By Helgi Analytics - March 13, 2023
Bank Millennium's customer loans reached PLN 78,966 mil in 2022-09-30, down 0.474% compared to the previous year. Polish bankin...
By Helgi Analytics - March 13, 2023
Bank Millennium's customer deposits reached PLN 97,771 mil in 2022-09-30, up 1.72% compared to the previous year. Polish bankin...
By Helgi Analytics - March 13, 2023
Bank Millennium generated total banking revenues of PLN -18.1 mil in 2022-09-30, down 101% compared to the previous year. ...
| Profit Statement | 2018 | 2019 | 2020 | |
| Net Interest Income | PLN mil | 1,839 | 2,478 | 2,680 |
| Net Fee Income | PLN mil | 661 | 699 | 746 |
| Other Income | PLN mil | 400 | 562 | 540 |
| Total Revenues | PLN mil | 2,900 | 3,740 | 3,966 |
| Staff Cost | PLN mil | 638 | 799 | 856 |
| Operating Profit | PLN mil | 1,572 | 2,053 | 2,099 |
| Provisions | PLN mil | 197 | 402 | 559 |
| Net Profit | PLN mil | 752 | 857 | 710 |
| Balance Sheet | 2018 | 2019 | 2020 | |
| Interbank Loans | PLN mil | 982 | 990 | 692 |
| Customer Loans | PLN mil | 52,712 | 69,615 | 74,088 |
| Investments | PLN mil | 22,937 | 22,962 | 19,202 |
| Total Assets | PLN mil | 80,459 | 97,916 | 97,772 |
| Shareholders' Equity | PLN mil | 8,384 | 8,942 | 9,091 |
| Interbank Borrowing | PLN mil | 1,963 | 1,872 | 1,371 |
| Customer Deposits | PLN mil | 66,244 | 81,455 | 81,511 |
| Issued Debt Securities | PLN mil | 1,512 | 2,729 | 2,099 |
| Ratios | 2018 | 2019 | 2020 | |
| ROE | % | 9.31 | 9.89 | 7.88 |
| ROA | % | 0.992 | 0.961 | 0.726 |
| Costs (As % Of Assets) | % | 1.75 | 1.89 | 1.91 |
| Costs (As % Of Income) | % | 45.8 | 45.1 | 47.1 |
| Capital Adequacy Ratio | % | 21.7 | 20.1 | 19.5 |
| Net Interest Margin | % | 2.43 | 2.78 | 2.74 |
| Loans (As % Of Deposits) | % | 79.6 | 85.5 | 90.9 |
| NPLs (As % Of Loans) | % | 4.52 | 4.58 | 4.96 |
| Provisions (As % Of NPLs) | % | 71.4 | 59.9 | 62.6 |
| Valuation | 2018 | 2019 | 2020 | |
| Market Capitalisation | USD mil | 2,873 | 1,872 | 1,062 |
| Number Of Shares | mil | 1,213 | 1,213 | 1,213 |
| Share Price | PLN | 8.87 | 5.85 | 3.27 |
| Price/Earnings (P/E) | 14.3 | 8.31 | 5.57 | |
| Price/Book Value (P/BV) | 1.28 | 0.794 | 0.436 | |
| Dividend Yield | % | 0 | 0 | 0 |
| Earnings Per Share (EPS) | PLN | 0.620 | 0.704 | 0.587 |
| Book Value Per Share | PLN | 6.91 | 7.37 | 7.49 |
| Dividend Per Share | PLN | 0 | 0 | 0 |
Get all company financials in excel:
| summary | Unit | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| income statement | |||||||||||||||||||||||||||||
| Net Interest Income | PLN mil | 1,474 | 1,409 | 1,517 | 1,724 | 1,839 | |||||||||||||||||||||||
| Total Revenues | PLN mil | 2,373 | 2,329 | 2,415 | 2,757 | 2,900 | |||||||||||||||||||||||
| Operating Profit | PLN mil | 1,184 | 1,171 | 1,129 | 1,491 | 1,572 | |||||||||||||||||||||||
| Net Profit | PLN mil | 644 | 651 | 430 | 668 | 752 | |||||||||||||||||||||||
| balance sheet | |||||||||||||||||||||||||||||
| Interbank Loans | PLN mil | 2,540 | 2,349 | 1,358 | 254 | 982 | |||||||||||||||||||||||
| Customer Loans | PLN mil | 44,143 | 46,369 | 47,020 | 47,411 | 52,712 | |||||||||||||||||||||||
| Investments | PLN mil | 10,667 | 14,643 | 17,700 | 19,405 | 22,937 | |||||||||||||||||||||||
| Total Assets | PLN mil | 60,741 | 66,235 | 68,793 | 71,141 | 80,459 | |||||||||||||||||||||||
