Poland’s Bank Millennium Q4 profit falls less than expected

GDANSK, Jan 30 (Reuters) – Poland’s Bank Millennium posted a 54% drop in fourth-quarter net result on Tuesday due to lower interest income and higher provisions for foreign currency mortgages, but beat market expectations aided by a 10% jump in operating income. The lender’s net result was 115 million zlotys ($28.5 million) in the last three months of the year, down from 249 million in the same period in 2022 but above analysts’ forecast of 104 million in a Reuters poll. Quarterly net interest income, adjusted for the cost of Poland’s mortgage “payment holiday” scheme, amounted to 1.28 billion zlotys, down from 1.35 billion a year earlier and below market expectations of 1.33 billion. Total provisions against legal risk related…