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Wikipedia

Bank Millennium

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]

Bank Millennium SA
A branch of Bank Millennium in Katowice
FormerlyBank Inicjatyw Gospodarczych
Company typeSpółka Akcyjna
WSE: MIL
IndustryFinance and Insurance
PredecessorBIG Bank Gdański
Founded1989; 35 years ago (1989)
Headquarters,
Area served
Poland
Key people
Joao Bras Jorge CEO
ProductsFinancial services
PLN 23m (2020)
OwnerPortuguese Commercial Bank (50,1%)
SubsidiariesEuro Bank, Millennium Leasing, Millennium Dom Maklerski, Millennium Towarzystwo Funduszy Inwestycyjnych, Goodie, Millennium Bank Hipoteczny
Websitehttps://www.bankmillennium.pl

History edit

 
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. 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 edit

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 edit

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[9]

The Bank in numbers edit

  • Assets: 97.1 bn PLN
  • Equity: 9.091 bn PLN
  • Total deposits: 81.5 bn PLN
  • Total loans: 74.088 bn PLN
  • Net profit: 23 mil PLN
  • Return on Equity (ROE): 0.2%
  • Total Capital Ratio (TCR): 19.5%

Shareholder structure edit

As of 30.12.2022, bank's main shareholders are:

References edit

  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. ^ . 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.

External links edit

  • Official website  
  •   Media related to Bank Millennium at Wikimedia Commons

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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 Bank Millennium SAA branch of Bank Millennium in KatowiceFormerlyBank Inicjatyw GospodarczychCompany typeSpolka AkcyjnaTraded asWSE MILIndustryFinance and InsurancePredecessorBIG Bank GdanskiFounded1989 35 years ago 1989 HeadquartersWarsaw PolandArea servedPolandKey peopleJoao Bras Jorge CEOProductsFinancial servicesNet incomePLN 23m 2020 OwnerPortuguese Commercial Bank 50 1 SubsidiariesEuro Bank Millennium Leasing Millennium Dom Maklerski Millennium Towarzystwo Funduszy Inwestycyjnych Goodie Millennium Bank HipotecznyWebsitehttps www bankmillennium pl Contents 1 History 2 Operations 3 Governing bodies 4 The Bank in numbers 5 Shareholder structure 6 References 7 External linksHistory edit nbsp A branch of Bank Millennium in Warsaw Krakowskie Przedmiescie Street nbsp A branch of Bank Millennium in Warsaw Krakowskie Przedmiescie Street nbsp Financial Center in Katowice Stawowa 13 StreetBank 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 Gdanski 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 Societe Generale 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 editThe 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 editManagement BoardJoao Bras Jorge Chairman of the Management Board Fernando Bicho Deputy Chairman of the Management Board Wojciech Haase Member of the Management Board Andrzej Glinski Member of the Management Board Antonio Pinto Member of the Management Board Wojciech Rybak Member of the Management Board Jaroslaw Hermann Member of the Management BoardSupervisory BoardBoguslaw Kott Chairman Nuno Manuel da Silva Amado Deputy Chairman Dariusz Rosati Deputy Chairman and Secretary Miguel de Campos Pereira de Braganca 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 Jedrys Member of the Supervisory Board independent member Andrzej Kozminski Member of the Supervisory Board Miguel Maya Dias Pinheiro Member of the Supervisory Board Lingjiang Xu Member of the Supervisory Board Jose Miguel Bensliman Schorcht da Silva Pessanha Member of the Supervisory Board Alojzy Nowak Member of the Supervisory Board 9 The Bank in numbers editAssets 97 1 bn PLN Equity 9 091 bn PLN Total deposits 81 5 bn PLN Total loans 74 088 bn PLN Net profit 23 mil PLN Return on Equity ROE 0 2 Total Capital Ratio TCR 19 5 Shareholder structure editAs of 30 12 2022 bank s main shareholders are Banco Comercial Portugues 50 10 10 Nationale Nederlanden OFE 8 90 Allianz Polska OFE 7 98 OFE PZU Zlota Jesien 5 56 References edit Gawin Mateusz 2017 03 24 Raport PRNews pl Aktywa bankow IV kw 2016 PRNews pl in Polish Retrieved 2022 03 15 Pierwsza fuzja tego weekendu juz zakonczona Produkty klientow Euro Banku przeniesione do systemow Millennium www cashless pl in Polish Retrieved 2022 03 15 Klienci Indywidualni Konta pozyczki kredyty mieszkaniowe karty lokaty Bank Millennium www bankmillennium pl in Polish Retrieved 2018 03 26 Akcjonariusze Relacje inwestorskie Bank Millennium www bankmillennium pl Retrieved 2022 03 15 Bank Millennium kupuje Euro Bank i zwieksza skale dzialania biznes interia pl in Polish Retrieved 2022 03 15 Krotka charakterystyka Grupy Banku Millennium Millennium Annual Report 2015 2017 02 02 Archived from the original on 2017 02 02 Retrieved 2022 03 15 Bank Millennium Annual Report 21 March 2017 Retrieved 21 March 2017 permanent dead link Investor relations About the Bank Bank Millennium www bankmillennium pl Retrieved 2018 03 26 Wladze Banku i lad korporacyjny bankmillennium pl Akcjonariusze Relacje inwestorskie Bank Millennium www bankmillennium pl Retrieved 2023 07 28 External links edit nbsp Banks portalOfficial website nbsp nbsp Media related to Bank Millennium at Wikimedia Commons Retrieved from https en wikipedia org w index php title Bank Millennium amp oldid 1195360789, wikipedia, wiki, book, books, library,

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