Information about preliminary results of Bank Millennium Capital Group in 2012 Financial Year

Main financial highlights of 2012 are as follows

Net profit improvement

Net Profit at PLN 472 million; grew by 1.2% y/y
ROE at 10.2%

Stable costs and record efficiency

Operating costs dropped 0.3% yearly
Cost-to-Income ratio: 55.3% in 4Q and 57.4% ytd
One of the best level of cost per branch and per employee

Good quality of loans maintained

Impaired loans ratio at 5.1% (versus market average of 8.8%)
Past-due loans over 90 days at 2.8%
Cost of risk at 58 bps over total net loans

Improved liquidity and capital position

Loan-to-Deposit ratio dropped to 95%
Total CAR at 14.5% and Core Tier 1 at 12.9% – first positive impact of IRB approval

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