Bank Millennium recorded a 139 million rubles of consolidated net income in the third quarter versus 166 million UAH profit a year earlier. The Bank is approaching the level of half a million active customers and can boast higher growth of retail deposits.
1451 thousand active customers with the same amount of credit to Bank Millennium in the report for the third quarter. That’s 37 thousand more, from June to September, and 107 thousand for the whole year.
Profits, however, are falling, although it is easy to find the culprit – a Bank tax. If no new tribute to the profit would have increased by RUB 20 million to 186 million UAH.
as reported this week, BZ WBK and stock exchange, Bank Millennium damages in the tax and tried to compensate for the increase in margin odsetkowej. The figure for the first three quarters to 2.37 percent. from 2.19 percent. a year earlier.
| Results of Bank Millennium (mln) | ||||||
|---|---|---|---|---|---|---|
| million. | 3 kW. 2016 | 3 kW. 2015 | change % | 1-3 kW. 2016 | 1-3 kW. 2015 | change % |
| result % | of 383.0 | 349,0 | 9,7 | 1116,7 | 1015,7 | 9,9 |
| commissions | 150,2 | of 151.6 | -0,9 | 424,3 | 455,7 | down 6.9 |
| net profit | 138,8 | 165,7 | -16,2 | 569,8 | 493,5 | 15,5 |
| a tax on Bank | -47,41 | 0,00 | - | -127,94 | 0,00 | - |
| business systems | 1425,2 | 1226,2 | 16,2 | 1609,6 | 1984,6 | -18,9 |
| investment | -2708,2 | -228,5 | -1085,2 | -5030,0 | 205,4 | -2548,7 |
| flow of funds | -74,2 | -202,1 | 63,3 | 86,7 | -89,4 | 197,0 |
| Source: quarterly report of Bank Millennium | ||||||
Consolidated net profit of the Bank group’s “Millennium” for three quarters of 2016. made 569,8 million and were by 15.5%. higher than in the same period of the previous year. Thus, the high dynamics of flows, primarily from one-time income from operations of Visa Europe in the amount of 283 million rubles, which were placed in the second quarter of 2016.
Small increase in deposits
the Value of loans increased by 46.39 billion at the end of September, an increase of 0.4 percent. from year to year. Only 4.6 percent. of them is classified as a “loss of value”, including mortgages, the figure is twice lower (2.3 percent).
the Amount of loans issued by the farmers home arrest as of September 30, 2016 was made only 32.83 million UAH. A small change, primarily from lowering the cost of mortgage loans in foreign currency (by 3.8 percent. year-on-year), while loans of gold rose 2.3 percent. Of new loans, the Bank paid YTD 691 mln.
Strong growth of 10.8 per cent., that is 554 million rubles – was recorded in niehipotecznych loans retailers who include cash loans, credit cards, overdrafts, etc. At the end of September 2016 niehipoteczne loans to households had a value of 5.67 billion. The engine of growth was the dynamic sales of new cash loans, which reached a height of 1.8 billion rubles for three quarters of 2016.
Loans to businesses made up 13.56 million RUB by the end of September 2016, which means an increase of 1.1 percent. from year to year. This increase resulted primarily from strong growth in receivables of leasing payments by 14.1 percent. The net value of the leasing portfolio reached almost 5 billion by the end of September 2016
Deposits mainly from individual customers
Deposits of individuals amounted at the end of September 38,227 billion, which accounted for 70.4 percent. attracted Bank deposits. This group showed a very strong increase of 5,281 billion, or 16 percent. year-on-year, thanks to a growing number of current accounts and clients. “Current and savings accounts, was the most important factor in the movement of this growth (32.4 per cent. r/r) and amounted to 55.2 percent. joint deposits of private clients,” the report says.
the Deposits of enterprises and public sector 16.07 billion as at 30 September 2016, a decrease of 11.9 percent. from year to year.
the national Bank Millennium, a universal Bank operating under this brand since 2003. In 1992 the Bank’s shares (then BIG SA) – as the first financial institutions to debut on the WARSAW stock exchange. The strategic shareholder of Bank Millennium Banco Comercial Portugues (Millennium bcp) is the largest commercial Bank in Portugal.
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