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Strong operating results on core business. Record sales of loans. Financial results lower due to provisions for FX loans26.07.2021
Consolidated net profit of Bank Millennium Group after 2 quarters of 2021 reached -512 mln PLN (-200 mln PLN in Q2). The main factor weighing down on the results were provisions for legal risk involved with the portfolio of FX mortgages in the amount of 1 047 mln PLN (514 mln PLN in Q2). Were it not for the FX provisions the Group would have recorded net profit of 449 mln PLN (267 mln PLN in Q2 alone). The Bank had record-high sales of mortgage and cash loans at 4,8 bn PLN (+68% y/y) and 2,7 bn PLN (+14% y/y) respectively.
The BGK guarantee programmes aid pack, offered i.a. via Bank Millennium, has been extended until the end of 2021. In this pack businesses can get de minimis, credit and factoring liquidity guarantees as well as leasing guarantees. Bank Millennium offers financing secured with guarantees; the application process makes use of digital channels and qualified signature.
Bank Millennium has introduced the opportunity in corporate banking to have digital two-way exchange of documents in Millenet for Companies. The documents exchange module is yet another stage of digitalising business processes. More than half of loans agreements with companies are already signed digitally with the use of electronic signature and this number keeps growing.
Bank Millennium is among banks recognised in the “Stars of Banking” ranking held by “Dziennik Gazeta Prawna” and PwC as technical partner. In the “Customer Relationship Star” category, where assessment is made not by members of the jury but customers of banks (12,000 people replied to a number of questions on how they see their relationship with the bank and how they are treated by their institution of first choice), Bank Millennium came third.
In a joint effort with MOTO Flota, Millennium Leasing offered smaller businesses MOTO Flota programme i.e. maintenance services so far available only for big fleets. This is the only such proposal on the market. Predictability of costs, fixed prices and discounts, guarantee of service quality or cashless settlements are the key assumptions of MilleFlota programme.
One of the most popular free shopping applications in Poland, goodie, has been integrated with Huawei Mobile SERVICES, which means that the application is available in AppGallery both for the latest HMS Huawei smartphones and older GMS models.