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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

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2010

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2018

income statement

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

1,161	1,271	1,465	1,419	1,556
1,953	2,006	2,216	2,180	2,472
832	917	1,104	930	1,360
472	536	651	547	701

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

1,392	1,520	2,385	2,349	1,268
40,232	41,766	44,143	46,369	47,020
7,691	9,307	10,689	14,714	17,808
52,743	57,017	60,741	66,235	68,793
4,824	5,363	5,765	6,443	6,941
2,492	2,349	2,037	1,444	1,271
41,434	45,305	47,591	52,810	55,876
3,271	2,944	4,459	4,251	3,467

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)	%

	10.0%	10.5%	11.7%	8.95%	10.5%
	0.912%	0.976%	1.11%	0.861%	1.04%
	2.16%	1.99%	1.89%	1.97%	1.65%
	57.4%	54.3%	50.2%	57.3%	45.0%
...	14.5%	14.5%	15.2%	16.7%	17.4%
	2.24%	2.32%	2.49%	2.23%	2.31%
	59.5%	63.3%	66.1%	65.1%	63.0%
	28.0%	29.3%	27.6%	27.4%	23.5%
	49.8%	50.2%	49.2%	43.8%	50.2%
	9.15%	9.41%	9.49%	9.73%	10.1%
	97.1%	92.2%	92.8%	87.8%	84.2%
	76.3%	73.3%	72.7%	70.0%	68.4%
	5.09%	4.42%	4.23%	4.61%	4.50%
	58.6%	69.0%	70.6%	66.3%	62.7%

valuation

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

...	1,733	2,898	2,844	1,729	1,506
	1,213	1,213	1,213	1,213	1,213
...	4.42	7.20	8.30	5.56	5.19
	0.389	0.442	0.537	0.451	0.578
	3.98	4.42	4.75	5.31	5.72
	0	0.220	0	0	0
...	11.4	16.3	15.5	12.3	8.98
...	1.11	1.63	1.75	1.05	0.907
...	0%	3.06%	0%	0%	0%
...	1.23%	13.5%	21.5%	-16.0%	28.3%
...	5.19%	11.2%	7.50%	11.8%	7.73%

Download Data

income statement

Unit

2003

2004

2005

2006

2007

2008

2009

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2018

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

3,120	2,723	2,594	2,367	2,328
1,959	1,452	1,129	948	772
1,161	1,271	1,465	1,419	1,556
546	589	612	596	581
245	147	139	165	335
1,953	2,006	2,216	2,180	2,472
558	547	547	547	559
55.4	54.3	55.3	50.4	54.9
507	488	509	652	499
1,121	1,090	1,111	1,250	1,112
832	917	1,104	930	1,360
238	234	265	241	231
-2.20	2.14	0.246	1.35	175
596	681	838	688	953
124	145	188	141	252
0	0	0	0	0
472	536	651	547	701
0	267	0	0	0

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	%

...	1.69%	9.44%	15.3%	-3.16%	9.71%
...	-2.80%	7.82%	3.90%	-2.53%	-2.54%
...	3.36%	2.75%	10.4%	-1.62%	13.4%
...	-0.305%	-2.77%	2.00%	12.4%	-11.0%
...	8.75%	10.2%	20.4%	-15.8%	46.2%
...	0.829%	14.2%	23.2%	-18.0%	38.6%
...	1.23%	13.5%	21.5%	-16.0%	28.3%

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	%

		3.32%	3.62%	3.84%	3.90%	4.17%	...
		3.05%	3.53%	4.10%	4.88%	5.04%	...
...		3.30%	3.28%	3.47%	3.37%	3.38%	...
...	...	4.78%	4.80%	4.84%	5.11%	5.35%	...
...	...	4.31%	4.25%	4.48%	4.80%	5.11%	...
...	...	6.92%	7.34%	6.62%	6.03%	5.66%	...
...		2.91%	2.88%	2.82%	2.84%	2.55%	...

Download Data

balance sheet

Unit

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

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2015

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2017

2018

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

2,466	3,412	2,612	1,946	1,779
1,392	1,520	2,385	2,349	1,268
40,232	41,766	44,143	46,369	47,020
30,226	30,512	31,435	32,906	33,242
27,235	26,803	26,907	27,683	27,492
2,991	3,709	4,529	5,223	5,750
10,006	11,254	12,707	13,463	13,778
7,691	9,307	10,689	14,714	17,808
228	204	213	218	226
52,743	57,017	60,741	66,235	68,793
4,824	5,363	5,765	6,443	6,941
0	0	0	0	0
47,918	51,654	54,975	59,792	61,852
2,492	2,349	2,037	1,444	1,271
41,434	45,305	47,591	52,810	55,876
26,018	26,434	29,780	35,616	39,682
15,416	18,872	17,811	17,194	16,194
3,271	2,944	4,459	4,251	3,467
721	1,056	888	1,287	1,239

asset quality

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

2,111	1,903	1,923	2,204	2,177
41,470	43,078	45,501	47,830	48,385
1,238	1,312	1,358	1,461	1,365

