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Bank Millennium

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Bank Millennium SA
Company typeSpółka Akcyjna
WSEMIL
IndustryFinance and Insurance
Founded1989
Headquarters,
Key people
Joao Bras Jorge CEO
ProductsFinancial Services
PLN 681m
Websitehttps://www.bankmillennium.pl

Bank Millennium S.A. is a Poland based commercial bank with headquarters in Warsaw. It is one of the largest banks in Poland and has been operating for 28 years. The strategical investor of the bank is Banco Comercial Português (BCP).

History

A branch of Bank Millennium in Katowice
A branch of Bank Millennium in Warsaw, Krakowskie Przedmieście Street
A branch of Bank Millennium in Warsaw, Krakowskie Przedmieście Street
Financial Center in Katowice, Stawowa 13 Street

Bank Millennium SA was established in 1989 as Bank Inicjatyw Gospodarczych BIG SA. 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.[1]

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 2017 the Bank had more than 1.6 million active personal Customers and 13,000 corporate Customers who have 24/7 access to modern financial services thanks to the nationwide network of close to 360 branches and latest technologies (online, phone, mobile banking). The number of customers actively using e-banking exceeded 1.1 million in 2017 and was 17% higher than in the same period of 2016. Mobile banking as of end of September 2016 had 711 000 users (which means 39% growth y/y). 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 offering of these companies complements 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.[2] Bank Millennium is now included in the FTSE4Good Emerging Index, that comprises companies from more than 20 countries, which stand out in terms of environmental efforts, corporate social responsibility and corporate governance.[3]

Governing bodies

Management Board
  • Joao Bras Jorge – Chairman of the Management Board
  • Fernando Bicho – Deputy Chairman of the Management Board
  • Wojciech Haase - Member of the Management Board
  • Andrzej Gliński - Member of the Management Board
  • Antonio Pinto - Member of the Management Board
  • Wojciech Rybak - Member of the Management Board
  • Jarosław Hermann - Member of the Management Board
Supervisory Board
  • Bogusław Kott – Chairman,
  • Nuno Manuel da Silva Amado – Deputy Chairman,
  • Dariusz Rosati - Deputy Chairman and Secretary,
  • Miguel de Campos Pereira de Bragança - Member of the Supervisory Board
  • Agnieszka Hryniewicz-Bieniek -Member of the Supervisory Board (independent member)
  • Anna Jakubowski - Member of the Supervisory Board (independent member)
  • Grzegorz Jędrys - Member of the Supervisory Board (independent member)
  • Andrzej Koźmiński - Member of the Supervisory Board
  • Miguel Maya Dias Pinheiro - Member of the Supervisory Board
  • Lingjiang Xu - Member of the Supervisory Board
  • José Miguel Bensliman Schorcht da Silva Pessanha - Member of the Supervisory Board
  • Alojzy Nowak - Member of the Supervisory Board[4]

The Bank in numbers

  • Assets: PLN 71,141m
  • Equity: PLN 7,772m
  • Total deposits: PLN 57,273m
  • Total loans: PLN 47,411m
  • Net profit: PLN 681m
  • Return on Equity (ROE): 9.3%
  • Total Capital Ratio (TCR): 22%

References

  1. ^ "Klienci Indywidualni - Konta, pożyczki, kredyty mieszkaniowe, karty, lokaty - Bank Millennium". www.bankmillennium.pl (in Polish). Retrieved 2018-03-26.
  2. ^ "Bank Millennium Annual Report". 21 March 2017. Retrieved 21 March 2017. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  3. ^ "Investor relations - About the Bank - Bank Millennium". www.bankmillennium.pl. Retrieved 2018-03-26.
  4. ^ "Władze Banku i ład korporacyjny". bankmillennium.pl.

External links