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Poland
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

BANK MILLENNIUM S.A.

Main Activities: Banking and Credit Intermediation

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Company Information

Full name
BANK MILLENNIUM S.A.

Previous name(s)
BIG Bank Gdanski S.A. (2002)
Bank Inicjatyw Gospodarczych BIG S.A.

Headquarters
ul. Zaryna 2A; Warszawa; Mazowieckie; 02-593
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
ISIN CODE : PLBIG0000016
NIP: 5260212931
KRS: 0000010186
REGON: 001379728
Financial Auditors: KPMG (2012)
Total Employees: 5,886

Tel: (0-22) 598-40-40, (0-801) 331-331

Company Description

MILLENNIUM BANK is the sixth largest bank in Poland in 2010, according to the value of the total assets, and the eighth by value of total revenues. Bank Millennium is a nationwide universal bank, offering its services to all market segments via a network of branches, individual advisors and electronic banking.

Company Analysis

According to the Consolidated - Non-Audited financial statement for the first three cumulated quarters of 2012, total net operating revenues increased with 13.58%, from PLN 2,643,857 thousands to PLN 3,002,893 thousands. Operating result decreased from PLN 432,979 thousands to PLN 430,193 thousands which means -0.64% change. The results of the period increased 1.44% reaching PLN 346,316 thousands at the end of the period against PLN 341,395 thousands last year. Return on equity (Net income/Total equity) went from 7.70% to 7.41%, the Return On Asset (Net income / Total Asset) went from 0.68% to 0.66% and the Net Profit Margin (Net Income/Net Sales) went from 12.91% to 11.53% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 1017.86% compared to 1027.80% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 3.20 to 6.98 when compared to the previous year.

Key Executives

Boguslaw Kott President
Artur Klimczak Vice President
Fernando Bicho Vice President
Joao Bras Jorge Vice President
Andrzej Glinski Management Board Member
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2013 Q1
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2012 Y
(cons)
Non-Audited Audited
CorporateDB/Notoria CorporateDB/Notoria
Unit Thousands Thousands
Balance Sheet

Total Assets

56,604,429

52,742,499

Current Assets

11,260,246

9,234,452

Total Liabilities

51,650,857

47,918,329

Shareholders Equity

4,953,572

4,824,170

Current Liabilities

1,373,890

848,817

* All the accounts are in PLN.
Income Statement

Total Operating Revenue

962,806

4,076,983

Operational Profit (Loss)

152,266

593,756

Net Profit (Loss)

120,024

472,181

* All the accounts are in PLN.
Ratios
Profitability Ratios

Return on Assets (ROA)

0.21%

0.9%

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

152,266

593,756

EBITDA

152,266

593,756

Bookvalue (BV)

7,025,755

6,333,886

Leverage Ratios

Debt to total assets

87.59%

87.99%

Trend Ratios

Net Income Trend

109.01%

101.23%