| Shareholders' Equity | PLN mil | 5,765 | 6,443 | 6,941 | 7,773 | 8,384 | |||||||||||||||||||||||
| Interbank Borrowing | PLN mil | 2,727 | 1,789 | 1,610 | 2,353 | 1,963 | |||||||||||||||||||||||
| Customer Deposits | PLN mil | 47,591 | 52,810 | 55,876 | 57,273 | 66,244 | |||||||||||||||||||||||
| Issued Debt Securities | PLN mil | 2,379 | 1,774 | 1,978 | 1,858 | 1,512 | |||||||||||||||||||||||
| ratios | |||||||||||||||||||||||||||||
| ROE | % | ... | 11.6 | 10.7 | 6.43 | 9.08 | 9.31 | ||||||||||||||||||||||
| ROA | % | ... | 1.09 | 1.02 | 0.637 | 0.955 | 0.992 | ||||||||||||||||||||||
| Costs (As % Of Assets) | % | ... | 2.02 | 1.82 | 1.91 | 1.81 | 1.75 | ||||||||||||||||||||||
| Costs (As % Of Income) | % | 50.1 | 49.7 | 53.3 | 45.9 | 45.8 | |||||||||||||||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | 15.2 | 16.7 | 17.4 | 22.0 | 21.7 | |||||||||||||||||||
| Net Interest Margin | % | ... | 2.50 | 2.22 | 2.25 | 2.46 | 2.43 | ||||||||||||||||||||||
| Interest Income (As % Of Revenues) | % | 62.1 | 60.5 | 62.8 | 62.5 | 63.4 | |||||||||||||||||||||||
| Fee Income (As % Of Revenues) | % | 25.8 | 25.6 | 24.1 | 24.1 | 22.8 | |||||||||||||||||||||||
| Staff Cost (As % Of Total Cost) | % | ... | 46.0 | 47.2 | 43.4 | 47.1 | 48.1 | ||||||||||||||||||||||
| Equity (As % Of Assets) | % | 9.49 | 9.73 | 10.1 | 10.9 | 10.4 | |||||||||||||||||||||||
| Loans (As % Of Deposits) | % | 92.8 | 87.8 | 84.2 | 82.8 | 79.6 | |||||||||||||||||||||||
| Loans (As % Assets) | % | 72.7 | 70.0 | 68.4 | 66.6 | 65.5 | |||||||||||||||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | ... | 3.61 | 4.61 | 4.50 | 4.57 | 4.52 | |||||||||||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | ... | 82.7 | 66.3 | 62.6 | 67.1 | 71.4 | |||||||||||||||
| valuation | |||||||||||||||||||||||||||||
| Market Capitalisation | USD mil | ... | 2,845 | 1,717 | 1,507 | 3,123 | 2,873 | ||||||||||||||||||||||
| Number Of Shares | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,213 | 1,213 | 1,213 | 1,213 | 1,213 | ||||||||||||||
| Share Price | PLN | ... | 8.30 | 5.56 | 5.19 | 8.94 | 8.87 | ||||||||||||||||||||||
| Earnings Per Share (EPS) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.531 | 0.536 | 0.355 | 0.551 | 0.620 | ||||||||||||||
| Book Value Per Share | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4.75 | 5.31 | 5.72 | 6.41 | 6.91 | ||||||||||||||
| Dividend Per Share | PLN | ... | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
| Price/Earnings (P/E) | ... | ... | ... | ... | ... | ... | ... | ... | ... | 15.6 | 10.4 | 14.6 | 16.2 | 14.3 | |||||||||||||||
| Price/Book Value (P/BV) | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.75 | 1.05 | 0.907 | 1.40 | 1.28 | |||||||||||||||
| Dividend Yield | % | ... | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
| Earnings Per Share Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 22.2 | 1.09 | -33.9 | 55.2 | 12.5 | ||||||||||||
| Book Value Per Share Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 7.50 | 11.8 | 7.73 | 12.0 | 7.87 |
| income statement | Unit | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| income statement | |||||||||||||||||||||||||||||
| Interest Income | PLN mil | 2,604 | 2,357 | 2,288 | 2,427 | 2,583 | |||||||||||||||||||||||
