Earnings Poll: Poland's Bank Millennium Q2 net profit seen up 20% y/y

Bank Millennium SA

24/07/2026 10:38

Q2 results due July 28

    July 24 (Reuters) - Poland's Bank Millennium MILP.WA is expected to report a second-quarter net profit of 398 million zlotys ($105 million), up 20% from a year earlier, a Reuters poll showed on Friday.
The rise is expected to be 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 4% 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 over 10% to 208 million zlotys.
       
(Figures in millions of zlotys unless stated otherwise)
SECOND QUARTER OF 2026

Net Profit
Net Interest Income
Net Fee & Commission Income
Median
398
1395
208
Average
391
1398
208
Lowest
376
1383
206
Highest
401
1418
212
Number of forecasts
5
5
5
Q2 2025
331
1448
188
Q1 2026
301
1390
205
Forecasts provided by: DM BOS, Trigon DM, PKO BP, mBank BM, Erste Group Research
($1 = 3.7973 zlotys)

 (Reporting by Rafal Nowak in Gdansk)
 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))