Bank Millennium, controlled by BCP, closed the first half of the year with profits of 357 million zlotys (82.8 million euros at the current exchange rate), a figure that compares with 358 million zlotys (77.3 million euros at the exchange rate on that date), the bank led by Miguel Maya reported this Friday in a statement sent to the Securities Market Commission (CMVM).
Thus, the exchange rate effect means that net profits expressed in euros have increased, despite the very slight drop of one million zlotys.
BCP highlights that this was the seventh consecutive quarter with profits for the Polish bank, although the results remain “conditioned by the
charges related to the credit portfolio mortgages denominated in swiss francsem particular with provisions for legal risk of credits denominated in Swiss francs what totalizeam in 1st semester 1.124 millions of zlotys before taxes (260,5 millions of euros)”.
The Portuguese bank also notes that “the result liquid do 1º withteacher of 2024, tight of items specific (related) mostly with charges related to the credit portfolio mortgages called em swiss francs) increased from 1.418 millions of zlotys (328,9 millions of euros) for 1.501 millions of zloty (348,2 millions of euros)corresponding to a variation of 6% in local currency”.
The financial margin (excluding the costs related to a extension of the moratoriums about creditzloty-denominated mortgages) increased 5% year-on-year e 2% compared to quarter anterior.
Source: www.jornaldenegocios.pt