| Interest Cost | PLN mil | 1,129 | 948 | 772 | 702 | 744 | |||||||||||||||||||||||
| Net Interest Income | PLN mil | 1,474 | 1,409 | 1,517 | 1,724 | 1,839 | |||||||||||||||||||||||
| Net Fee Income | PLN mil | 612 | 596 | 581 | 664 | 661 | |||||||||||||||||||||||
| Fee Income | PLN mil | 695 | 696 | 698 | 799 | 824 | |||||||||||||||||||||||
| Fee Expense | PLN mil | 83.6 | 100 | 117 | 136 | 163 | |||||||||||||||||||||||
| Other Income | PLN mil | 287 | 324 | 317 | 369 | 400 | |||||||||||||||||||||||
| Total Revenues | PLN mil | 2,373 | 2,329 | 2,415 | 2,757 | 2,900 | |||||||||||||||||||||||
| Staff Cost | PLN mil | ... | 547 | 547 | 559 | 597 | 638 | ||||||||||||||||||||||
| Depreciation | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 43.2 | 37.6 | 40.0 | 38.1 | 36.4 | ||||||||
| Other Cost | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 598 | 574 | 688 | 631 | 653 | ||||||||
| Operating Cost | PLN mil | 1,189 | 1,159 | 1,287 | 1,266 | 1,328 | |||||||||||||||||||||||
| Operating Profit | PLN mil | 1,184 | 1,171 | 1,129 | 1,491 | 1,572 | |||||||||||||||||||||||
| Provisions | PLN mil | 271 | 253 | 217 | 258 | 197 | |||||||||||||||||||||||
| Extra and Other Cost | PLN mil | 83.9 | 101 | 292 | 324 | 362 | |||||||||||||||||||||||
| Pre-Tax Profit | PLN mil | 829 | 816 | 619 | 909 | 1,014 | |||||||||||||||||||||||
| Tax | PLN mil | 186 | 165 | 188 | 241 | 262 | |||||||||||||||||||||||
| Minorities | PLN mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
| Net Profit | PLN mil | 644 | 651 | 430 | 668 | 752 | |||||||||||||||||||||||
| Net Profit Avail. to Common | PLN mil | 644 | 651 | 430 | 668 | 752 | |||||||||||||||||||||||
| Dividends | PLN mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
| growth rates | |||||||||||||||||||||||||||||
| Net Interest Income Growth | % | ... | ... | 18.7 | -4.41 | 7.62 | 13.7 | 6.65 | |||||||||||||||||||||
| Net Fee Income Growth | % | ... | 3.90 | -2.53 | -2.54 | 14.2 | -0.374 | ||||||||||||||||||||||
| Total Revenue Growth | % | ... | 9.52 | -1.85 | 3.68 | 14.2 | 5.19 | ||||||||||||||||||||||
| Operating Cost Growth | % | ... | 2.01 | -2.54 | 11.0 | -1.60 | 4.89 | ||||||||||||||||||||||
| Operating Profit Growth | % | ... | 18.3 | -1.15 | -3.60 | 32.1 | 5.45 | ||||||||||||||||||||||
| Pre-Tax Profit Growth | % | ... | 23.9 | -1.61 | -24.2 | 46.9 | 11.5 | ||||||||||||||||||||||
| Net Profit Growth | % | ... | 22.2 | 1.09 | -33.9 | 55.2 | 12.5 | ||||||||||||||||||||||
| market share | |||||||||||||||||||||||||||||
| Market Share in Revenues | % | 4.11 | 4.16 | 4.07 | 4.46 | 4.50 | |||||||||||||||||||||||
| Market Share in Net Profit | % | ... | 4.05 | 5.81 | 3.09 | 4.91 | 5.76 | ||||||||||||||||||||||
| Market Share in Employees | % | ... | ... | ... | ... | ... | ... | ... | 3.54 | 3.46 | 3.46 | 3.62 | 3.77 | ||||||||||||||||
| Market Share in Bank Cards | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Market Share in Debit Cards | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Market Share in Credit Cards | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Market Share in Branches | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3.48 | 3.28 | 3.41 | 3.64 |
| balance sheet | Unit | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| balance sheet | |||||||||||||||||||||||||||||
