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Bank Millennium (MIL) investor relations material
Bank Millennium AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
Meeting officially opened in Warsaw, with voting conducted electronically and attendance confirmed at over 80% of share capital.
Agenda included approval of financial statements, profit distribution, discharge of board members, remuneration policy, gender balance, and bylaw updates.
Chairperson and voting procedures were established, with Robert Gawałkiewicz elected as Chair by unanimous vote.
Financial performance review
Polish GDP growth projected at 3.6% for 2025, with strong sectoral deposit and credit growth.
Net profit reached a record PLN 1.202 billion, up 67% year-on-year; adjusted profit at PLN 3.222 billion.
Operational expenses rose 13% year-on-year; cost-to-income ratio at 35.8%.
NPL ratio at a record low of 3.8%; provisions down 19%.
Swiss franc mortgage settlements progressing, with 30,400 settlements concluded.
Board and executive committee updates
Supervisory Board held 10 meetings, adopted 77 resolutions, and maintained high attendance and direct information flow with Management Board.
Committees (Audit, Personnel, Risk) ensured effective supervision; composition updated post-elections.
- Net profit up 19% to PLN 547m, with strong capital, digital growth, and persistent FX-mortgage risks.MIL
Q3 202413 Feb 2026 - Net profit up 67% year-over-year, driven by lending and digital growth; FX-mortgage risks persist.MIL
Q4 20259 Feb 2026 - Net profit up 56% y/y, strong capital, digital growth, but FX-mortgage legal risks persist.MIL
Q3 20253 Feb 2026 - H1 2024 profit stable at PLN 357m; strong capital, robust deposits, and high legal risk provisions.MIL
Q2 20242 Feb 2026 - Net profit up 25% to PLN 719m, capital and digital growth strong, FX risk costs declining.MIL
Q4 20249 Jan 2026 - Net profit up 40% y/y, strong capital and digital growth, FX risk remains key challenge.MIL
Q1 202528 Nov 2025 - Net profit up 43% y/y, strong capital and digital growth, but FX mortgage risks persist.MIL
Q2 202520 Oct 2025
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