Economic 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 economic results (PLN million) |
GROUP | BANK | ||
|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |
| Operating income | 3,558.1 | 3,577.8 | 3,400.7 | 3,421.5 |
| Operating expenses* | (1,642.3) | (1,752.8) | (1,573.7) | (1,693.5) |
| Cost/income ratio | 46.2% | 49.0% | 46.3% | 49.50% |
| Impairment provisions and other cost of risk | (299.0) | (621.3) | (257.2) | (541.5) |
| FX legal risk related provisions | (2,305.2) | (713.6) | (2,305.2) | (713.6) |
| Banking tax | (312.6) | (279.1) | (312.6) | (279.1) |
| Corporate income tax (CIT) | (330.9) | (188.1) | (309.5) | (175.1) |
| Net loans and borrowings to clients | 78,603.3 | 73,639.3 | 78,237.6 | 73,052.4 |
| Client deposits | 91,447.5 | 81,510.5 | 91,672.3 | 81,832.5 |
| Common Equity Tier 1 capital (CET1=T1) | 14.0% | 16.5% | 14.0% | 16.2% |
| Total Capital Ratio (TCR) | 17.1% | 19.5% | 17.2% | 19.2% |
| Reported net income | (1,332) | 22.8 | (1,357.5) | 18.6 |
| Adjusted net income** | 1 110.0 | 768.1 | – | – |
| Reported Return on Equity (ROE) | (16.3%) | 0.2% | – | – |
| Adjusted Return on Equity (ROE)** | 13.6 | 7.8 | – | – |
| Distribution of profit | ||||
| Dividend | 0*** | 0 | ||
| Capital | 100%*** | 100% | ||
* without impairment charges for financial and non-financial assets
** adjusted net income and ROE - excluding extraordinary items
*** proposal of the Bank's Management Board before the Shareholder Meeting.
** adjusted net income and ROE - excluding extraordinary items
*** proposal of the Bank's Management Board before the Shareholder Meeting.