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Business performance

The Bank Millennium Group achieves its economic goals through a medium-term growth strategy, in a sustainable manner, taking into account requirements of its stakeholders and the principles declared in the Code of Ethics.G4-DMA

Highlights of the Bank Millennium Group business performance (in millions of PLN)

201420132012
Operating income 2,308.4 2,080.1 2,008.2
Operating expenses 1,469.7 1,397.4 1,414.4
Net sales 2,065.8 1,808.8 1,707.2
Payroll expenses 547 547 558.3
Income tax 187.5 144.8 123.8
Loans and advances to customers (gross) 44,142.7 41,765.7 40,232.2
Customer funds 54,353 51,872 46,792
Share in the loan market* 4.7% 4.8% 6.4%
Share in the deposit market* 5.1% 5.3% 5.3%
Equity 5,765 5,363 4,824
Capital adequacy ratio 15.2% 14.5% 14.5%
Net profit 650.9 535.8 472.2
Distribution of profit 2014 2013 2012
Dividend The Bank intends to maintain its dividend policy at 35-50% of the annual net profit, taking into account KNF’s regulatory recommendations and the regulatory environment. 50% 0
Reserve capital 50% 100%

* share in the Polish banking market

Detailed information and financial data pertaining to the activity of the Bank Millennium Group are available in the "2014 Annual Report of Bank Millennium" available on the Bank's website.G4-EC1