Bank Millennium has recorded zł.17 million in net profits during the third quarter of this year, compared to only zł.3 million in the same period of 2003
Published:
26 October 2004 y., Tuesday
Bank Millennium (Poland) has recorded zł.17 million in net profits during the third quarter of this year, compared to only zł.3 million in the same period of 2003.
In the first three quarters of the year the bank recorded a net profit of zł.129.2 million, which is a threefold increase in comparison to the same period in the previous year. The cost to revenues ratio amounted to 71.7% by the end of September, and if it was not for the sale of PTF loans in Q2, the result would have been 86.7%. Millennium has also recorded an improvement in the quality of credits, where the total value of endangered credits fell by almost zł.1.1 billion. The bank's solvency ratio increased to 18.5% from 12.2% in late September 2003. Despite the rights to sell its 10% stake in PZU being valid from November 5, the bank's president Bogusław Kott announced that there were no plans to do so.
Šaltinis:
wbj.pl
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Women in the EU earn on average 18% less than men - a gap that has scarcely narrowed over the last 15 years and in some countries has even grown.
more »
43 gas and electricity projects to split €2.3bn, the most the EU has ever spent on energy infrastructure in a single package.
more »
Georgia and the European Union have initialled a comprehensive air services agreement at a meeting in Tbilisi, Georgia, today which will open up and integrate the respective markets, strengthen cooperation and offer new opportunities for consumers and operators.
more »
In order to vitalize and strengthen cooperation of business stakeholders in the region, the Nordic and Baltic countries continue running joint mobility programme.
more »
The EBRD is boosting the availability of financing to the real economy sector in Serbia, with a €20 million credit line to Société Générale Serbia for on-lending to small and medium enterprises.
more »
The EBRD is supporting the development of the private sector in Armenia and increases further the availability of financing in the real economy sector with a $10 million loan to Ameriabank for on lending to local companies under its Medium Sized Co-financing Facility (MCFF).
more »
The EBRD is supporting the modernisation and improvement of transport infrastructure in Albania with a €50 million sovereign loan to finance the rehabilitation of regional and local roads in the country.
more »
Given the deep impact Latvia has suffered in the wake of the global crisis, and due to the emergency nature of this program, the first operation will focus mainly on the first and second objectives.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will visit Africa March 7-11, to discuss opportunities and challenges facing African economies in the wake of the global crisis.
more »
Without enough money, the EU 2020 strategy risks turning into "another vague scoreboard for the Member States", the EP Budgets Committee warned on Thursday when adopting its priorities for the 2011 budget.
more »