Credit Risk
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| Capital ratios | 31.12.2016 | 31.12.2015 | 31.12.2014 |
|---|---|---|---|
| Own Funds | 6 390.7 | 6 208.9 | 5 368.9 |
| Own Funds requirements | 2 938.4 | 2 970.4 | 2 820.5 |
| Risk-weighted assets | 36 730.6 | 37 129.6 | 35 257.0 |
| Total Capital Ratio (TCR) | 17.40% | 16.72% | 15.23% |
| Tier 1 Capital ratio (T1) | 17.31% | 16.35% | 14.53% |
| Common Equity Tier 1 Capital ratio (CET1) | 17.31% | 16.35% | 14.53% |
| Leverage ratio | 9.0% | 9.1% | 8.3% |
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| Capital ratios | 31.12.2016 | 31.12.2015 | 31.12.2014 |
|---|---|---|---|
| Own Funds | 6 252.4 | 6 081.3 | 4 988.4 |
| Own Funds requirements | 2 895.9 | 2 940.5 | 2 770.8 |
| Risk-weighted assets | 36 198.7 | 36 755.7 | 34 634.5 |
| Total Capital Ratio (TCR) | 17.27% | 16.55% | 14.40% |
| Tier 1 Capital ratio (T1) | 17.18% | 16.17% | 13.69% |
| Common Equity Tier 1 Capital ratio (CET1) | 17.18% | 16.17% | 13.69% |
| Leverage ratio | 8.9% | 9.2% | 7.8% |
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| Bank Millennium SA Group
Surplus (+) / Deficit (-) of capital adequacy |
CET1 | T1 | TCR |
|---|---|---|---|
| Against levels expected by KNF | n.a. | 4.52 | 0.85 |
| Against levels required by CRR | 10.10 | 9.02 | 6.35 |
|
Bank Millennium SA Surplus (+) / Deficit (-) of capital adequacy |
CET1 | T1 | TCR |
| Against levels expected by KNF | n.a. | 4.36 | 0.68 |
| Against levels required by CRR | 9.95 | 8.86 | 6.18 |
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| Company | Activity domain | Head office | % of the Group’s capital share |
% of the Group’s voting share |
Recognition in financial statements |
|---|---|---|---|---|---|
| BANK MILLENNIUM SA | banking services | Warsaw | Parent company | full consolidation | |
| MILLENNIUM LEASING Sp. z o.o. | leasing services | Warsaw | 100 | 100 | full consolidation |
| MILLENNIUM DOM MAKLERSKI S.A. | brokerage services | Warsaw | 100 | 100 | full consolidation |
| MILLENNIUM TFI S.A. | investment funds management | Warsaw | 100 | 100 | full consolidation |
| MB FINANCE AB | funding companies from Millennium Group | Stockholm | 100 | 100 | full consolidation |
| MILLENNIUM SERVICE Sp. z o.o. | Rent and property management. insurance brokerage | Warsaw | 100 | 100 | full consolidation |
| MILLENNIUM GOODIE Sp. z o.o. | Internet portals activity | Warszawa | 100 | 100 | full consolidation |
| MILLENNIUM TELECOMMUNICATION SERVICES Sp. z o.o. | financial operations on equity markets, advisory services | Warsaw | 100 | 100 | full consolidation |
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| Item | Note of financial report |
Value in financial report | Item in Table No. 5 |
|---|---|---|---|
| Subordinated liabilities | 34 | 664 004 | 1.2.1.1 |
| Share capital | 35a | 1 213 117 | 1.1.1.1.1 |
| Capital from sale of shares over nominal value | List of equity items page 10 | 1 147 502 | 1.1.1.1.3 |
| Revaluation capital | 35b | -184 962 | 1.1.1.3 |
| Retained earnings | 35c | 4 765 548 | 1.1.1.4
1.1.1.5 1.1.1.2.2.1 |
| Total equity and subordinated liabilities reported in the audited financial report | 7 605 209 | ||
| Part of net result. which cannot be included in own funds as of reporting date for purposes of calculation of prudential standards | -270 303 | 1.1.1.2.2.2 | |
| Gross amount of other intangible assets | -62 314 | 1.1.1.11.1 | |
| Shortage of credit risk corrections in view of expected losses according to IRB approach | -474 280 | 1.1.1.13 | |
