Brief: Bank Millennium Q2 Net Profit At 228.5 Mln Zlotys

Bank Millennium SA

29/07/2024 06:37

July 29 (Reuters) - Bank Millennium SA  MILP.WA :
    * REPORTED ON FRIDAY ITS Q2 NET PROFIT AT 228.5 MLN ZLOTYS
VS 178
MLN ZLOTYS ESTIMATED ON JULY 25
    * Q2 NET INTEREST INCOME AT 1.18 BLN ZLOTYS VS 1.30 BLN
ZLOTYS
ESTIMATED ON JULY 25
    * Q2 NET FEE AND COMMISSION INCOME AT 190.5 MLN ZLOTYS VS
195 MLN
ZLOTYS ESTIMATED ON JULY 25
    * Q2 FX MORTGAGE LOAN PROVISIONS AT 574.8 MLN ZLOTYS
    * Q2 NUMBER OF NEW AMICABLE SETTLEMENTS WITH FX-MORTGAGE
BORROWERS
REMAINED ABOVE THE 1,000 MARK SETTLEMENTS TO DATE TOTALLING
23,500, AN EQUIVALENT OF 38% OF THE NUMBER OF LOAN AGREEMENTS
ACTIVE AT MOMENT OF THE FULL ROLL-OUT OF AMICABLE SETTLEMENTS
EFFORT
    * Q2 INFLOW OF FX-MORTGAGE CLAIMS AGAINST THE BANK REMAINED
STABLE
WITH INCREASING SHARES OF CLAIMS FROM REPAID LOANS (17% OF STOCK
OF ACTIVE CLAIMS)
    * Q2 RATIO OF LEGAL RISK PROVISIONS TO GROSS ACTIVE BOOK
CROSSED
THE SYMBOLIC 100% THRESHOLD

        
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