Basic information and Bank's Strategy

Basic Information

Bank Millennium was established in 1989 as Bank Inicjatyw Gospodarczych. In 1997 it changed its name to BIG Bank GDAŃSKI and in 2003 to the present name. Bank Millennium is a nationwide universal bank, offering its services to all market segments through a network of branches, individual advisors and electronic banking.

We have built our knowledge of the Polish financial market upon the many years of experience in providing services to corporate and individual customers, enriched by the financial know-how and international expertise contributed by Banco Comercial Portugues (Millennium bcp) - Portugal's largest commercial bank and Bank Millennium's strategic shareholder (owner of 50.10% of the Bank's shareholding).
The Bank is the core of the Bank Millennium Group, which also comprises: Millennium Leasing, Millennium Dom Maklerski, Millennium Towarzystwo Funduszy Inwestycyjnych. Thanks to its subsidiaries and partners the Bank has for many years been present on all financial markets, thus delivering to Customers comprehensive financial services, all in one institution.

The mission of Bank Millennium SA is to consistently implement the programme of strengthening its development and market position. The Bank's goal, stemming from its mission, is to continuously increase the Shareholders value, deliver premium quality universal financial services to all the Customer groups and live up to the development challenges of Poland's financial services market.

Bank Millennium is listed on the Warsaw Stock Exchange since 1992, first Bank ever to float its shares on the WSE.
In February 2010 the issue of rights to L-series shares under public offering was effectively concluded. The tranche available to the minority shareholders was taken up in full and oversubscribed four times. Individual investors performed over 6 thousand subscriptions for the Bank's shares. As a result of the issue, the bank increased its own capital by more than 1 billion PLN, thus strengthening its solvency ratio, both for the bank solo and the Group in order to support the implementation of the new business strategy for 2010-2012. Then, in 2012 the bank has updated strategy for years 2013-2015.

With 2013-15 strategy directions implemented and largely achieved, and taking into consideration the changes in macroeconomic, regulatory and customer trends environment, Bank Millennium performed a strategy update review for the next 3 years.