Bank Millennium's net interest margin amounted to 4.67% in the second quarter of 2023, up from 4.49% when compared to the previous quarter.
Historically, the bank’s net interest margin reached an all time high of 5.41% in 2Q2008 and an all time low of -0.773% in 4Q2000. The average margin in the last six quarters amounted to 3.57%.
Average asset yield was 7.30% in 2Q2023, up from 5.46% when compared to the same period last year. On the other hand, 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 net interest margin of 3.88% Pekao reached 4.12% and ING Bank Slaski some 3.61%.
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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