Bank Millennium fourth quarter results due February 9
Lender's Q4 net profit seen at 330 mln zlotys
GDANSK, Feb 4 (Reuters) - Poland's Bank Millennium MILP.WA, the Polish arm of Portugal's Millennium bcp BCP.LS, is expected to post a fourth-quarter net profit of 330 million zlotys ($92.31 million), a Reuters poll showed on Wednesday.
The median forecast from five banks and brokerages showed a 91% rise in net profit from 173 million zlotys reported in the same period a year earlier, primarily driven by a significant reduction in legal provisions for its Swiss franc mortgage portfolio.
However, the bank's net interest income is seen contracting due to lower interest rates, with the impact only partly offset by loan volume growth, the poll showed.
(Figures in millions of zlotys unless stated otherwise)
Forecasts provided by: DM BOŚ, Erste Group, mBank, PKO BP, Trigon
($1 = 3.5751 zlotys)
(Reporting by Alicja Surdy)
((AlicjaEwa.Surdy2@thomsonreuters.com))