 27,235 26,803 26,907 27,683    
                2,785 2,991 3,709 4,529 5,223    
                10,265 10,006 11,254 12,707 13,463    
                3,994 7,691 9,307 10,689 14,714    
                245 228 204 213 218    
                50,838 52,743 57,017 60,741 66,235    
                4,586 4,824 5,363 5,765 6,443    
                0.000 0.000 0.000 0.000 0.000    
                46,252 47,918 51,654 54,975 59,792    
                1,832 2,492 2,349 2,037 1,444    
                37,428 41,434 45,305 47,591 52,810    
                23,013 26,018 26,434 29,780 35,616    
                14,415 15,416 18,872 17,811 17,194    
                6,213 3,271 2,944 4,459 4,251    
                779 721 1,056 888 1,287    

asset quality

                2,104 2,111 1,903 1,923 2,204    
                42,550 41,470 43,078 45,501 47,830    
                1,217 1,238 1,312 1,358 1,461    

growth rates

...               12.5% -2.66% 3.81% 5.69% 5.04%    
...               9.29% -2.71% 0.944% 3.03% 4.68%    
...               13.7% -3.70% -1.59% 0.387% 2.89%    
...               -21.5% 7.40% 24.0% 22.1% 15.3%    
...               8.07% -2.52% 12.5% 12.9% 5.95%    
...               8.20% 3.75% 8.10% 6.53% 9.05%    
...               12.1% 5.19% 11.2% 7.50% 11.8%    
...               5.74% 10.7% 9.34% 5.05% 11.0%    
...               9.96% 13.1% 1.60% 12.7% 19.6%    
...               16.0% 6.95% 22.4% -5.62% -3.47%    

market share

                4.50% 4.30% 4.30% 4.25% 4.20%    
                3.88% 3.68% 4.05% 4.22% 4.11%    
                1.30% 1.41% 1.69% 1.94% 2.11%    
                5.84% 5.67% 5.50% 5.34% 5.24%    
                8.87% 8.46% 7.98% 7.56% 7.26%    
                3.93% 3.91% 4.06% 3.96% 4.14%    
                4.14% 4.46% 4.63% 4.55% 4.74%    
                4.82% 5.04% 4.82% 4.91% 5.35%    
                7.00% 8.06% 9.00% 7.76% 6.79%    

Download Data
ratios Unit
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

ratios

                10.8% 10.0% 10.5% 11.7% 8.95%    
                0.954% 0.912% 0.976% 1.11% 0.861%    
                2.30% 2.16% 1.99% 1.89% 1.97%    
                59.5% 57.4% 54.3% 50.2% 57.3%    
...               13.2% 14.5% 14.5% 15.2% 16.7%    
...               11.4% 11.6% 13.4% 14.5% 16.4%    
                2.33% 2.24% 2.32% 2.49% 2.23%    
...               2.02% 1.86% 2.04% 2.29% 2.08%    
                5.56% 6.03% 4.96% 4.41% 3.73%    
...               3.54% 4.16% 2.92% 2.12% 1.65%    
                0.000% 0.000% 49.8% 0.000% 0.000%    
                60.4% 59.5% 63.3% 66.1% 65.1%    
                29.7% 28.0% 29.3% 27.6% 27.4%    
                9.82% 12.6% 7.32% 6.27% 7.56%    
...               2,414 2,382 2,453 2,277 2,072    
...               7,158 7,753 7,751 7,463 7,711    
                48.1% 49.8% 50.2% 49.2% 43.8%    
                9.02% 9.15% 9.41% 9.49% 9.73%    
                110% 97.1% 92.2% 92.8% 87.8%    
                81.3% 76.3% 73.3% 72.7% 70.0%    
                4.94% 5.09% 4.42% 4.23% 4.61%    
                57.8% 58.6% 69.0% 70.6% 66.3%    
                2.94% 3.08% 3.14% 3.08% 3.15%    
                0.445% 0.584% 0.571% 0.618% 0.533%    

Download Data
other data Unit
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

other data

...               447 447 439 423 411    
...               6,289 6,001 5,881 6,108 5,911    
... ... ... ... ... ...   ... ... ... ... ... ... ... ...
... ... ... ... ... ... ... ... 1.00 1.10 1.20 1.30 1.41    
... ...             1,487 1,590 1,650 1,732 1,750    
... ...             1,003 1,144 1,200 1,332 1,400    
... ...             484 446 450 400 350    

Download Data
Comparison of 18 Banks in Poland

This Annual Statistical Dossier offers a comparison of 18 Polish banks from 1997 to 2017 on an annual basis. The report can be downloaded as an Excel file.

