Millennium Bank Romania has reduced its losses by 25.8 percent in the first nine months of this year, to EUR 13.5 million, down from the level of EUR 18.2 million reported in the same period in 2010, according to the mother-bank, Millennium bcp.

Millennium Bank’s volume of loans went up by 15.7 percent, to EUR 373 million. The bank reported a volume of loans of EUR 322 million at the end of the third quarter in 2010. Also, the bank’s number of units dropped from 74 to 66.

Millennium Bank Romania is part of the Portuguese Millennium bcp Group.

Irina Popescu, irina.popescu@romania-insider.com