Bank Millennium (MIL) AGM 2026 summary

Opening remarks and agenda

• Meeting officially opened in Warsaw, with voting conducted electronically and attendance confirmed at over 80% of share capital.

• Agenda included approval of financial statements, profit distribution, discharge of board members, remuneration policy, gender balance, and bylaw updates.

• Chairperson and voting procedures were established, with Robert Gawałkiewicz elected as Chair by unanimous vote.

Financial performance review

• Polish GDP growth projected at 3.6% for 2025, with strong sectoral deposit and credit growth.

• Net profit reached a record PLN 1.202 billion, up 67% year-on-year; adjusted profit at PLN 3.222 billion.

• Operational expenses rose 13% year-on-year; cost-to-income ratio at 35.8%.

• NPL ratio at a record low of 3.8%; provisions down 19%.

• Swiss franc mortgage settlements progressing, with 30,400 settlements concluded.

Board and executive committee updates

• Supervisory Board held 10 meetings, adopted 77 resolutions, and maintained high attendance and direct information flow with Management Board.

• Committees (Audit, Personnel, Risk) ensured effective supervision; composition updated post-elections.