You will find here the key numbers from the banks' balance sheets such as loan and deposit breakdown, or capitalization, income statements for the sector and the main ratios related to the banking

Read more »

This Annual Statistical Dossier offers a comparison of 18 Polish banks from 1997 to 2017 on an annual basis. The report can be downloaded as an Excel file.

You will find here the key numbers from the banks' balance sheets such as loan and deposit breakdown, or capitalization, income statements for the sector and the main ratios related to the banking business such as asset quality, number and cost of employees or details on banking infrastructure.

The file contains data of following banks:

If you are only interested in particular areas of a bank's business, you can find and download specific indicators from the bank's Corporate Profile, or specific charts from the bank's Chart Section, where you can find a comparison of the bank with its peers.

Alternatively, you can find similar data for the Czech banking sector in the banking Sector Profile.

If you are interested in the banking quarterly figures, please refer to the banking Quarterly Statistical Dossier. Download a sample excel file attached to see more details. On purchase, the hidden cells will be unlocked and all available data wll be visible.

Bank Millennium in Numbers

September 22, 2018
Bank Millennium in Numbers

This Annual statistical dossier offers a summary of Bank Millennium's performance between 2003 and 2017 on an annual basis. The report can be downloaded as an excel file.

You will find here the key numbers from the bank's balance sheet and income statement and the main ratios related to the bank's business such as asset quality, capital

Read more »

This Annual statistical dossier offers a summary of Bank Millennium's performance between 2003 and 2017 on an annual basis. The report can be downloaded as an excel file.

You will find here the key numbers from the bank's balance sheet and income statement and the main ratios related to the bank's business such as asset quality, capital ratios, number and cost of employees or a detailed breakdown of some of the bank's business such as its loan portfolio.

In addition, the excel file provides a detailed overview of the bank's market position in comparison with the overall banking sector. You can, for example, track Millennium's market position in mortgage or consumer lending.

If you are only interested in particular areas of the bank's business, you can find and download specific indicators from the bank's corporate profile, or specific charts from the bank's charts section, where you can find a comparison of the bank with its peers.

If you are interested in the bank’s quarterly figures, please refer to the bank’s quarterly statistical dossier.

Bank Millennium at a Glance

Bank Millennium is Poland's nationwide universal bank, offering its services to all market segments via a network of branches, individual advisors and electronic banking. Its product and service offer includes personal accounts, debit and credit cards, overdraft limits, cash and mortgage loans, saving accounts, term deposits, investment funds, brokerage services,

Read more »

Bank Millennium is Poland's nationwide universal bank, offering its services to all market segments via a network of branches, individual advisors and electronic banking. Its product and service offer includes personal accounts, debit and credit cards, overdraft limits, cash and mortgage loans, saving accounts, term deposits, investment funds, brokerage services, structured products and insurance products. Bank Millennium has made its name through providing of FX-denominated mortgage loans. In 2008, the bank became the second largest mortgage lender in the country with over 11% market share. Banco Comercial Portugues is the strategic shareholder with a 65.5% stake.

This report offers a summary of the company's performance in 2003-2012. You will find here all the key numbers from the bank's balance sheet, income statement and main ratios related to the bank's business. In addition, the report provides a detailed overview of the bank's market position in the comparison with the overall banking sector

Bank Millennium in Numbers

Bank Millennium is Poland's nationwide universal bank, offering its services to all market segments via a network of branches, individual advisors and electronic banking. Its product and service offer includes personal accounts, debit and credit cards, overdraft limits, cash and mortgage loans, saving accounts, term deposits, investment funds, brokerage services,

Read more »

Bank Millennium is Poland's nationwide universal bank, offering its services to all market segments via a network of branches, individual advisors and electronic banking. Its product and service offer includes personal accounts, debit and credit cards, overdraft limits, cash and mortgage loans, saving accounts, term deposits, investment funds, brokerage services, structured products and insurance products. Bank Millennium has made its name through providing of FX-denominated mortgage loans. In 2008, the bank became the second largest mortgage lender in the country with over 11% market share. Banco Comercial Portugues is the strategic shareholder with a 65.5% stake.

This excel file offers a summary of the company's performance on the annual basis in between 2003-2012. You will find here all the key numbers from the bank's balance sheet, income statement and main ratios related to the bank's business.

In addition, the file provides a detailed overview of the bank's market position in the comparison with the overall banking sector

Bank Millennium's mortgage loans reached PLN 25,753 mil in 2017, down 6.33% compared to the previous year.

Polish banking sector provided mortgage loans of PLN 391 bil in 2017, down 1.49% when compared to the last year.

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Bank Millennium's mortgage loans reached PLN 25,753 mil in 2017, down 6.33% compared to the previous year.