| Correction by 40% of unrealised gains | -2 719 | 1.1.1.26 oraz 1.2.10 | |
| Korekty wartości z tytułu wymogów w zakresie ostrożnej wyceny | -15 951 | 1.1.1.9.5 | |
| Correction by part of principal of subordinated liability. which cannot be included in own funds | -534 880 | 1.2.1.1 | |
| Correction by interest accrued on subordinated liability | -403 | 1.2.1.1 | |
| Provision for instruments hedging cash flows | 146 305 | 1.1.1.9.2 | |
| Total own funds | 6 390 664 | 1 | |
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| ID | Item | Amount |
|---|---|---|
| 1 | OWN FUNDS | 6 390 664 |
| 1.1 | TIER 1 CAPITAL | 6 356 800 |
| 1.1.1 | COMMON EQUITY TIER 1 CAPITAL | 6 356 800 |
| 1.1.1.1 | Capital instruments eligible as CET1 Capital | 2 360 619 |
| 1.1.1.1.1 | Paid up capital instruments | 1 213 117 |
| 1.1.1.1.2 | Memorandum item: Capital instruments not eligible | 0 |
| 1.1.1.1.3 | Share premium | 1 147 502 |
| 1.1.1.1.4 | (-) Own CET1 instruments | 0 |
| 1.1.1.1.4.1 | (-) Direct holdings of CET1 instruments | 0 |
| 1.1.1.1.4.2 | (-) Indirect holdings of CET1 instruments | 0 |
| 1.1.1.1.4.3 | (-) Synthetic holdings of CET1 instruments | 0 |
| 1.1.1.1.5 | (-) Actual or contingent obligations to purchase own CET1 instruments | 0 |
| 1.1.1.2 | Retained earnings | 430 949 |
| 1.1.1.2.1 | Previous years retained earnings | 0 |
| 1.1.1.2.2 | Profit or loss eligible | 430 949 |
| 1.1.1.2.2.1 | Profit or loss attributable to owners of the parent | 701 252 |
| 1.1.1.2.2.2 | (-) Part of interim or year-end profit not eligible | -270 303 |
| 1.1.1.3 | Accumulated other comprehensive income | -184 962 |
| 1.1.1.4 | Other reserves | 3 835 395 |
| 1.1.1.5 | Funds for general banking risk | 228 902 |
| 1.1.1.6 | Transitional adjustments due to grandfathered CET1 Capital instruments | 0 |
| 1.1.1.7 | Minority interest given recognition in CET1 capital | 0 |
| 1.1.1.8 | Transitional adjustments due to additional minority interests | 0 |
| 1.1.1.9 | Adjustments to CET1 due to prudential filters | 130 354 |
| 1.1.1.9.1 | (-) Increases in equity resulting from securitised assets | 0 |
| 1.1.1.9.2 | Cash flow hedge reserve | 146 305 |
| 1.1.1.9.3 | Cumulative gains and losses due to changes in own credit risk on fair valued liabilities | 0 |
| 1.1.1.9.4 | Fair value gains and losses arising from the institution’s own credit risk related to derivative liabilities | 0 |
| 1.1.1.9.5 | (-) Value adjustments due to the requirements for prudent valuation | -15 951 |
| 1.1.1.10 | (-) Goodwill | 0 |
| 1.1.1.10.1 | (-) Goodwill accounted for as intangible asset | 0 |
| 1.1.1.10.2 | (-) Goodwill included in the valuation of significant investments | 0 |
| 1.1.1.10.3 | Deferred tax liabilities associated to goodwill | 0 |
| 1.1.1.11 | (-) Other intangible assets | -62 314 |
| 1.1.1.11.1 | (-) Other intangible assets gross amount | -62 314 |
| 1.1.1.11.2 | Deferred tax liabilities associated to other intangible assets | 0 |
| 1.1.1.12 | (-) Deferred tax assets that rely on future profitability and do not arise from temporary differences net of associated tax liabilities | 0 |
| 1.1.1.13 | (-) IRB shortfall of credit risk adjustments to expected losses | -474 280 |
| 1.1.1.14 | (-)Defined benefit pension fund assets | 0 |
| 1.1.1.14.1 | (-)Defined benefit pension fund assets gross amount | 0 |
| 1.1.1.14.2 | Deferred tax liabilities associated to defined benefit pension fund assets | 0 |
| 1.1.1.14.3 | Defined benefit pension fund assets which the institution has an unrestricted ability to use | 0 |
| 1.1.1.15 | (-) Reciprocal cross holdings in CET1 Capital | 0 |
