Bank Millennium

Last updated
Bank Millennium SA
FormerlyBank Inicjatyw Gospodarczych
Type Spółka Akcyjna
WSE:  MIL
Industry Finance and Insurance
PredecessorBIG Bank Gdański
Founded1989;35 years ago (1989)
Headquarters
Warsaw
,
Poland
Area served
Poland
Key people
Joao Bras Jorge CEO
Products Financial services
PLN 23m (2020)
Owner Portuguese Commercial Bank (50,1%)
Subsidiaries Euro Bank, Millennium Leasing, Millennium Dom Maklerski, Millennium Towarzystwo Funduszy Inwestycyjnych, Goodie, Millennium Bank Hipoteczny
Website https://www.bankmillennium.pl

Bank Millennium S.A. is a Poland-based commercial bank with headquarters in Warsaw, and owned by the Portuguese bank Millennium BCP. It is one of the largest banks in Poland and has been operating for 32 years. In 2018, it was the 7th bank in Poland in terms of asset value. [1]

Contents

History

A branch of Bank Millennium in Warsaw, Krakowskie Przedmiescie Street Oddzial 02 big.jpg
A branch of Bank Millennium in Warsaw, Krakowskie Przedmieście Street
A branch of Bank Millennium in Warsaw, Krakowskie Przedmiescie Street Bank Millennium Oddzial ul Krakowskie Przedmiescie Warszawa.jpg
A branch of Bank Millennium in Warsaw, Krakowskie Przedmieście Street
Financial Center in Katowice, Stawowa 13 Street Katowice-oddzial-Millennium-4-big.jpg
Financial Center in Katowice, Stawowa 13 Street

Bank Millennium SA was established in 1989 as Bank Inicjatyw Gospodarczych BIG SA. Initially, 98% of shares in it were owned by Warta, Poczta Polska, PZU, Universal and Transakcja foreign trade headquarters (KC PZPR and ZSMP), and 2% were held by natural persons. [2] In 1992 the Bank's shares—the first shares of a financial institution—debuted on the Warsaw Stock Exchange. In 1997 the Bank merged with Bank Gdański SA (1997). A year later in cooperation with its Portuguese shareholder and partner Banco Comercial Portugues (BCP), the Bank launched the Millennium retail service network. Today BCP holds 50.1% shares of Bank Millennium. [3] [4]

May 31, 2019 Bank Millennium S.A. took over Euro Bank as a result of acquiring about 99.79% of the shares that were bought from Société Générale. On September 10, 2019, the Polish Financial Supervision Authority (KNF) granted permission to merge banks. On October 1, 2019, there was a legal merger, Bank Millennium and Euro Bank became one bank. [5]

Operations

The bank offers its services through a network of branches, online, phone and mobile banking to personal customers (in Retail, Prestige and Private Banking segments), to sole traders and microbusinesses as well as medium and large companies in the corporate banking segment.

In 2020, the bank had over 2.6 million active individual customers. In its development strategy, the bank focuses on modern service channels. The number of clients actively using electronic banking exceeded 2 million in 2020, and from the Millenet mobile and mobile application 1.7 million (+ 18% y/y). [6]

Apart from the bank the most important companies in the Group are: Millennium Leasing (lease business), Millennium Dom Maklerski (brokerage business), Millennium TFI (mutual funds) and Millennium Goodie. The offerings of these companies complement the services and products offered by the bank. Joint Stock Company listed since 1992 on the Warsaw Stock Exchange in Warsaw. The bank's shares are included in WIG 30 and Respect Index indexes. [7] Bank Millennium is now included in the FTSE4Good Emerging Index, which comprises companies from more than 20 countries, which stand out in terms of environmental efforts, corporate social responsibility and corporate governance. [8]

Governing bodies

Management Board
Supervisory Board

The Bank in numbers

Shareholder structure

As of 30.12.2022, bank's main shareholders are:

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References

  1. ↑ Gawin, Mateusz (2017-03-24). "Raport PRNews.pl: Aktywa banków - IV kw. 2016". PRNews.pl (in Polish). Retrieved 2022-03-15.
  2. ↑ "Pierwsza fuzja tego weekendu już zakończona. Produkty klientów Euro Banku przeniesione do systemów Millennium". www.cashless.pl (in Polish). Retrieved 2022-03-15.
  3. ↑ "Klienci Indywidualni - Konta, pożyczki, kredyty mieszkaniowe, karty, lokaty - Bank Millennium". www.bankmillennium.pl (in Polish). Retrieved 2018-03-26.
  4. ↑ "Akcjonariusze - Relacje inwestorskie - Bank Millennium". www.bankmillennium.pl. Retrieved 2022-03-15.
  5. ↑ "Bank Millennium kupuje Euro Bank i zwiększa skalę działania". biznes.interia.pl (in Polish). Retrieved 2022-03-15.
  6. ↑ "Krótka charakterystyka Grupy Banku Millennium | Millennium Annual Report 2015". 2017-02-02. Archived from the original on 2017-02-02. Retrieved 2022-03-15.
  7. ↑ "Bank Millennium Annual Report". 21 March 2017. Retrieved 21 March 2017.[ permanent dead link ]
  8. ↑ "Investor relations - About the Bank - Bank Millennium". www.bankmillennium.pl. Retrieved 2018-03-26.
  9. ↑ "Władze Banku i ład korporacyjny". bankmillennium.pl.
  10. ↑ "Akcjonariusze - Relacje inwestorskie - Bank Millennium". www.bankmillennium.pl. Retrieved 2023-07-28.
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