The profit of Bank Millennium increased 31.5% in the first six months of the year compared to the same period of 2015. The Polish bank, in which BCP holds a position of 50.1%, profited 431 million zlotys (98.4 million euros), according to a statement released by the party led by Nuno Amado. However, the numbers were “strongly impacted by the sale of Visa Europe shares,” said the BCP statement.
In the report of the half-yearly accounts of the own Bank Millennium is detailed that “the impact of this transaction concluded on 21 June, on revenues totaled 283 million zlotys” [64.6 million euros]. The return of own capital of the bank, a leading indicator of the profitability of banks, stood at 13.1%.
In relation to capital, BCP said the Polish bank ended the half with a ratio of major capital ratios Tier 1 of 16.9% and the ratio between loans and deposits is 87%, which ensures a “strong liquidity.” In this regard, the bank reported a growth of retail deposits of 47% since the beginning of the year and 10% in the quarter. Already the credit portfolio, and isolating only the second quarter, had “an annual growth of 13%,” the BCP statement.
The actions of Bank Millennium follow down 0.43% to 4.66 zlotys in the Polish stock exchange. Already the BCP yields 3.08% to 0.0189 euros in Lisbon.
The bank led by Nuno Amado presents results on Wednesday. And analysts estimate that CaixaBI profit decline from 240.7 million euros in the first half of 2015 to 87 million in the first half of this year. It should be noted that last year, the entity’s results benefited from non-recurring gains from the sale of public debt.
(updated news at 8:51 with more information)
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