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Bank Millennium SA (MILP.WA)

MILP.WA on Warsaw Stock Exchange

9.19PLN
3:59pm GMT
Change (% chg)

0.12zł (+1.32%)
Prev Close
9.07zł
Open
9.07zł
Day's High
9.20zł
Day's Low
9.02zł
Volume
768,478
Avg. Vol
1,067,607
52-wk High
9.82zł
52-wk Low
7.21zł

Latest Key Developments (Source: Significant Developments)

Poland's KNF Sets Additional Capital Requirement For Bank Millennium At 6.27 P.P.
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Bank Millennium ::THE POLISH FINANCIAL SUPERVISION AUTHORITY (KNF) RECOMMENDS BANK TO MAINTAIN OWN FUNDS TO COVER ADDITIONAL CAPITAL REQUIREMENT AT 6.27 P.P. for TOTAL CAPITAL RATIO (TCR).SAYS BANK MEETS KNF'S REQUIREMENTS REGARDING MINIMAL CAPITAL RATIOS ON BOTH STANDALONE AND CONSOLIDATED LEVELS.  Full Article

KNF Requests Bank Millennium To Maintain Additional Capital Requirement
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - BANK MILLENNIUM ::THE POLISH FINANCIAL SUPERVISION AUTHORITY (KNF) RECOMMENDS BANK TO MAINTAIN OWN FUNDS TO COVER ADDITIONAL CAPITAL REQUIREMENT AT 6.41 P.P. OVER THE AMOUNT OF TOTAL CAPITAL RATIO (TCR).RECOMMENDATION RELATES TO RISK RESULTING FROM FX LOANS.PRIOR TO THE RECOMMENDATION, BANK MAINTAINED OWN FUNDS TO COVER AN ADDITIONAL CAPITAL REQUIREMENT REGARDING FX LOANS AT THE LEVEL OF 5.53 P.P..  Full Article

Bank Millennium To Increase Its Bond Program To 3 Bln Zlotys
Wednesday, 25 Jul 2018 

July 25 (Reuters) - BANK MILLENNIUM ::ITS SUPERVISORY BOARD APPROVES INCREASE IN NOMINAL VALUE OF THE COMPANY'S III BOND PROGRAM TO 3 BILLION ZLOTYS FROM 2 BILLION ZLOTYS.THE PROGRAM IS CURRENTLY USED IN AN AMOUNT OF 1 BILLION ZLOTYS.  Full Article

Bank Millennium Files To KNF For Authorization To Create A Mortgage Bank
Thursday, 28 Jun 2018 

June 28 (Reuters) - Bank Millennium SA ::SAYS HAS APPLIED TO THE POLISH FINANCIAL SUPERVISION AUTHORITY (KNF) FOR AUTHORIZATION TO CREATE A NEW UNIT IN THE GROUP, A MORTGAGE BANK, CALLED MILLENNIUM BANK HIPOTECZNY.CO TO BE THE ONLY SHAREHOLDER OF THE NEW ENTITY.  Full Article

UOKiK Imposes 20.7 Mln Zloty Fine On Bank Millenium
Monday, 15 Jan 2018 

Jan 15 (Reuters) - BANK MILLENNIUM SA :OFFICE FOR COMPETITION AND CONSUMER PROTECTION (UOKIK) IMPOSES A 20.7 MILLION ZLOTY FINE ON BANK MILLENNIUM (BANK), UOKIK SAYS IN A STATEMENT.THE REGULATOR SAID THAT BANK MISLED CLIENTS PROVIDING THEM WITH INCORRECT INFORMATION REGARDING FORBIDDEN CLAUSES IN THEIR CONTRACTS .WHEN CLIENTS ASKED ABOUT CLAUSES IN THEIR CONTRACTS, WHICH GOT FORBIDDEN BY THE COURT OF COMPETITION AND CONSUMER PROTECTION (SOKIK), THE BANK WAS REPLYING THAT THE FACT THAT THE CLAUSES WERE FORBIDDEN DID NOT MAKE ANY DIFFERENCE IN THEIR SITUATION, UOKIK SAYS AND ADDS THAT IT COULD DISCOURAGE CLIENTS FROM PURSUING THEIR CLAIMS.BANK CAN APPEAL AGAINST THE UOKIK DECISION.UOKIK INITIATED PROCEEDINGS AGAINST BANK MILLENIUM IN OCT. 2016 .  Full Article

