Bank Millennium's Cost of Risk (loan loss provisions as % of total assets) amounted to 2.73% in the second quarter of 2023, down from 3.14% when compared to the previous quarter.
Historically, the bank’s cost of risk reached an all time high of 3.36% in 4Q2002 and an all time low of -0.403% in 4Q2011. The average cost of risk in the last six quarters amounted to 2.27%.
On the other hand, average asset yield was 7.30% in 2Q2023, up from 5.46% when compared to the same period last year. Cost of funding amounted to 2.78% in 2Q2023, up from 1.21%.
When compared to bank's main peers, PKO BP operated in the second quarter of 2023 with a cost of risk of 2.33% Pekao reached 0.404% and ING Bank Slaski some 0.346%.
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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