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2019 in Bank Millennium – successful merger with Euro Bank, 734,000 new active customers, double-digit growth of the Group’s loans (+32%) and deposits (+23%) portfolios, strong organic growth03.02.2020
Consolidated net profit of Bank Millennium Group in 2019 reached 561 mln PLN (-26% y/y). Were it not for one-off costs and provisions mainly for integration with Euro Bank and legal risk of the portfolio of FX mortgage loans, it would have been 889 mln PLN (+17% y/y). The number of active retail customers grew 734,000 (+40% y/y) to the level of 2.6 million. Record-high sales of cash loans and the merger effect brought doubling of the value of the consumer loans portfolio to 15.1 bln PLN. Customers’ deposits reached 81.5 bln PLN (+23% y/y) and loans stood at 69.8 bln PLN (+32% y/y).