Bank Millennium S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 27, 2023 at 03:48 am EDT
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Bank Millennium S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was PLN 1,371.91 million compared to net interest loss of PLN 151.16 million a year ago. Net income was PLN 102.7 million compared to net loss of PLN 1,000.9 million a year ago. Basic earnings per share from continuing operations was PLN 0.08 compared to basic loss per share from continuing operations of PLN 0.83 a year ago.
For the nine months, net interest income was PLN 3,972.99 million compared to PLN 1,991.83 million a year ago. Net income was PLN 460.62 million compared to net loss of PLN 1,263.5 million a year ago. Basic earnings per share from continuing operations was PLN 0.38 compared to basic loss per share from continuing operations of PLN 1.04 a year ago. Diluted earnings per share from continuing operations was PLN 0.38 compared to diluted loss per share from continuing operations of PLN 1.04 a year ago.
Bank Millennium SA is a Poland-based commercial bank. Its product and service offer includes personal accounts, debit and credit cards, overdraft limits, cash and mortgage loans, saving accounts, term deposits, investment funds, brokerage services, structured products and insurance products. Its business is divided into three segments, including Retail Banking, providing services for individual customers and small enterprises; Corporate Banking, providing services for corporate customers; and Treasury and investment operations, offering financial instruments for both individual and corporate customers. As of December 31, 2012, the Bank rendered its services through a network of 447 outlets located in Polish cities, Internet banking (Millenet), telephone banking and a network of automated teller machines (ATMs). It operated six subsidiaries, including Millennium Leasing Sp. z o.o. and Millennium Dom Maklerski SA, among others. Banco Comercial Portugues SA held a 65.51% stake in the Bank