Poland’s seventh largest bank by asset, the Portuguese-owned
The net result came in at 16% above the consensus line. The bank's net interest income in the third quarter was PLN1.37bn, in line with expectations. Fees and commissions income were at PLN188mn, slightly below expectations of PLN192mn.
Costs of legal risk reserves for foreign currency mortgage loans in the third quarter amounted to PLN743.2mn,
The balance of reserves excluding reserves for legal disputes related to foreign currency mortgage loans was PLN64.2mn in Q3, 11% below the consensus line.
Bank Millennium’s stocks fell 1.55% to PLN7.32 on
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