Polish banking sector provided mortgage loans of PLN 391 bil in 2017, down 1.49% when compared to the last year.

Bank Millennium accounted for 6.53% of all mortgage loans issued in Poland at the end of 2017. Historically, the bank’s market share in mortgage loans reached an all time high of 11.5% in 2008 and an all time low of 4.22% in 2003.

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

Based on a comparison of 15 banks in Poland, PKO BP produced the highest net profit in 2016, followed by Pekao SA and Bank Zachodni WBK.

PKO BP made a net profit of 2,874, up 10.1% compared to the previous year. Historically,

Read more »

Based on a comparison of 15 banks in Poland, PKO BP produced the highest net profit in 2016, followed by Pekao SA and Bank Zachodni WBK.

PKO BP made a net profit of 2,874, up 10.1% compared to the previous year. Historically, the bank’s net profit reached an all time high of 3,807 in 2011 and an all time low of 887 in 2001. The average profit in the last five years amounted to 3,139.

The bank generated an average return on equity of 11.9% for its shareholders in the last five years with a maximum of 15.8% and a minimum of 9.02%.

Comparing PKO BP with its closest peers, Pekao SA generated a net profit of 2,279 with a ROE of 9.84% in 2016, Bank Zachodni WBK netted 2,167 (ROE of 10.4%) and ING Bank Slaski announced a net profit of 1,253 giving a ROE of 11.8%.

The net profit of the Poland’s banking sector amounted to 73,525 in 2016, up 10.8% compared to the previous year. Heading up the rankings, PKO BP accounted for 3.91% of the sector’s net profit in 2016. The top 3 companies held a 9.96% share while the five largest firms some 13.3% in 2016.

You can see all the banks net profit data on the Net Profit indicator page or you can download a report on the Polish banks in the report section.

Based on a comparison of 14 banks in Poland in 2017, PKO BP had the most branches, followed by Alior Bank and Pekao SA.

PKO BP operated a network of 1,192 branches at the end of 2017. That's compared to 1,233

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Based on a comparison of 14 banks in Poland in 2017, PKO BP had the most branches, followed by Alior Bank and Pekao SA.

PKO BP operated a network of 1,192 branches at the end of 2017. That's compared to 1,233 branches some 10 years ago.

Comparing PKO BP with its closest peers, Alior Bank operated a network of 905 branches in 2017, Pekao SA had 851 branches and Bank Zachodni WBK had a network of 735 branches in 2017.

Polish banks operated a network of 1,945 branches in 2017. Total of 41,880 people worked for the banks in 2017.

You can see all the banks branches data on the Branches indicator page or you can download a report on the Polish banks in the report section.

Based on a comparison of 14 banks in Poland in 2017, PKO BP had the most employees, followed by Pekao SA and Bank Zachodni WBK.

PKO BP employed 28,443 persons in 2017, down 3.39% when compared to the previous year. Historically,

Read more »

Based on a comparison of 14 banks in Poland in 2017, PKO BP had the most employees, followed by Pekao SA and Bank Zachodni WBK.

PKO BP employed 28,443 persons in 2017, down 3.39% when compared to the previous year. Historically, the bank's workforce hit an all time high of 38,341 persons in 2001 and an all time low of 27,387 in 2013.

Average cost reached CZK 8,713 per month per month per employee, 8.55% more than a year ago. This figure was CZK 6,221 per month some 10 years ago.

Comparing PKO BP with its closest peers, Pekao SA had 17,339 employees with average cost of CZK 9,373 per month per person, Bank Zachodni WBK operated with 14,383 people (and CZK 9,054 per month per employee) and Alior Bank had 8,110 employees in 2017 with cost CZK 8,110 per month per head.

Polish banking sector employed 41,880 people in 2017.

You can see all the banks employees data on the Employees indicator page or you can download a report on the Polish banks in the report section.

See all charts of the company »
Millennium's net interest margin fell 0.603% to 2.54% in 4Q2017
Millennium's corporate loans rose 1.77% to PLN 15,398 mil in 4Q2017
Millennium's share price (end of period) rose 27.5% to PLN 8.94 in 4Q2017
Millennium's net profit fell 4.18% to PLN 180 mil in 4Q2017
Millennium's net profit fell 4.18% to PLN 180 mil in 4Q2017
Millennium's price/earnings (P/E) rose 18.5% to 15.9 in 4Q2017
Millennium's capital adequacy ratio rose 7.22% to 22.0% in 4Q2017
Millennium's net interest income rose 0.570% to PLN 449 mil in 4Q2017
Millennium's costs (as % of assets) rose 3.59% to 1.72% in 4Q2017
Millennium's payment cards rose 15.0% to 2,190 '000 in 2017