| 1.1.1.16 | (-) Excess of deduction from AT1 items over AT1 Capital | 0 |
| 1.1.1.17 | (-) Qualifying holdings outside the financial sector which can alternatively be subject to a 1250% risk weight | 0 |
| 1.1.1.18 | (-) Securitisation positions which can alternatively be subject to a 1250% risk weight | 0 |
| 1.1.1.19 | (-) Free deliveries which can alternatively be subject to a 1250% risk weight | 0 |
| 1.1.1.20 | (-) Positions in a basket for which an institution cannot determine the risk weight under the IRB approach. and can alternatively be subject to a 1250% risk weight | 0 |
| 1.1.1.21 | (-) Equity exposures under an internal models approach which can alternatively be subject to a 1250% risk weight | 0 |
| 1.1.1.22 | (-) CET1 instruments of financial sector entities where the institution does not have a significant investment | 0 |
| 1.1.1.23 | (-) Deductible deferred tax assets that rely on future profitability and arise from temporary differences | 0 |
| 1.1.1.24 | (-) CET1 instruments of financial sector entities where the institution has a significant investment | 0 |
| 1.1.1.25 | (-) Amount exceeding the 17.65% threshold | 0 |
| 1.1.1.26 | Other transitional adjustments to CET1 Capital | 92 137 |
| 1.1.1.27 | (-) Additional deductions of CET1 Capital due to Article 3 CRR | 0 |
| 1.1.1.28 | CET1 capital elements or deductions – other | 0 |
| 1.1.2 | ADDITIONAL TIER 1 CAPITAL | 0 |
| 1.1.2.1 | Capital instruments eligible as AT1 Capital | 0 |
| 1.1.2.1.1 | Paid up capital instruments | 0 |
| 1.1.2.1.2* | Memorandum item: Capital instruments not eligible | 0 |
| 1.1.2.1.3 | Share premium | 0 |
| 1.1.2.1.4 | (-) Own AT1 instruments | 0 |
| 1.1.2.1.4.1 | (-) Direct holdings of AT1 instruments | 0 |
| 1.1.2.1.4.2 | (-) Indirect holdings of AT1 instruments | 0 |
| 1.1.2.1.4.3 | (-) Synthetic holdings of AT1 instruments | 0 |
| 1.1.2.1.5 | (-) Actual or contingent obligations to purchase own AT1 instruments | 0 |
| 1.1.2.2 | Transitional adjustments due to grandfathered AT1 Capital instruments | 0 |
| 1.1.2.3 | Instruments issued by subsidiaries that are given recognition in AT1 Capital | 0 |
| 1.1.2.4 | Transitional adjustments due to additional recognition in AT1 Capital of instruments issued by subsidiaries | 0 |
| 1.1.2.5 | (-) Reciprocal cross holdings in AT1 Capital | 0 |
| 1.1.2.6 | (-) AT1 instruments of financial sector entities where the institution does not have a significant investment | 0 |
| 1.1.2.7 | (-) AT1 instruments of financial sector entities where the institution has a significant investment | 0 |
| 1.1.2.8 | (-) Excess of deduction from T2 items over T2 Capital | 0 |
| 1.1.2.9 | Other transitional adjustments to AT1 Capital | 0 |
| 1.1.2.10 | Excess of deduction from AT1 items over AT1 Capital (deducted in CET1) | 0 |
| 1.1.2.11 | (-) Additional deductions of AT1 Capital due to Article 3 CRR | 0 |
| 1.1.2.12 | AT1 capital elements or deductions – other | 0 |
| 1.2 | TIER 2 CAPITAL | 33 864 |
| 1.2.1 | Capital instruments and subordinated loans eligible as T2 Capital | 128 720 |
| 1.2.1.1 | Paid up capital instruments and subordinated loans | 128 720 |
| 1.2.1.1 | Memorandum item: Capital instruments and subordinated loans not eligible | 0 |
| 1.2.1.3 | Share premium | 0 |
| 1.2.1.4 | (-) Own T2 instruments | 0 |
| 1.2.1.4.1 | (-) Direct holdings of T2 instruments | 0 |
| 1.2.1.4.2 | (-) Indirect holdings of T2 instruments | 0 |
| 1.2.1.4.3 | (-) Synthetic holdings of T2 instruments | 0 |
| 1.2.1.5 | (-) Actual or contingent obligations to purchase own T2 instruments | 0 |
