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Bank Millennium SABank Millennium estimates provision for FX mortgage loans' legal risk at PLN 509 mln in Q2
Listed lender Millennium estimates the provision for legal risk related to foreign currency mortgage loans in the second quarter of 2025 at PLN 509 million (EUR 119.7 mln), the bank said in a market filing. In addition, the value of provisions for legal risk related to the portfolio of FX loans granted by the former Euro Bank, which is expected to be created (with no impact on the financial result), is estimated at PLN 64 million (EUR 15.05 mln).
The lender announced that the final value of provisions for legal risk in the second quarter of 2025 and the financial results will be disclosed in the financial statements for the first half of 2025, which are scheduled to be published on July 29, 2025.
"Despite the higher level of provisions for legal risk compared to the previous quarter, the combination of financial results from operations and other elements of the financial result indicates a level of net profit for the bank/group exceeding the value reported in the previous quarter, assuming no extraordinary events occur by the date of publication," Millennium said in the market filing.
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