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	%

...	-2.66%	3.81%	5.69%	5.04%	1.40%
...	-2.71%	0.944%	3.03%	4.68%	1.02%
...	-3.70%	-1.59%	0.387%	2.89%	-0.691%
...	7.40%	24.0%	22.1%	15.3%	10.1%
...	-2.52%	12.5%	12.9%	5.95%	2.34%
...	3.75%	8.10%	6.53%	9.05%	3.86%
...	5.19%	11.2%	7.50%	11.8%	7.73%
...	10.7%	9.34%	5.05%	11.0%	5.80%
...	13.1%	1.60%	12.7%	19.6%	11.4%
...	6.95%	22.4%	-5.62%	-3.47%	-5.82%

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	%

4.30%	4.30%	4.25%	4.20%	4.04%	...
3.68%	4.05%	4.22%	4.11%	3.99%	...
1.41%	1.69%	1.94%	2.11%	2.21%	...
5.67%	5.50%	5.34%	5.24%	5.03%	...
8.46%	7.98%	7.56%	7.26%	6.87%	...
3.91%	4.06%	3.96%	4.14%	4.02%	...
4.46%	4.63%	4.55%	4.74%	4.61%	...
5.04%	4.82%	4.91%	5.35%	5.43%	...
8.06%	9.00%	7.76%	6.79%	5.89%	...

Download Data

ratios

Unit

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

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)	%

	10.0%	10.5%	11.7%	8.95%	10.5%
	0.912%	0.976%	1.11%	0.861%	1.04%
	2.16%	1.99%	1.89%	1.97%	1.65%
	57.4%	54.3%	50.2%	57.3%	45.0%
...	14.5%	14.5%	15.2%	16.7%	17.4%
...	11.6%	13.4%	14.5%	16.4%	17.3%
	2.24%	2.32%	2.49%	2.23%	2.31%
...	1.86%	2.04%	2.29%	2.08%	2.18%
	6.03%	4.96%	4.41%	3.73%	3.45%
...	4.16%	2.92%	2.12%	1.65%	1.27%
	0%	49.8%	0%	0%	0%
	59.5%	63.3%	66.1%	65.1%	63.0%
	28.0%	29.3%	27.6%	27.4%	23.5%
	12.6%	7.32%	6.27%	7.56%	13.5%
...	2,382	2,453	2,277	2,072	1,972
...	7,753	7,751	7,463	7,711	7,968
	49.8%	50.2%	49.2%	43.8%	50.2%
	9.15%	9.41%	9.49%	9.73%	10.1%
	97.1%	92.2%	92.8%	87.8%	84.2%
	76.3%	73.3%	72.7%	70.0%	68.4%
	5.09%	4.42%	4.23%	4.61%	4.50%
	58.6%	69.0%	70.6%	66.3%	62.7%
	3.08%	3.14%	3.08%	3.15%	2.90%
	0.584%	0.571%	0.618%	0.533%	0.495%

Download Data

other data

Unit

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

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2015

2016

2017

2018

other data

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

...									447	439	423	411	369
...									6,001	5,881	6,108	5,911	5,844
...	...	...	...	...	...		...	...	...	...	...	...	...	...	...
...	...	...	...	...	...	...	...		1.10	1.20	1.30	1.41	1.49
...	...								1,590	1,650	1,732	1,750	1,905
...	...								1,144	1,200	1,332	1,400	1,572
...	...								446	450	400	350	333

Download Data

Bank Millennium in Quarterly Numbers

August 14, 2019

This Quarterly statistical dossier offers a summary of Bank Millennium's performance between Dec 03 and Jun 19 on an quarterly 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,

This Quarterly statistical dossier offers a summary of Bank Millennium's performance between Dec 03 and Jun 19 on an quarterly 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.

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 2018 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 2018 on an annual basis. The report can be downloaded as an excel file.

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 Retail Loans

August 27, 2019

Bank Millennium's retail loans reached PLN 32,013 mil in the fourth quarter of 2017, down 1.39% compared to the previous year.

Polish banking sector provided retail loans of PLN 668 bil in 4Q2017, down 0.192% when compared

Bank Millennium's retail loans reached PLN 32,013 mil in the fourth quarter of 2017, down 1.39% compared to the previous year.

Polish banking sector provided retail loans of PLN 668 bil in 4Q2017, down 0.192% when compared to the last year.

Bank Millennium accounted for 4.80% of all retail loans issued in Poland at the end of 4Q2017. Historically, the bank’s market share in retail loans reached an all time high of 6.71% in 1Q2009 and an all time low of 4.80% in 4Q2017.

That's compared to a 3.83% market share the bank held in terms of total assets at the end of fourth quarter of 2017.

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.

Bank Millennium - Quarterly Cost of Risk

August 23, 2019

Bank Millennium's Cost of Risk (loan loss provisions as % of total assets) amounted to 0.674% in the second quarter of 2019, up from 0.352% when compared to the previous quarter.