| Cash & Cash Equivalents | PLN mil | 2,612 | 1,946 | 1,779 | 2,080 | 2,450 | |||||||||||||||||||||||
| Interbank Loans | PLN mil | 2,540 | 2,349 | 1,358 | 254 | 982 | |||||||||||||||||||||||
| Customer Loans | PLN mil | 44,143 | 46,369 | 47,020 | 47,411 | 52,712 | |||||||||||||||||||||||
| Retail Loans | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 31,788 | 33,387 | 33,849 | 32,720 | 36,107 | |||||||||||||
| Mortgage Loans | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Consumer Loans | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Corporate Loans | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 8,740 | 8,945 | 8,659 | 9,886 | 11,371 | |||||||||||||
| Investments | PLN mil | 10,667 | 14,643 | 17,700 | 19,405 | 22,937 | |||||||||||||||||||||||
| Property and Equipment | PLN mil | 153 | 156 | 164 | 186 | 211 | |||||||||||||||||||||||
| Intangible Assets | PLN mil | ... | ... | ... | ... | 59.1 | 61.9 | 62.3 | 79.8 | 96.5 | |||||||||||||||||||
| Goodwill | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | ||
| Total Assets | PLN mil | 60,741 | 66,235 | 68,793 | 71,141 | 80,459 | |||||||||||||||||||||||
| Shareholders' Equity | PLN mil | 5,765 | 6,443 | 6,941 | 7,773 | 8,384 | |||||||||||||||||||||||
| Of Which Minority Interest | PLN mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
| Liabilities | PLN mil | 54,975 | 59,792 | 61,852 | 63,369 | 72,075 | |||||||||||||||||||||||
| Interbank Borrowing | PLN mil | 2,727 | 1,789 | 1,610 | 2,353 | 1,963 | |||||||||||||||||||||||
| Customer Deposits | PLN mil | 47,591 | 52,810 | 55,876 | 57,273 | 66,244 | |||||||||||||||||||||||
| Sight Deposits | PLN mil | 18,772 | 22,556 | 29,770 | 33,005 | 42,412 | |||||||||||||||||||||||
| Term Deposits | PLN mil | ... | 28,330 | 29,763 | 25,653 | 23,696 | 23,438 | ||||||||||||||||||||||
| Issued Debt Securities | PLN mil | 2,379 | 1,774 | 1,978 | 1,858 | 1,512 | |||||||||||||||||||||||
| Subordinated Debt | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 640 | 640 | 664 | 702 | 702 | |||||||||||||
| Other Liabilities | PLN mil | 2,278 | 3,419 | 2,388 | 1,884 | 2,356 | |||||||||||||||||||||||
| asset quality | |||||||||||||||||||||||||||||
| Non-Performing Loans | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | 1,642 | 2,204 | 2,179 | 2,233 | 2,463 | |||||||||||||||
| Gross Loans | PLN mil | 45,501 | 47,830 | 48,385 | 48,908 | 54,471 | |||||||||||||||||||||||
| Risk-Weighted Assets | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 35,257 | 37,130 | 36,732 | 32,694 | 36,635 | ||||||||||
| Total Provisions | PLN mil | ... | ... | 1,358 | 1,461 | 1,365 | 1,497 | 1,759 | |||||||||||||||||||||
| growth rates | |||||||||||||||||||||||||||||
| Customer Loan Growth | % | ... | 5.69 | 5.04 | 1.40 | 0.832 | 11.2 | ||||||||||||||||||||||
| Retail Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2.97 | 5.03 | 1.38 | -3.33 | 10.3 | ||||||||||
| Mortgage Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Consumer Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Corporate Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 14.2 | 2.35 | -3.20 | 14.2 | 15.0 | |||||||||||
| Total Asset Growth | % | ... | 6.53 | 9.05 | 3.86 | 3.41 | 13.1 | ||||||||||||||||||||||
| Shareholders' Equity Growth | % | ... | 7.50 | 11.8 | 7.73 | 12.0 | 7.87 | ||||||||||||||||||||||
