Business performance

The Bank Millennium Group achieves its economic goals striving to balance the needs of the key Shareholders, in accordance with its medium-term growth strategy, taking into account the principles declared in the Code of Ethics.

G4-DMA EC1, G4-DMA EC6

Highlights of the Bank Millennium Group business performance (in millions of PLN)   2015 2014 2013 2012
Operating income 2 239.2 2,308.4 2,080.1 2,008.2
Operating expenses 1550.3 1,469.7 1,397.4 1,414.4
Net sales 1961.4 2,065.8 1,808.8 1,707.2
Payroll expenses 547 547 547 558.3
Income tax 141 187.5 144.8 123.8
Loans and advances to customers (gross) 46 369.4 44,142.7 41,765.7 40,232.2
Customer funds 59 894 54,353 51,872 46,792
Share in the loan market* 4.7% 4.7% 4.8% 6.4%
Share in the deposits market* 5.2% 5.1% 5.3% 5.3%
Equity 6 443 5,765 5,363 4,824
Capital adequacy ratio 16.7% 15.2% 14.5% 14.5%
Net profit 546.5 650.9 535.8 472.2
Distribution of profit          
Dividend 0** 0 50% 0
Reserve capital 100%** 100% 50% 100%

*share in the Polish banking market

**The Managment Board of the Bank will submit to the Annual General Shareholders Meeting a proposal to retain 100% of the profit of 2015 in equity.

                                           

Detailed information and financial data pertaining to the activity of the Bank Millennium Group are available in the 2015 Annual Report of Bank Millennium available on the Bank's website.

G4-EC1