BCP’s polish bank put aside €115 million in Q4
BCP’s Bank Millennium in Poland set aside an estimated €115 million in provisions for the fourth quarter of 2025 for legal risks associated with mortgage loans.
According to a communiqué sent to the Portuguese securities market regulator, CMVM, the bank “informs that the preliminary estimate of the constitution of provisions for legal risk, in the 4th quarter of 2025, related to mortgage loans in foreign currency originated by Bank Millennium amounts to 487 million zlotys [€115 million]”.
In addition, it indicated that “provisions of 47 million zlotys [€11 million] will also be made in the fourth quarter of 2025 for legal risks related to the credit portfolio originated by Euro Bank, but without impacting net results”. The bank said that the “final amount of provisions for legal risks in the results for the 4th quarter of 2025 and 2025 as a whole would be disclosed in the 2025 report, scheduled for February 27, 2026.”
For the first nine months of 2025 (9M 2025), Bank Millennium in Poland reported strong growth, with net profit reaching 855 million zlotys (a 56% increase), driven by reduced provisions for Swiss franc (CHF) mortgages and increased lending, despite ongoing costs from FX-mortgage risks. The bank saw solid performance in retail and corporate segments, expanding its digital offerings and increasing active clients, all while adhering to its ‘2028 Value & Growth Strategy.
