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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 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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Annual Quarterly

summary

Unit

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

income statement

Net Interest Income	PLN mil
Total Revenues	PLN mil
Operating Profit	PLN mil
Net Profit	PLN mil

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

Interbank Loans	PLN mil
Customer Loans	PLN mil
Debt Securities	PLN mil
Total Assets	PLN mil
Shareholders' Equity	PLN mil
Interbank Borrowing	PLN mil
Customer Deposits	PLN mil
Issued Debt Securities	PLN mil

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

ROE	%
ROA	%
Costs (As % Of Assets)	%
Costs (As % Of Income)	%
Capital Adequacy Ratio	%
Net Interest Margin	%
Interest Income (As % Of Revenues)	%
Fee Income (As % Of Revenues)	%
Staff Cost (As % Of Total Cost)	%
Equity (As % Of Assets)	%
Loans (As % Of Deposits)	%
Loans (As % Assets)	%
NPLs (As % Of Loans)	%
Provisions (As % Of NPLs)	%

	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

Market Capitalisation (End Of Period)	USD mil
Number Of Shares (Average)	mil
Share Price (End Of Period)	PLN
Earnings Per Share (EPS)
Book Value Per Share
Dividend Per Share
Price/Earnings (P/E)
Price/Book Value (P/BV)
Dividend Yield	%
Earnings Per Share Growth	%
Book Value Per Share Growth	%

...	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

Net Interest Income Growth	%
Net Fee Income Growth	%
Total Revenue Growth	%
Operating Cost Growth	%
Operating Profit Growth	%
Pre-Tax Profit Growth	%
Net Profit Growth	%

...	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

Market Share in Revenues	%
Market Share in Net Profit	%
Market Share in Employees	%
Market Share in Bank Cards	%
Market Share in Debit Cards	%
Market Share in Credit Cards	%
Market Share in Branches	%

		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

Cash	PLN mil
Interbank Loans	PLN mil
Customer Loans	PLN mil
Retail Loans	PLN mil
Mortgage Loans	PLN mil
Consumer Loans	PLN mil
Corporate Loans	PLN mil
Debt Securities	PLN mil
Fixed Assets	PLN mil
Total Assets	PLN mil
Shareholders' Equity	PLN mil
Of Which Minority Interest	PLN mil
Liabilities	PLN mil
Interbank Borrowing	PLN mil
Customer Deposits	PLN mil
Retail Deposits	PLN mil
Corporate Deposits	PLN mil
Issued Debt Securities	PLN mil
Other Liabilities	PLN mil

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

Non-Performing Loans	PLN mil
Gross Loans	PLN mil
Total Provisions	PLN mil

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

Customer Loan Growth	%
Retail Loan Growth	%
Mortgage Loan Growth	%
Consumer Loan Growth	%
Corporate Loan Growth	%
Total Asset Growth	%
Shareholders' Equity Growth	%
Customer Deposit Growth	%
Retail Deposit Growth	%
Corporate Deposit Growth	%

...	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

Market Share in Customer Loans	%
Market Share in Corporate Loans	%
Market Share in Retail Loans	%
Market Share in Consumer Loans	%
Market Share in Mortgage Loans	%
Market Share in Total Assets	%
Market Share in Customer Deposits	%
Market Share in Retail Deposits	%
Market Share in Corporate Deposits	%

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

ROE	%
ROA	%
Costs (As % Of Assets)	%
Costs (As % Of Income)	%
Capital Adequacy Ratio	%
Tier 1 Ratio	%
Net Interest Margin	%
Interest Spread	%
Asset Yield	%
Cost Of Liabilities	%
Payout Ratio	%
Interest Income (As % Of Revenues)	%
Fee Income (As % Of Revenues)	%
Other Income (As % Of Revenues)	%
Cost Per Employee	USD per month
Cost Per Employee (Local Currency)	PLN per month
Staff Cost (As % Of Total Cost)	%
Equity (As % Of Assets)	%
Loans (As % Of Deposits)	%
Loans (As % Assets)	%
NPLs (As % Of Loans)	%
Provisions (As % Of NPLs)	%
Provisions (As % Of Loans)	%
Cost of Provisions (As % Of Loans)	%

	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

Branches
Employees
ATMs
Clients	mil
Payment Cards	'000
Debit Cards	'000
Credit Cards	'000

...								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

October 24, 2018

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

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

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

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

November 13, 2013

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

November 7, 2013

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

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Bank Millennium - Market Share in Mortgage Loans

November 29, 2018

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'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.

What Banks in Poland Were the Most Profitable in 2016?

September 25, 2018

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,

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.

What Banks in Poland Had the Most Branches in 2017?

September 25, 2018

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

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.

What Banks in Poland Had the Most Employees in 2017?

September 25, 2018

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,

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 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