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MIL — Bank Millennium SA News Story

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Poland - Factors to Watch October 24

WARSAW, Oct 24 (Reuters) - The following are significant news stories, press reports and events on Friday. ALL TIMES GMT (Poland: GMT + 2 hours):

BANK MILLENNIUM

Bank Millennium MILP.WA on Friday reported an 82% year-on-year rise in third-quarter net profit to 345 million zlotys ($86.8 million), as the lender booked lower, though still substantial, costs for its Swiss franc mortgage portfolio.

STATE BUDGET

Presidential advisor and former Deputy Finance Minister Leszek Skiba said that potential presidential vetoes of tax-increasing bills would not be decisive for the public finance deficit. In his opinion, the government could reduce it by increasing budget revenues in other ways, Puls Biznesu daily reported.

DEFENCE SECTOR

More and more companies listed on the Warsaw Stock Exchange are considering investing in the defence sector. Both combat drones and counter-drone systems are in the spotlight, Parkiet daily reported.

DEBT

On Friday at 1000, the state-owned Bank Gospodarstwa Krajowego (BGK) will hold a bond tender.

****Reuters has not verified stories reported by Polish media and does not vouch for their accuracy.****

For other related news, double click on:

 Polish equities       PL-E     E.Europe equities     .CEE
 Polish money          PL-M     Polish debt           PL-D
 Eastern Europe        EEU      All emerging markets  EMRG
 Hot stocks            HOT      Stock markets         STX
 Market debt news      DBT      Forex news            FRX

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 Warsaw WIG20 .WIG20  Budapest BUX .BUX  Prague PX .PX

 (Reporting by Warsaw Bureau)

 ((warsaw.newsroom@reuters.com; tel. +48 22 6539700))

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