| Customer Deposit Growth | % | ... | 5.05 | 11.0 | 5.80 | 2.50 | 15.7 | ||||||||||||||||||||||
| market share | |||||||||||||||||||||||||||||
| Market Share in Customer Loans | % | 4.25 | 4.20 | 4.04 | 3.93 | 4.28 | |||||||||||||||||||||||
| Market Share in Corporate Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2.90 | 2.73 | 2.51 | 2.70 | 3.05 | |||||||||||
| Market Share in Retail Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Market Share in Consumer Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5.40 | 5.31 | 5.12 | 4.87 | 5.14 | |||||||||||
| Market Share in Mortgage Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Market Share in Total Assets | % | 3.96 | 4.14 | 4.02 | 3.99 | 4.05 | |||||||||||||||||||||||
| Market Share in Customer Deposits | % | 4.55 | 4.74 | 4.61 | 4.51 | 5.37 |
| ratios | Unit | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| ROE | % | ... | 11.6 | 10.7 | 6.43 | 9.08 | 9.31 | ||||||||||||||||||||||
| ROTE | % | ... | ... | ... | ... | ... | 11.7 | 10.8 | 6.49 | 9.17 | 9.41 | ||||||||||||||||||
| ROE (@ 15% of RWA) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 11.9 | 12.0 | 7.77 | 12.8 | 14.5 | |||||||||
| ROA | % | ... | 1.09 | 1.02 | 0.637 | 0.955 | 0.992 | ||||||||||||||||||||||
| Return on Loans | % | ... | 1.50 | 1.44 | 0.921 | 1.41 | 1.50 | ||||||||||||||||||||||
| Operating Profit (As % of RWA) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3.29 | 3.23 | 3.06 | 4.29 | 4.54 | |||||||||
| Costs (As % Of Assets) | % | ... | 2.02 | 1.82 | 1.91 | 1.81 | 1.75 | ||||||||||||||||||||||
| Costs (As % Of Income) | % | 50.1 | 49.7 | 53.3 | 45.9 | 45.8 | |||||||||||||||||||||||
| Costs (As % Of Loans) | % | ... | 2.77 | 2.56 | 2.76 | 2.68 | 2.65 | ||||||||||||||||||||||
| Costs (As % Of Loans & Deposits) | % | ... | 1.33 | 1.21 | 1.27 | 1.22 | 1.19 | ||||||||||||||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | 15.2 | 16.7 | 17.4 | 22.0 | 21.7 | |||||||||||||||||||
| Tier 1 Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 14.5 | 16.4 | 17.3 | 20.0 | 19.8 | ||||||||
| Net Interest Margin | % | ... | 2.50 | 2.22 | 2.25 | 2.46 | 2.43 | ||||||||||||||||||||||
| Interest Spread | % | ... | 2.30 | 2.06 | 2.12 | 2.35 | 2.31 | ||||||||||||||||||||||
| Asset Yield | % | ... | 4.42 | 3.71 | 3.39 | 3.47 | 3.41 | ||||||||||||||||||||||
| Revenues (As % of RWA) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 6.60 | 6.44 | 6.54 | 7.94 | 8.37 | |||||||||
| Cost Of Liabilities | % | ... | 2.12 | 1.65 | 1.27 | 1.12 | 1.10 | ||||||||||||||||||||||
| Payout Ratio | % | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
| Interest Income (As % Of Revenues) | % | 62.1 | 60.5 | 62.8 | 62.5 | 63.4 | |||||||||||||||||||||||
| Fee Income (As % Of Revenues) | % | 25.8 | 25.6 | 24.1 | 24.1 | 22.8 | |||||||||||||||||||||||
| Other Income (As % Of Revenues) | % | 12.1 | 13.9 | 13.1 | 13.4 | 13.8 | |||||||||||||||||||||||
| Staff Cost (As % Of Total Cost) | % | ... | 46.0 | 47.2 | 43.4 | 47.1 | 48.1 | ||||||||||||||||||||||
| Equity (As % Of Assets) | % | 9.49 | 9.73 | 10.1 | 10.9 | 10.4 | |||||||||||||||||||||||
| Equity (As % Of Loans) | % | 13.1 | 13.9 | 14.8 | 16.4 | 15.9 | |||||||||||||||||||||||
| Loans (As % Of Deposits) | % | 92.8 | 87.8 | 84.2 | 82.8 | 79.6 | |||||||||||||||||||||||
