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BPCGY BPCE Bpce5.41%26sep38

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Name Symbol Market Type
BPCE Bpce5.41%26sep38 EU:BPCGY Euronext Bond
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0 -

Polish Bank Millennium 4Q Net Profit Up 11.6%

31/01/2012 7:49am

Dow Jones News


BPCE Bpce5.41%26sep38 (EU:BPCGY)
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Poland's Bank Millennium SA (MIL.WA), a unit of Banco Comercial Portugues SA (BCP.LB), said Tuesday its fourth-quarter net profit rose 11.6% on the year due to lower provisions and higher interest income.

MAIN FACTS:

-- Millennium's fourth-quarter net profit rose 11.6% to PLN125.1 million.

-- The bank's net interest income rose 17.9% on the year to PLN300.5 million.

-- Net fee and commission income dropped 0.6% to PLN128.8 million.

-- Provisioning for non-performing loans was at PLN36 million, down 23.4% from corresponding period of last year.

-By Patryk Wasilewski, Dow Jones Newswires; +48 22 447 2430; patryk.wasilewski@dowjones.com

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