Bank Millennium in 3Q25 - good financial and business results, Strategy’28 Value&Growth on track

Bank Millennium S.A. Capital Group’s reported net profit of PLN345 million in 3Q25 (up 4% q/q) and PLN855 million in 9M25 (up 56% y/y). 3Q25 was characterised by a relatively small number of extraordinary items and the still relatively elevated, although dropping, costs related to FX-mortgage portfolio. 

Core operating performance remained solid, generating the lion’s share of this strong quarterly and year-to-date result. Total loans were marginally up in 3Q25 but growth in the corporate book accelerated further (+6% q/q) with y/y growth rate at 12%. Investment loans accounted for 42% of newly originated loans in 3Q25. In contrast, retail book showed negative q/q and y/y dynamics due to a combination of fast contracting FX-mortgage portfolio and low, although accelerating, origination of PLN mortgages. These more than offset the continuing solid origination of consumer loans. Liquidity surplus increased further with deposits up 5% q/q and up 12% y/y while L/D ratio reached a new low of 58%. Number of active retail clients remained in a steady uptrend (3.234 million, up 4% y/y), number of active digital clients crossed the 3 million threshold while volume of investment products grew 9% q/q to over PLN14.2 billion. Within these, funds managed by Millennium TFI, a mutual fund company, exceeded PLN10 billion. 

Capital ratios improved in the period (group TCR at 16.0%, T1 at 14.4%). 

" I am very pleased to announce good results of net profit amounting to PLN 345 million in 3Q25 and PLN 855 million in the three quarters of 2025, despite the persistent costs of the foreign currency mortgage portfolio. The third quarter of 2025 brought solid results both in the area of retail and corporate banking, in which, in accordance with the adopted Strategy '28 Value and Growth, we plan dynamic development. It is worth emphasizing that the value of new loan production for companies increased by as much as 22% q/q and by as much as 83% y/y, mainly due to dynamic increases in the area of new investment loans. In reporting period we have delivered to our clients many new solutions and products, what is always our focus. We achieved all this while constantly focusing on the quality of our service and positive customer experiences, for which we have been honored with industry awards. " – commented Joao Bras Jorge, Chairman of Bank Millennium.

"I am pleased to underline that after nine months of 2025 we are on track with the implementation of initiatives of the Strategy2028: Value and Growth as well as we actively monitored key business and financial goals. We were focused on sustained growth in the retail segment, strengthening the Bank’s position in the small and medium enterprises segment, and improving profitability. The Bank prioritized digitalization, the expansion of its product offering, including investment and savings product, and the continuous enhancement of customer service quality for which Bank was frequently awarded."  added Chairman Joao Bras Jorge.

During the reporting period, a number of implementations were carried out to support the needs of both retail and corporate clients in line with Value and Growth Strategy’28. The number of active digital users using the mobile app and online banking exceeded 3 million, marking a significant milestone in reaching over 95% digitally active clients by 2028. As part of the “To be and have” campaign launched in the third quarter, young influencers are promoting banking products such as the Millennium 360° Account, Profit Savings Account, and the mobile app, showcasing their practical applications. New features introduced in the mobile app include the ability to purchase eSIM cards with international data packages and to order cash delivery to a branch. Thanks to these new mobile functionalities, clients can now verify their identity on public administration and commercial platforms using biometrics or a PIN code. A new product, the “Your Goal” Savings Account, was also introduced, enabling convenient and automatic saving. Clients who save regularly benefit from higher interest rates.

In the area of corporate banking, Bank Millennium was one of the first institutions on the market to implement a digital e-signature in leasing area, enabling the leasing agreement process to be completed fully online. To expand its offering, the bank introduced the Development Loan. Corporate clients can also benefit from a multi-currency feature, allowing payments to be made directly from foreign currency accounts without the need for currency conversion. Companies that meet specific environmental criteria have access to KUKE S.A. green guarantees, which serve as loan collateral and facilitate access to financing.

The results of Bank Millennium Capital Group are also available here: https://www.bankmillennium.pl/en/about-the-bank/investor-relations