Bank Millennium, the Polish unit of Portuguese Bank Banco Comercial Português (BCP), announced a loss of 200.3 million zlotys in the second quarter of this year, equivalent to about 43.73 million euros, a better result than the previous year. than expected, analysts interviewed by Bloomberg.
This quarterly net result is also higher than expected by CaixaBank BPI analysts, who pointed to a loss of 61 million euros. In terms of global operation, The investment bank expects BCP records a loss of 60 million euros in the second quarter of this yearAfter profits amounted to 40 million euros for the same period last year.
Millennium Bank, 50.1% owned by BCP, Creation of provisions in the amount of 460.1 million zlotys (102.1 million euros) For legal risks related to the foreign currency mortgage loan portfolio. The subject of the controversy is the loans of the Swiss franc, which has already led to several lawsuits in Poland.
In addition, an additional provision of 53.6 million PLN (11.89 million euros) will be made “for legal risks related to the credit portfolio created by the Eurobank, but without affecting the net result”.
Between January and June, the Polish unit extended its losses to 512 million zlotys, or 111.78 million euros.
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