Profil:
Bank Millennium SABANK MILLENNIUM SA (29/2024) Znaczące pozycje mające wpływ na wyniki finansowe III kwartału 2024 r.
Raport bieżący 29/2024
Bank Millennium S.A.
October 2, 2024
Current report no. 29/2024
SUBJECT: Significant items impacting financial results in the 3rd
quarter 2024
The Management Board of Bank Millennium S.A. [the Bank] informs that the
estimated level of 3rd quarter 2024 provisions for legal risk connected
with FX mortgage loans originated by the Bank amounts to PLN470 million.
Additionally, PLN62 million worth of provisions [without P_amp;L impact] are
estimated to be created against legal risk related to the loan book
originated by former Euro Bank S.A.
Additionally, with reference to the current report No 17/2024 published
on May 7, 2024, the Bank informs that following a verification of the
estimated participation of eligible mortgage borrowers in credit
holidays it lowered the estimated impact of the Act amending the Act on
support for borrowers who have taken out a mortgage loan and are in a
difficult financial situation and the Act on crowdfunding for business
ventures and assistance to borrowers [the Act] on the financial results
of the Bank and its Group. As a result, in the 3rd quarter 2024, the
estimated cost of credit holidays was lowered by PLN44 million to the
level of PLN157 million, positively impacting interest income in the
period.
Final value of legal risk provisions in the 3rd quarter 2024 and
financial results will be disclosed in the financial statements for the
3rd quarter 2024 due to be announced on October 29, 2024. Legal
basis: art. 17 section 1 MAR
More information on page: http://biznes.pap.pl/en/reports/espi/all,0,0,0,1
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