Bank Millennium SA
F:1HN
Bank Millennium SA
Bank Millennium SA, a prominent player in the Polish banking sector, has carved its niche by focusing on a customer-centric approach. Emerging from its origins as Bank Inicjatyw Gospodarczych BIG SA in the late 1980s, the institution has evolved through strategic mergers and partnerships, notably with Portugal's Millennium BCP, which holds a significant stake. This relationship has not only expanded Bank Millennium's operational know-how but also enhanced its service offerings, arguably making it one of Poland's most versatile banks. With a robust retail banking segment, it caters to individual customers through various services such as personal accounts, credit cards, and mortgage loans. These offerings are fortified by a digital backbone that ensures an intuitive user experience, emphasizing the bank's commitment to innovation and convenience.
Simultaneously, Bank Millennium balances this retail focus by engaging substantially in corporate banking, providing tailored financial solutions to small and medium enterprises and large corporations. The bank generates revenue by leveraging interest on loans and credit products, while it diversifies its income with a suite of fee-based services like investment funds, insurance, and wealth management. A forward-thinking management ethos, combined with streamlining operations, has allowed it to navigate Poland's dynamic financial landscape effectively. The harmony between digital transformation and personal touch underscores Bank Millennium's strategy of blending traditional banking with modern demands, keeping it competitive and adaptable in a rapidly changing market environment.
Bank Millennium SA, a prominent player in the Polish banking sector, has carved its niche by focusing on a customer-centric approach. Emerging from its origins as Bank Inicjatyw Gospodarczych BIG SA in the late 1980s, the institution has evolved through strategic mergers and partnerships, notably with Portugal's Millennium BCP, which holds a significant stake. This relationship has not only expanded Bank Millennium's operational know-how but also enhanced its service offerings, arguably making it one of Poland's most versatile banks. With a robust retail banking segment, it caters to individual customers through various services such as personal accounts, credit cards, and mortgage loans. These offerings are fortified by a digital backbone that ensures an intuitive user experience, emphasizing the bank's commitment to innovation and convenience.
Simultaneously, Bank Millennium balances this retail focus by engaging substantially in corporate banking, providing tailored financial solutions to small and medium enterprises and large corporations. The bank generates revenue by leveraging interest on loans and credit products, while it diversifies its income with a suite of fee-based services like investment funds, insurance, and wealth management. A forward-thinking management ethos, combined with streamlining operations, has allowed it to navigate Poland's dynamic financial landscape effectively. The harmony between digital transformation and personal touch underscores Bank Millennium's strategy of blending traditional banking with modern demands, keeping it competitive and adaptable in a rapidly changing market environment.
Record Profit: Bank Millennium delivered its highest-ever net profit of PLN 1.202 billion for 2025, up 67% year-on-year.
ROE Recovery: Return on equity rebounded to 14.3%, returning to double-digit levels.
Solid Asset Quality: Non-performing loan ratio fell to 3.8%, meeting the 2028 target ahead of schedule, while cost of risk remained low at 30 basis points.
Deposit & Corporate Lending Growth: Deposits grew by 12% and corporate loans by 20% year-on-year, driving strong business momentum.
Digitalization Strength: Digital active retail clients reached 93.7% of the base, and mobile users grew 8% to 2.87 million.
FX Mortgage Costs Drop: Costs related to FX mortgages fell by 34% year-on-year, with a further significant decline expected in 2026.
Guidance for 2026: Expectation of further deposit and business growth, more moderate mortgage growth (3%), a normalization of cost of risk (around 50 bps), and a higher effective tax rate close to 40%.