| Loans (As % Assets) | % | 72.7 | 70.0 | 68.4 | 66.6 | 65.5 | |||||||||||||||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | ... | 3.61 | 4.61 | 4.50 | 4.57 | 4.52 | |||||||||||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | ... | 82.7 | 66.3 | 62.6 | 67.1 | 71.4 | |||||||||||||||
| Provisions (As % Of Loans) | % | ... | ... | 3.08 | 3.15 | 2.90 | 3.16 | 3.34 | |||||||||||||||||||||
| Cost of Provisions (As % Of Loans) | % | ... | 0.631 | 0.560 | 0.466 | 0.546 | 0.393 |
| other data | Unit | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| Branches | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 413 | 369 | 355 | 361 | |||
| Employees | ... | ... | ... | ... | ... | ... | ... | 6,108 | 5,911 | 5,844 | 5,945 | 6,132 | |||||||||||||||||
| Employees Per Bank Branch | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 14.3 | 15.8 | 16.7 | 17.0 | |||
| Cost Per Employee | USD per month | ... | ... | ... | ... | ... | ... | ... | ... | 2,277 | 2,072 | 1,972 | 2,183 | 2,395 | |||||||||||||||
| Cost Per Employee (Local Currency) | PLN per month | ... | ... | ... | ... | ... | ... | ... | ... | 7,463 | 7,710 | 7,968 | 8,362 | 8,672 |
| customer breakdown | Unit | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| Customers | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Number of Accounts | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Number of Primary Customers | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Payment Cards | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Debit Cards | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Credit Cards | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Number of Mortgages | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Average Size of Deposit | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Average Size of Mortgage Loan | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Accounts (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Primary (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Mortgages (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Payments Cards (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Debit Cards (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Credit Cards (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Market Value per Customer (Local Currency) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Revenue per Customer (Local Currency) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Net Profit per Customer (Local Currency) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Loan per Customer (Local Currency) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Deposit per Customer (Local Currency) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Market Value per Customer | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Revenue per Customer | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Net Profit per Customer | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Loan per Customer | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Deposit per Customer | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Get all company financials in excel:
By Helgi Analytics - March 13, 2023
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 ...
