Earnings Poll: Bank Millennium forecast to report 34% jump in first-quarter profit

Bank Millennium SA

09/05/2025 11:11

Bank Millennium quarterly results due on May 12

Net profit seen at 172 mln zlotys

May 9 (Reuters) - Poland's Bank Millennium MILP.WA is expected to report a 34% year-on-year increase in first-quarter net profit, when it publishes results on May 12. The increase is driven by a reduction in deposit costs and lower costs related to  legal settlements for Swiss franc mortgages, a Reuters poll showed on Friday.

Bank Millennium is expected to report first-quarter net profit of 172 million zlotys ($45.62 million), based on a survey of four banks and brokerages.

Bank Millennium in April estimated that the value of provisions for legal risk related to foreign currency loans created in the first quarter would amount to 411 million zlotys, compared with 548.8 million zlotys a year earlier.

(Figures in millions of zlotys unless stated otherwise)

                  FIRST QUARTER OF 2025

=====================================================

               Net Income   Net Interest    Net Fee

                              Income        Income

=====================================================

  Median           173         1458           186

  Average          172         1460           186

  Lowest           127         1432           182

  Highest          214         1491           190

  No. of f'casts    4           4              4

  Q4 2024          173         1505           188

  Q1 2024          128         1354           200

Forecasts provided by: DM BOS, DM PKO BP, Erste Group, Santander BM.

($1 = 3.7706 zlotys)

 (Reporting by Anna Banacka;
Editing by Jane Merriman)

 ((Anna.banacka@thomsonreuters.com; +48 58 769 65 65))