Poland's Bank Millennium net profit jumps on lower FX loan provisions

Bank Millennium SA

29/10/2024 06:01

Oct 29 (Reuters) - Poland's Bank Millennium  MILP.WA  reported an 85%
rise in third-quarter net profit on Tuesday, outperforming analysts' forecasted
30.8% increase, as costs related to its FX mortgage loan portfolio showed a
welcome decrease.
    The Polish unit of Portugal's biggest lender Millennium bcp  BCP.LS  posted
a net profit of 189.8 million zlotys ($47.2 million), as provisions for legal
risks related to its portfolio of foreign currency mortgage loans fell by 28% to
532.8 million zlotys ($132.45 million).   

($1 = 4.0227 zlotys)

 (Reporting by Rafal W. Nowak; Editing by Jacqueline Wong)
 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))