By Helgi Analytics - March 13, 2023
Bank Millennium's retail loans reached PLN 60,635 mil in the third quarter of 2022, down 0.959% compared to the previous year. Polish banking sector provided retail loans of PLN 766 bil in 3Q2022, down 1.71% when compared to the last year. Bank Millennium...
By Helgi Analytics - March 13, 2023
Bank Millennium's mortgage loans reached PLN 43,598 mil in 2022-09-30, down 2.04% compared to the previous year. Polish banking sector provided mortgage loans of PLN 483 bil in 2022-09-30, down 2.34% when compared to the last year. Bank Millennium account...
By Helgi Analytics - March 13, 2023
Bank Millennium made a net profit of PLN 249 mil under revenues of PLN 1,530 mil in the fourth quarter of 2022, up 149% and 65.7% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of PLN 377 ...
By Helgi Analytics - March 13, 2023
Bank Millennium made a net profit of PLN 249 mil in the fourth quarter of 2022, up 149% when compared to the same period of last year. This implies a return on equity of 19.2%. Historically, the bank’s net profit reached an all time high of PLN 377 mil in 4Q2005 ...
By Helgi Analytics - March 13, 2023
Bank Millennium has issued total of 3.76 mil payment cards at the end of 2022-09-30, up 1.59% compared to the previous year. Polish banking sector banking sector issued total of 44.2 mil of bank cards in 2022-09-30, up 0.601% when compared to the last ...
By Helgi Analytics - March 13, 2023
Bank Millennium generated total banking revenues of PLN 1,530 mil in the fourth quarter of 2022, up 65.7% when compared to the same period of last year and 8% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, ...
By Helgi Analytics - March 13, 2023
Bank Millennium's retail deposits reached PLN 66,867 mil in 2022-09-30, up 2.61% compared to the previous year. Polish banking sector accepted retail deposits of PLN 973 bil in 2022-09-30, up 2.72% when compared to the last year. Bank Millennium accounted...
By Helgi Analytics - March 13, 2023
Bank Millennium's non-performing loans reached 4.39% of total loans at the end of 2022-12-31, up from 4.32% compared to the previous year. Historically, the NPL ratio hit an all time high of 123% in 2004-12-31 and an all time low of 3.33% in 2015-09-30. Pro...
By Helgi Analytics - March 13, 2023
Bank Millennium's consumer loans reached PLN 17,037 mil in 2022-09-30, up 1.91% compared to the previous year. Polish banking sector provided consumer loans of PLN 284 bil in 2022-09-30, down 0.631% when compared to the last year. Bank Millennium accounte...
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
Bank Millennium has been growing its revenues and asset by 8.10% and 7.60% a year on average in the last 10 years. Its loans and deposits have grown by 7.27% and 8.70% a year during that time and loans to deposits ratio reached 90.9% at the end of 2020. The company achieved an average return on equity of 9.57% in the last decade with net profit growing 8.09% a year on average. In terms of operating efficiency, its cost to income ratio reached 47.1% in 2020, compared to 50.5% average in the last decade.
Equity represented 9.30% of total assets or 12.3% of loans at the end of 2020. Bank Millennium's non-performing loans were 4.96% of total loans while provisions covered some 62.6% of NPLs at the end of 2020.
Bank Millennium stock traded at per share at the end of 2020 resulting in a market capitalization of . Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 9.03% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 5.57x and price to book value (PBV) of 0.436x in 2020.
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