BRIEF-Poland's Millennium Q3 net unlikely to improve y/y

July 26, 2016 9:04 AM

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* Poland's Bank Millennium CEO said on Tuesday that he would not expect net profit in the third quarter this year to match the result from the same period in 2015 due to the negative impact of bank tax.

* "We will recover part of the (negative effect) of the banking tax, but it is not realistic to expect the same situation," Joao Bras Jorge told a news conference.

Also read: Abu Dhabi Commercial Bank Q3 net profit falls 17 pct

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