Earnings Poll: Poland's Bank Millennium Q1 net profit seen up nearly 65% y/y

Bank Millennium SA

24/04/2026 13:54

Q1 net profit seen up nearly 65% year-on-year

Q1 results due April 28

April 24 (Reuters) - Poland's Bank Millennium MILP.WA is expected to report a first-quarter net profit of 295 million zlotys ($82 million), up nearly 65% from a year earlier, a Reuters poll showed on Friday.

The rise is driven by lower legal provisions for the bank's Swiss franc mortgage portfolio, which offset the impact of falling interest rates and an income tax hike for banks.

The bank's net interest income is forecast to fall by nearly 2% year-on-year to 1.4 billion zlotys after Poland's central bank cut interest rates several times from May 2025, bringing the benchmark down to 3.75% from 5.75%.

Net fee and commission income is expected to rise by more than 14% to 209 million zlotys.

(Figures in millions of zlotys unless stated otherwise)

FIRST QUARTER OF 2026

Net Interest Income
Net Fee & Commission Income
Net Profit
Median
1397
209
295
Average
1394
209
296
Lowest
1366
205
278
Highest
1415
213
317
Number of forecasts
4
4
4
Q1 2025
1423
183
179
Q4 2025
1438
200
347

Forecasts provided by: DM BOS, Trigon DM, Erste Group Research, PKO BP

($1 = 3.6189 zlotys)

 (Reporting by Rafal Nowak. Editing by Mark Potter)

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