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Bank Millennium SA (MILP.WA)

MILP.WA on Warsaw Stock Exchange

8.34PLN
17 Jul 2019
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Latest Key Developments (Source: Significant Developments)

Poland's Bank Millennium Agrees Merger Plan With Euro Bank
Friday, 7 Jun 2019 

June 7 (Reuters) - Bank Millennium ::SAYS AGREES PLAN OF MERGER WITH EURO BANK.SAYS EURO BANK SHAREHOLDERS WILL RECEIVE 4.1 OF THE MERGER SHARES FOR 1 OF THEIR EURO BANK SHARE.  Full Article

Bank Millennium Buys Around 99.79% Of Share Capital In Euro Bank For 1.8 Bln Zlotys
Friday, 31 May 2019 

May 31 (Reuters) - Bank Millennium ::SAYS BUYS AROUND 99.79% OF SHARE CAPITAL IN EURO BANK FOR 1.8 BILLION ZLOTYS.SAYS PAYS BACK UNSUBORDINATED LOAN IN AMOUNT OF 3.8 BILLION ZLOTYS GRANTED TO EURO BANK BY SOCIÉTÉ GÉNÉRALE.  Full Article

Polish Financial Regulator Raises No Objections To Bank Millenium Buying Euro Bank
Tuesday, 28 May 2019 

May 28 (Reuters) - Bank Millennium ::SAYS POLISH FINANCIAL REGULATOR RAISES NO OBJECTIONS TO ACQUISITION OF EURO BANK SHARES BY CO TOGETHER WITH BANCO COMERCIAL PORTUGUÊS .PLANNED ACQUISITION ASSUMES OBTAINING OVER 50% VOTES IN EURO BANK'S AGM BY COMPANIES.  Full Article

Impact Of Acquistion Of Eurobank To Be Visible In Q2 Results - CEO Of Bank Millennium
Wednesday, 8 May 2019 

May 8 (Reuters) - Bank Millennium ::SAYS RISK COST IN 2019 TO BE HIGHER THAN IN 2018, BUT LOWER THAN IN Q1 2019 - CEO.IMPACT OF ACQUISITION OF EUROBANK WILL BE VISIBLE IN Q2 RESULTS - CEO.  Full Article

Poland's Anti-Monopoly Watchdog Approves Acquisition Of Euro Bank By Bank Millennium
Thursday, 3 Jan 2019 

Jan 3 (Reuters) - Bank Millennium ::SAYS POLAND'S OFFICE OF COMPETITION AND CONSUMER PROTECTION (UOKiK) APPROVES TAKEOVER OF EURO BANK BY BANK MILLENNIUM.  Full Article

Grodno Signs Loan Agreement
Friday, 21 Dec 2018 

Dec 21 (Reuters) - GRODNO SA ::SAID ON THURSDAY THAT GRODNO SA, BARGO SP. Z O.O., INEGRO SP. Z O.O. AND MAGMA SP Z O.O. SIGNED AGREEMENT FOR LOANS WITH CONSORTIUM OF BANK MILLENNIUM SA <<>> AND CREDIT AGRICOLE BANK POLSKA SA.FUNDS TO BE USED FOR REFINANCING CREDITS IN OTHER BANKS, INCREASING FINANCING IN CONSORTIUM BANKS AND OBTAINING A LOAN TO FINANCE ACQUISITION OF MAGMA SP. Z O.O..UNDER THE AGREEMENT, GETS AN ACQUISITION LOAN OF UP TO 16 MLN ZLOTYS AND INVESTMENT LOAN UP TO 24.1 MLN ZLOTYS, BOTH FOR 8 YEARS.  Full Article

Bank Millennium Signs Deal To Buy Euro Bank For 1.83 Bln Zlotys
Monday, 5 Nov 2018 

Nov 5 (Reuters) - BANK MILLENNIUM ::SIGNS AGREEMENT TO BUY 99.787% OF EURO BANK SA FOR 1.83 BILLION ZLOTYS FROM SG FINANCIAL SERVICES HOLDINGS.THE BANK DOES NOT PLAN TO ISSUE SHARES TO FINANCE THE TRANSACTION, WILL PAY FOR TRANSACTION IN CASH.TOTAL SYNERGIES WITHIN NEXT FIVE YEARS ESTIMATED AT ABOUT 650 MLN ZLOTYS, THE BANK SAYS IN A PRESENTATION TO INVESTORS.THE TOTAL COSTS OF INTEGRATION WILL AMOUNT TO ABOUT 350 MLN ZLOTYS OVER 2019-2022.PLANS TO CLOSE TRANSACTION IN Q2 2019.ESTIMATES 17% ROI AT TIME OF REACHING PLANNED SYNERGIES.J.P. MORGAN AND CLIFFORD CHANCE WERE FINANCIAL AND LEGAL ADVISORS RESPECTIVELY IN A DEAL.SG FINANCIAL SERVICES HOLDINGS IS A UNIT OF SOCIETE GENERALE SA.  Full Article

Bank Millennium Q4 Net Interest Income At 443.9 Mln Zlotys
Monday, 26 Feb 2018 

Feb 26 (Reuters) - BANK MILLENNIUM SA ::Q4 NET INTEREST INCOME 443.9 MILLION ZLOTYS VERSUS 447 MILLION ZLOTYS AS SEEN IN REUTERS POLL.  Full Article

Bank Millennium Q4 Net Profit At 179.6 Mln Zlotys
Friday, 2 Feb 2018 

Feb 2 (Reuters) - Bank Millennium ::Q4 NET INTEREST INCOME 449.2 MILLION ZLOTYS VERSUS 447 MILLION ZLOTYS AS SEEN IN REUTERS POLL.Q4 NET FEE AND COMMISSION INCOME 169.4 MILLION ZLOTYS VERSUS 168 MILLION ZLOTYS SEEN IN REUTERS POLL.Q4 NET PROFIT 179.6 MILLION ZLOTYS VERSUS 178 MILLION ZLOTYS SEEN IN REUTERS POLL.WILL RECOMMEND TO RETAIN 2017 PROFIT.  Full Article

UOKiK Imposes 20.7 Mln Zloty Fine On Bank Millenium
Monday, 15 Jan 2018 

Jan 15 (Reuters) - BANK MILLENNIUM SA :OFFICE FOR COMPETITION AND CONSUMER PROTECTION (UOKIK) IMPOSES A 20.7 MILLION ZLOTY FINE ON BANK MILLENNIUM (BANK), UOKIK SAYS IN A STATEMENT.THE REGULATOR SAID THAT BANK MISLED CLIENTS PROVIDING THEM WITH INCORRECT INFORMATION REGARDING FORBIDDEN CLAUSES IN THEIR CONTRACTS .WHEN CLIENTS ASKED ABOUT CLAUSES IN THEIR CONTRACTS, WHICH GOT FORBIDDEN BY THE COURT OF COMPETITION AND CONSUMER PROTECTION (SOKIK), THE BANK WAS REPLYING THAT THE FACT THAT THE CLAUSES WERE FORBIDDEN DID NOT MAKE ANY DIFFERENCE IN THEIR SITUATION, UOKIK SAYS AND ADDS THAT IT COULD DISCOURAGE CLIENTS FROM PURSUING THEIR CLAIMS.BANK CAN APPEAL AGAINST THE UOKIK DECISION.UOKIK INITIATED PROCEEDINGS AGAINST BANK MILLENIUM IN OCT. 2016 .  Full Article