Moody's Raises Millennium's Long-Term, Short-Term Deposit Rating To Baa3/Prime-3
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - BANK MILLENNIUM ::MOODY'S RAISES BANK'S LONG-TERM, SHORT-TERM DEPOSIT RATING TO BAA3/PRIME-3 FROM BA1/NOT PRIME.MOODY'S RAISES BANK'S LONG-TERM, SHORT TERM CRA TO BAA2(CR)/PRIME-2(CR) FROM BAA3(CR)/PRIME-3(CR).MOODY'S RAISES BANK'S BCA TO BA2 FROM BA3.MOODY'S LONG-TERM OUTLOOK FOR BANK'S DEPOSIT RATING REMAINS STABLE.  Full Article

KNF Recommends Millennium Additional Capital Requirement
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - BANK MILLENNIUM SA ::THE POLISH FINANCIAL SUPERVISION AUTHORITY (KNF) RECOMMENDS MILLENNIUM TO KEEP OWN FUNDS FOR ADDITIONAL CAPITAL REQUIREMENT IN RELATION TO THE RISK RESULTING FROM FX MORTGAGES AT 5.41 P.P. OVER THE AMOUNT OF TOTAL CAPITAL RATIO (TCR).IT SHOULD BE COVERED AT LEAST IN 75 PERCENT BY TIER 1 CAPITAL.MILLENNIUM MEETS THE ABOVE REQUIREMENTS ON BOTH THE STANDALONE AND CONSOLIDATED LEVELS.THE REGULATOR HAS ALSO INFORMED ABOUT THE ADDITIONAL ADD-ON FOR MILLENNIUM IN THE AMOUNT OF 3.47 PERCENT.THE ADD-ON IS USED IN THE COMMERCIAL BANKS' DIVIDEND POLICY, MEASURING THE BANK'S SENSITIVITY TO AN UNFAVORABLE MACROECONOMIC SCENARIO.  Full Article

Bank Millennium Plans To Issue Bank Securities Of Nominal Value Of Up To PLN 1.5 Bln
Monday, 4 Dec 2017 

Dec 4 (Reuters) - BANK MILLENNIUM SA ::SUPERVISORY BOARD APPROVES THIRD PROGRAMME OF BANK SECURITIES ISSUANCE OF NOMINAL VALUE OF UP TO PLN 1.5 BILLION.BANK SECURITIES TO BE ISSUED IN SEVERAL SERIES AND DENOMINATED IN PLN, EUR, USD OR CHF.MAXIMUM MATURITY PERIOD OF BANK SECURITIES NOT TO EXCEED 10 YEARS.FUNDS RAISED FROM ISSUANCE OF BANK SECURITIES TO BE SPENT ON FINANCING GENERAL ACTIVITIES OF BANK.  Full Article

Polish Millennium to issue bonds worth up to 700 mln zlotys
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Bank Millennium ::Poland's Bank Millennium plans to issue 10-year subordinated bonds worth up to 700 million zlotys ($198.63 million) on Dec. 7, it said in a statement on Monday.The bonds will be issued as part of Millennium' 2-billion zlotys bond issue approved in 2015.  Full Article

Bank Millennium Q3 net profit ‍​187.5 million zlotys, beats forecasts
Monday, 30 Oct 2017 

Oct 30 (Reuters) - BANK MILLENNIUM :Q3 NET PROFIT ‍​187.5 MILLION ZLOTYS VERSUS 183 MILLION ZLOTYS SEEN IN REUTERS POLL.Q3 NET INTEREST INCOME 438.3 MILLION ZLOTYS VERSUS 383.0 MILLION ZLOTYS YEAR AGO.Q3 NET FEE AND COMMISSION INCOME 165.5 MILLION ZLOTYS VERSUS 150.2 MILLION ZLOTYS YEAR AGO.  Full Article

Millennium bcp chief rules out more M&A deals after Polish acquisition

LISBON, Nov 29 The head of Portugal's largest listed bank, Millennium bcp, which has just bought a small lender in Poland, ruled out further mergers and acquisitions, saying that its strategy is to become more agile and profitable.