26.10.2010
Information about the activity of Bank Millennium Capital Group during 3 quarters of 2010
During the 3rd Quarter 2010 Bank Millennium Group continued improving its profitability, net profit in 3Q grew 10% versus the 2Q, reaching PLN 76.3 m, and the accumulated net profit of the current year reached PLN 213.9 m.
The main drivers of net profit growth were higher core income and strong cost discipline. Particularly positive was the sustained improvement of net interest income, which grew 9% quarterly and 51% yearly. Strong asset quality enabled the Group to reduce cost of risk versus last year. Third quarter brought also high sales of loans to individuals, both mortgage and consumer ones.
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