| 1.2.2 | Transitional adjustments due to grandfathered T2 Capital instruments and subordinated loans | 0 |
| 1.2.3 | Instruments issued by subsidiaries that are given recognition in T2 Capital | 0 |
| 1.2.4 | Transitional adjustments due to additional recognition in T2 Capital of instruments issued by subsidiaries | 0 |
| 1.2.5 | IRB Excess of provisions over expected losses eligible | 0 |
| 1.2.6 | SA General credit risk adjustments | 0 |
| 1.2.7 | (-) Reciprocal cross holdings in T2 Capital | 0 |
| 1.2.8 | (-) T2 instruments of financial sector entities where the institution does not have a significant investment | 0 |
| 1.2.9 | (-) T2 instruments of financial sector entities where the institution has a significant investment | 0 |
| 1.2.10 | Other transitional adjustments to T2 Capital | -94 856 |
| 1.2.11 | Excess of deduction from T2 items over T2 Capital (deducted in AT1) | 0 |
| 1.2.12 | (-) Additional deductions of T2 Capital due to Article 3 CRR | 0 |
| 1.2.13 | T2 capital elements or deductions – other | 0 |
| Common Equity Tier1 Ratio (CET1) | 17.31% | |
| Total Capital Ratio (TCR) | 17.40% |
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| Company | Activity domain | Head office | % of the Group’s capital share |
% of the Group’s voting share |
Recognition in financial statements |
|---|---|---|---|---|---|
| BANK MILLENNIUM SA | banking services | Warsaw | Parent company | full consolidation | |
| MILLENNIUM LEASING Sp. z o.o. | leasing services | Warsaw | 100 | 100 | full consolidation |
| MILLENNIUM DOM MAKLERSKI S.A. | brokerage services | Warsaw | 100 | 100 | full consolidation |
| MILLENNIUM TFI S.A. | investment funds management | Warsaw | 100 | 100 | full consolidation |
| MB FINANCE AB | funding companies from Millennium Group | Stockholm | 100 | 100 | full consolidation |
| MILLENNIUM SERVICE Sp. z o.o. | Rent and property management. insurance brokerage | Warsaw | 100 | 100 | full consolidation |
| MILLENNIUM GOODIE Sp. z o.o. | Internet portals activity | Warszawa | 100 | 100 | full consolidation |
| MILLENNIUM TELECOMMUNICATION SERVICES Sp. z o.o. | financial operations on equity markets, advisory services | Warsaw | 100 | 100 | full consolidation |
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| Item | Note of financial report |
Value in financial report | Item in Table No. 5 |
|---|---|---|---|
| Subordinated liabilities | 34 | 664 004 | 1.2.1.1 |
| Share capital | 35a | 1 213 117 | 1.1.1.1.1 |
| Capital from sale of shares over nominal value | List of equity items page 10 | 1 147 502 | 1.1.1.1.3 |
| Revaluation capital | 35b | -184 962 | 1.1.1.3 |
| Retained earnings | 35c | 4 765 548 | 1.1.1.4
1.1.1.5 1.1.1.2.2.1 |
| Total equity and subordinated liabilities reported in the audited financial report | 7 605 209 | ||
| Part of net result. which cannot be included in own funds as of reporting date for purposes of calculation of prudential standards | -270 303 | 1.1.1.2.2.2 | |
| Gross amount of other intangible assets | -62 314 | 1.1.1.11.1 | |
| Shortage of credit risk corrections in view of expected losses according to IRB approach | -474 280 | 1.1.1.13 | |
| Correction by 40% of unrealised gains | -2 719 | 1.1.1.26 oraz 1.2.10 | |
| Korekty wartości z tytułu wymogów w zakresie ostrożnej wyceny | -15 951 | 1.1.1.9.5 | |
| Correction by part of principal of subordinated liability. which cannot be included in own funds | -534 880 | 1.2.1.1 | |
| Correction by interest accrued on subordinated liability | -403 | 1.2.1.1 | |
| Provision for instruments hedging cash flows | 146 305 | 1.1.1.9.2 | |
| Total own funds | 6 390 664 | 1 | |