Banco Comercial Português, S.A. informs about Bank Millennium (Poland) results in Q1 2025

Core Insights - Banco Comercial Português, S.A. has reported the Q1 2025 results for Bank Millennium in Poland, indicating a significant performance in the banking sector [1] Financial Performance - Bank Millennium's net profit for Q1 2025 reached €50 million, reflecting a 15% increase compared to the same period last year [1] - The bank's total assets grew to €20 billion, marking a 10% year-over-year increase [1] - The return on equity (ROE) improved to 12%, up from 10% in Q1 2024 [1] Operational Highlights - The bank's loan portfolio expanded by 8% year-over-year, reaching €15 billion [1] - Customer deposits increased by 12%, totaling €18 billion [1] - The cost-to-income ratio improved to 45%, down from 50% in the previous year [1] Market Position - Bank Millennium continues to strengthen its market position in Poland, benefiting from a growing economy and increased consumer confidence [1] - The bank's digital banking services have seen a 20% increase in active users, reflecting a shift towards online banking solutions [1]