Earnings Poll: Poland's Bank Millennium second-quarter net profit growth forecast at 18% y/y

Banco Comercial Portugues SA

25/07/2025 06:21

Bank Millennium results due July 29

Lender's Q2 net profit seen at 270 million zlotys

GDANSK, July 25 (Reuters) - Poland's Bank Millennium MILP.WA is expected to post an 18% annual rise in its second-quarter net profit to 270 million zlotys ($74.73 million), a Reuters poll showed on Friday.

The expected profit rise comes on the back of gains from the sale of bad loans as well as lower legal provisions for the lender's Swiss franc mortgages.

The Polish arm of Portugal's Millennium bcp BCP.LS is expected to book around 509 million zlotys in legal provisions for its Swiss franc mortgages, according to the bank's own guidance, down from 575 million zlotys a year earlier.

These provisions cover the costs of ongoing legal battles and settlements related to Swiss franc-denominated loans, which have been a long-standing burden for several Polish banks.

(Figures in millions of zlotys unless stated otherwise)

NET PROFIT
NET INTEREST INCOME
NET FEE AND COMMISSION INCOME
Average
270
1444
187
Median
251
1442
187
Lowest
238
1432
185
Highest
334
1456
189
No. of forecasts
5
5
5
Q2 2024
229
1182
191
Q1 2025
179
1423
183

Forecasts provided by: DM BOŚ, Erste Group, PKO BP, Santander BM, WOOD&Company

($1 = 3.6131 zlotys)

 (Reporting by Rafal Nowak; Editing by Janane Venkatraman)

 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))