Bank Millennium's non-performing loans reached 4.46% of total loans at the end of 2023-06-30, up from 4.23% compared to the previous year. Historically, the NPL ratio hit an all time high of 6.04% in 2010-03-31 and an all time low of 3.00% in 2008-09-30.
Provision coverage amounted to 73.0% at the end of 2023-06-30, up from 67.7% compared to a year earlier.
The bank created loan loss provisions worth of 4.19% of average loans in 2023-06-30. That's compared to 3.44% of loans the bank put aside to its cost on average in the last five years.
Comparing Bank Millennium with its closest peers, PKO BP operated at the end of 2023-06-30 with NPL ratio of 3.81% and provision coverage of 113%, Pekao with 6.07% and 102% respectively and ING Bank Slaski had 2.59% of bad loans covered with 86.9% by provisions at the end of 2023-06-30.
You can see all the bank’s data at Bank Millennium Profile, or you can download a report on the bank in the report section.
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