Financial and
ESG report 2020

Business performance

[GRI 103-1, GRI 103-2, GRI 103-3]
The Bank Millennium Group achieves its economic goals striving to balance the needs of the key Shareholders, in accordance with its growth strategy, taking into account the principles declared in the Code of Ethics.

[GRI 201-1] 

Selected business performance
(m PLN)

Group  Bank
2020 2019 2018 2020 2019 2018
Total income  3,577,8  3,471.5  2,727.6  3 421.5  3,084.1  2,568.3 
Total costs  (1,752.8)  (1,726.1)  (1,268.0)  (1,693.5)  (1,520.9)  (1,205.3) 
including staff-related  (856.3)  (836.1)  (638.1)  (813.8)  (715.3)  (592.2) 
Cost/income ratio  49.0%  49.7%  46.5%  49.50%  49.3%  46.9% 
Provisions for risk  (621.3)  (439.0)  (236.6)  (541.5)  (235.1)  (205.6) 
Bank levy  (279.1)  (248.0)  (198.5)  (279.1)  (236.9)  (198.5) 
Corporate income tax (CIT)  (188.1)  (274.6)  (264.0)  (175.1)  (267.3)  (236.6) 
Loans and borrowings to clients (net)  74,088.3  69,754.9  52,711.7  73,501.4  68,828.8  51,786.8 
Client deposits   81,510,5  81,454.8  66,243.8  81,832.5  81,637.5  66,399.8 
Share in the loan market  6.1%  5.7%  4.6%  The stated data pertain only to the Group 
Share in the deposits market  5.3%  6.0%  5.3%  The stated data pertain only to the Group 
Ratio: credits/deposits  91%  86%  79.6%  The stated data pertain only to the Group 
Non-performing loan ratio  4.95%  4.56%  4.52%  The stated data pertain only to the Group 
Loan loss coverage ratio  65.7%  62.4%  74.4%  The stated data pertain only to the Group 
CET1 ratio  16.5%  16.9%  19.8%  16.2%  16.8%  19.5% 
Total capital ratio (TCR)  19.5%  20.1%  21.7%  19.2%  20.0%  21.5% 
Equity  9,091.0  8,941.5  8,384.4  8,835.7  8,690.1  8,136.0 
Net profit  22.8  560.7  760.7  18.6  600.7  722.3 
ROE  0.2%  6.4%  9.6%  The stated data pertain only to the Group 
Distribution of profit             
Dividend        0*  0  0 
Capital         100%*  100%  100% 
* Bank’s Management Board’s proposal prior to the General Meeting

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