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Bank Millennium SA (MILP.WA)

MILP.WA on Warsaw Stock Exchange

9.49PLN
3:59pm GMT
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9.82zł
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Latest Key Developments (Source: Significant Developments)

Bank Millennium Signs Deal To Buy Euro Bank For 1.83 Bln Zlotys
Monday, 5 Nov 2018 

Nov 5 (Reuters) - BANK MILLENNIUM ::SIGNS AGREEMENT TO BUY 99.787% OF EURO BANK SA FOR 1.83 BILLION ZLOTYS FROM SG FINANCIAL SERVICES HOLDINGS.THE BANK DOES NOT PLAN TO ISSUE SHARES TO FINANCE THE TRANSACTION, WILL PAY FOR TRANSACTION IN CASH.TOTAL SYNERGIES WITHIN NEXT FIVE YEARS ESTIMATED AT ABOUT 650 MLN ZLOTYS, THE BANK SAYS IN A PRESENTATION TO INVESTORS.THE TOTAL COSTS OF INTEGRATION WILL AMOUNT TO ABOUT 350 MLN ZLOTYS OVER 2019-2022.PLANS TO CLOSE TRANSACTION IN Q2 2019.ESTIMATES 17% ROI AT TIME OF REACHING PLANNED SYNERGIES.J.P. MORGAN AND CLIFFORD CHANCE WERE FINANCIAL AND LEGAL ADVISORS RESPECTIVELY IN A DEAL.SG FINANCIAL SERVICES HOLDINGS IS A UNIT OF SOCIETE GENERALE SA.  Full Article

Bank Millennium Q4 Net Interest Income At 443.9 Mln Zlotys
Monday, 26 Feb 2018 

Feb 26 (Reuters) - BANK MILLENNIUM SA ::Q4 NET INTEREST INCOME 443.9 MILLION ZLOTYS VERSUS 447 MILLION ZLOTYS AS SEEN IN REUTERS POLL.  Full Article

Bank Millennium Q4 Net Profit At 179.6 Mln Zlotys
Friday, 2 Feb 2018 

Feb 2 (Reuters) - Bank Millennium ::Q4 NET INTEREST INCOME 449.2 MILLION ZLOTYS VERSUS 447 MILLION ZLOTYS AS SEEN IN REUTERS POLL.Q4 NET FEE AND COMMISSION INCOME 169.4 MILLION ZLOTYS VERSUS 168 MILLION ZLOTYS SEEN IN REUTERS POLL.Q4 NET PROFIT 179.6 MILLION ZLOTYS VERSUS 178 MILLION ZLOTYS SEEN IN REUTERS POLL.WILL RECOMMEND TO RETAIN 2017 PROFIT.  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 joins Novo Banco, CGD to manage bad loans
Thursday, 28 Sep 2017 

LISBON, Sept 28 (Reuters) - Portugal's largest listed bank Millennium bcp::* Says signed agreement with Caixa Geral de Depositos and Novo Banco to create platform to jointly handle bad loans, confirming an exclusive report by Reuters earlier on Thursday, citing a senior government official. nL8N1M93CN.* The three banks intend to manage debts in a joint fashion..* Initially the platform will manage credits with a minimum value of 5 million euros..* Other Portuguese banks can join..* See Reuters' earlier report on the measure for more details. nL8N1M93CN.  Full Article

Deals of the day-Mergers and acquisitions

Nov 5 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday: