Banco Comercial Português, S.A. informs about Bank Millennium Poland results in 9M2018
25 Octubre 2018 - 03:12AM
Banco Comercial Português, S.A. informs about Bank Millennium
Poland results in 9M2018
Banco Comercial Português, S.A. hereby informs that Bank
Millennium in Poland, in which it has a 50.1% holding and whose
accounts are fully consolidated at BCP group level, released today
its results for the 9M2018. Main highlights are as follows:
"Net profit increase
- Net profit of 1-3Q 2018 reached 548 million PLN, which means
9.3% yearly growth
- ROE at 9.5% and cost/income at 46.6%
Growth of operating income and costs
- Operating income grew by 5.2% y/y while costs grew by 5.6%
y/y
- Net interest income grew +6.7% y/y
Low cost of risk and impaired ratio
maintained
- Cost of risk at 47 b.p. (annualised)
- Impaired loans (stage 3) ratio at stable 4.7% level
Strong capital and liquidity ratios, rating
upgrade
- Group's TCR at 22.9% and CET1 at 20.9% (without profit of the
current year)
- Loan to deposits ratio still at very low level of 84.5%
- Moodys's upgraded Bank Millennium rating to Baa2/P2/ba1/
positive outlook"
End of announcement
Banco Comercial Português, S.A.
- 2018 10 25 Resultados Polónia 9M2018 EN
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