Bank Millennium SA (WAR:MIL)

Half Year 2025 Bank Millennium SA Earnings Call Transcript

Jul 29, 2025 / 12:00 PM GMT

Release Date Price: zł15.04 (+1.35%)

Transcript

Key Points

Positve

Bank Millennium SA (WAR:MIL) reported a record high net profit of 511 million slots for the first half of 2025, marking a 43% increase from the previous year.
The bank achieved a strong return on equity of 13.8%, supported by resilient net interest income despite decreasing interest rates.
There was a significant reduction in the non-performing loan (NPL) ratio to 4.2%, aided by the sale of NPLs.
The bank maintained solid capital ratios, with a total capital ratio at 15.6% and a core tier one ratio at 13.8%.
Bank Millennium SA (WAR:MIL) experienced growth in corporate loans, consumer loans, and investment funds, indicating a positive trend in business expansion.

Negative

The bank faced a decline in new mortgage sales, attributed to a strategic shift towards corporate lending and market conditions.
There was a temporary decrease in capital ratios due to the recognition of operational risk charges related to FX mortgage legal risks.
Operating costs increased by 15% year on year, driven by higher contributions to banking guarantee funds and other costs.
The net interest margin (NIM) decreased by 13 basis points year on year, reflecting the impact of interest rate cuts.
Legal risk provisions related to FX mortgages remained significant, although the bank expects these costs to decrease in the future.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MILP.WA - Bank Millennium SA
Half Year 2025 Bank Millennium SA Earnings Call
Jul 29, 2025 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. Welcome to Bank Millennium Results.

Very happy to be starting the earnings season for Foolish Banks at such a strong, high note, even that we reported record high results.

With us we have Mr. Berge, our CEO and Chairman of the board, and Mr. Fernando Bicho, deputy Chairman of the board and our CFO, and as usual, Mr. Bicho will start with Presentation of the results and after we'll be ready to open your question to answer your questions.

Thank you very much.

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Unidentified_2 [2]
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Thank you. Good afternoon to

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