Historically, the bank’s cost of risk reached

Bank Millennium's Cost of Risk (loan loss provisions as % of total assets) amounted to 0.674% in the second quarter of 2019, up from 0.352% when compared to the previous quarter.

Historically, the bank’s cost of risk reached an all time high of 0.674% in 2Q2019 and an all time low of 0.271% in 1Q2016. The average cost of risk in the last six quarters amounted to 0.382%.

On the other hand, average asset yield was 3.66% in 2Q2019, up from 3.52% when compared to the same period last year. Cost of funding amounted to 1.11% in 2Q2019, down from 1.13%.

When compared to bank's main peers, PKO BP operated in the second quarter of 2019 with a cost of risk of 0.391% Pekao SA reached 0.367% and ING Bank Slaski some 0.361%.

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.

What Banks in Poland Were the Most Profitable in 4Q2017?

August 16, 2019

Based on a comparison of 11 banks in Poland, Pekao SA produced the highest net profit in the 4Q2017, followed by PKO BP and Santander Bank Polska.

Pekao SA made a net profit of PLN 1,054 mil, up 96.6% when compared to the previous

Based on a comparison of 11 banks in Poland, Pekao SA produced the highest net profit in the 4Q2017, followed by PKO BP and Santander Bank Polska.

Pekao SA made a net profit of PLN 1,054 mil, up 96.6% when compared to the previous quarter and up 113% when compared to the same period of last year. Historically, the bank’s net profit reached an all time high of PLN 1,138 mil in 1Q2008 and an all time low of PLN 270 mil in 3Q2004. The average profit in the last five years amounted to PLN 627 mil.

The bank generated its shareholders an average return on equity of 10.9% in the last five years with maximum at 18.5% and minimum at 6.04%.

When compared to the nearest peers, PKO BP generated a net profit of PLN 820 mil with ROE of 9.16% in 4Q2017, Santander Bank Polska netted PLN 549 mil (ROE of 9.55%) and ING Bank Slaski announced a net profit of PLN 367 mil implying ROE of 12.6%.

Net profit of the Poland’s banking sector amounted to PLN 15,450 mil in 4Q2017, down 5.47% when compared to the last year. As a result, the top ranked company - Pekao SA accounted for 6.82% of the sector’s net profit in 4Q2017. The top 3 companies held a 15.7% share while the five largest firms some 20.1% in 4Q2017.

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

What Banks in Poland Generated the Most Revenues in 4Q2017?

August 16, 2019

Based on a comparison of 11 banks in Poland in 4Q2017, PKO BP generated the largest revenues, followed by Pekao SA and Santander Bank Polska.

PKO BP reported total revenues of PLN 3,264 mil, up 2.29% when compared to the

Based on a comparison of 11 banks in Poland in 4Q2017, PKO BP generated the largest revenues, followed by Pekao SA and Santander Bank Polska.

PKO BP reported total revenues of PLN 3,264 mil, up 2.29% when compared to the previous quarter and up 17.7% when compared to the same period of last year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of PLN 3,264 mil in 4Q2017 and an all time low of PLN 1,368 mil in 3Q2004. The average revenue in the last five years amounted to PLN 2,725 mil.

Bank's total revenues accounted for 4.40% of total assets in 4Q2017, up from 3.88% a year earlier.

When compared to the nearest peers, Pekao SA generated total revenues of PLN 2,022 mil, or 4.36% of assets in 4Q2017, Santander Bank Polska operated with PLN 2,010 mil total income, or 5.27% revenue margin and ING Bank Slaski produced total income worth PLN 1,227 mil, or 3.90% of assets.

Polish banking sector generated total revenues of PLN 46,018 mil in 4Q2017, up 13.1% when compared to the last year. As a result, the top ranked company - PKO BP accounted for 7.09% of the sector’s total income in 4Q2017. The top 3 companies held a 15.9% share while the five largest firms some 21.0% in 4Q2017.

You can see all the banks revenues data at Total Revenues indicator page or you can download a report on the Polish banks in the report section.

See all charts of the company »

Millennium's employees rose 38.3% to 8,550 in 2Q2019

Millennium's corporate loans rose 2.17% to PLN 18,307 mil in 2Q2019

Millennium's share price (end of period) fell 2.66% to PLN 9.14 in 2Q2019

Millennium's net profit rose 8.56% to PLN 174 mil in 2Q2019

Millennium's net interest income rose 16.8% to PLN 584 mil in 2Q2019

Millennium's npls (as % of loans) fell 2.27% to 4.30% in 2Q2019

Millennium's price/earnings (P/E) fell 0.183% to 14.9 in 2Q2019

Millennium's net interest margin rose 8.02% to 2.66% in 2Q2019

Millennium's capital adequacy ratio fell 20.7% to 20.1% in 2Q2019

Millennium's costs (as % of assets) fell 10.6% to 1.69% in 2Q2019