more settlements with frankers than lawsuits. The worst year in the history of the bank

After three quarters of 2021, the net loss of the Bank Millennium group amounted to PLN 823 million. All because of the costs related to franchise holders.

CJEU judgments meant that banks usually lose in court with their clients who inadvertently took a foreign currency loan years ago to buy a flat. Were it not for the costs of losing hearings and settlements with those franchise holders who did not go to court, Millennium’s net profit would have amounted to PLN 791 million. This means that over one and a half billion zlotys went into costs related to franchise holders.

About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

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