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BPCGY BPCE Bpce5.41%26sep38

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Delayed by 15 minutes
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's Net Profit Edges Down 3.6%

24/07/2012 7:50am

Dow Jones News


BPCE Bpce5.41%26sep38 (EU:BPCGY)
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WARSAW--Poland's Bank Millennium SA (MIL.WA), a unit of Banco Comercial Portugues SA (BCP.LB), said Tuesday its second-quarter net profit fell 3.6% on the year due to higher writedowns for bad loans, as the economic slowdown in the central European country starts to bite.

MAIN FACTS:

-- Millennium's second-quarter net profit fell to 111.1 million zlotys ($32.11 million) from PLN115.3 million.

-- The bank's net interest income rose 1.9% on the year to PLN293.3 million.

-- Net fee and commission income rose 1% to PLN146.1 million.

-- Provisioning for non-performing loans jumped 67% to PLN73.8 million.

Write to Marynia Kruk at marynia.kruk@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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