The Management Board of Bank Millennium S.A. (‘the Bank’) informs that the estimated level of 3rd quarter 2023 provisions for legal risk connected with FX mortgage loans originated by the Bank amounts to PLN 673 million. Additionally, PLN 71 million worth of provisions are estimated to be created against legal risk related to the loan book originated by former Euro Bank S.A. without a bottom line impact.

Assuming the above mentioned estimation of provisions and no other unexpected events, and taking into consideration the continuation of positive results from the core business activity, the Management Board expects the Bank to post a positive net result in 3rd quarter 2023.

Final value of legal risk provisions in the 3rd quarter 2023 and financial results will be disclosed in the 3rd quarter report scheduled for October 27, 2023.

Legal basis:
art. 17 section 1 MAR – confidential information