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Bank Millennium beats forecasts with 407.6m złoty Q2 profit
📈 Business

Bank Millennium beats forecasts with 407.6m złoty Q2 profit

Bank Millennium posted a net profit of 407.6 million złoty in Q2, beating both market expectations and the prior-year result. Growth was driven by lower Swiss franc litigation costs, rising fee income and an expanding corporate loan portfolio. The bank flagged risks from the free-credit sanction and pressure on its interest margin.

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