Profit of the Polish Bank Millennium rose 30% in the first nine months of the year

Bank Millennium's profits rose by 30% in the first nine months of the year, reaching 1.109 billion zlotys. This growth is attributed to resilient financial margins despite significant reductions in market rates and a disciplined cost management approach. The bank reported a 1% decrease in financial margin year-on-year but a 7% increase compared to the previous quarter. Net commissions increased by 9%, while operational results fell by 3%. The credit portfolio grew by 11%, with notable increases in personal and mortgage loans. Active retail customers surpassed 3.39 million, with a significant shift towards digital banking.