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 35 years. In 2018, it was the 7th bank in Poland in terms of asset value.[1][better source needed]
History
A branch of Bank Millennium in Warsaw, Krakowskie Przedmieście StreetA branch of Bank Millennium in Warsaw, Krakowskie Przedmieście StreetFinancial 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
Joao Bras Jorge – Chairman of the Management Board
Fernando Bicho – Deputy Chairman of the Management Board
Wojciech Haase – Member of the Management Board
Megan Hardman – 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
