Current reports

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October 2022

Current Report No. 27/2022

The Management Board of Bank Millennium S.A. (‘the Bank’) informs that it took a decision to create in its 3rd quarter 2022 accounts, PLN 447 million of provisions for legal risk connected with FX mortgage loans originated by the Bank. Additionally, PLN 51 million worth of provisions were created against legal risk related to the loan book originated by former Euro Bank S.A. but without a bottom line impact. The provisions reflect trends in court decisions, inflow of new court cases and resultant implications for the Bank’s legal risk assessment methodology.

See more -Significant items impacting 3rd quarter 2022 financial results

August 2022

Current Report No. 26/2022

The Management Board of Bank Millennium S.A. ("Bank") announces that on 31st August 2022, due to the unfavourable market situation, it decided not to exercise the Bank's right to early redemption on 8 December 2022 of series R subordinated bonds with a nominal value of 700,000,000 PLN.

See more -Information on the non-use by Bank Millennium S.A. of the right to early redemption of series R subordinated bonds 31.08.2022

Current Report No. 25/2022

Bank Millennium S.A’s (‘Bank’) Management Board informs that on August 5, 2022 Fitch Ratings rating agency (‘Fitch’) downgraded Bank’s long-term and short-term ratings to following levels:
Long-term Issuer Default Rating (IDR) to 'BB' (previously 'BBB-'). The Outlook is Stable,
Short-term Issuer Default Rating (IDR) to ‘B’ (previously ‘F3’),
Bank's Viability Rating (VR) to 'bb' (previously 'bbb-'),
National Long-term Rating to 'BBB+(pol)' (previously ‘A(pol)’).
The National Short-term Rating has been affirmed at ‘F1(pol)’.

See more -Change of Bank Millennium’s ratings by Fitch rating agency

July 2022

Current Report No. 24/2022

Further to the first notice provided by way of current report No. 16/2021 dated 10 May 2021, supplemented by current report No. 26/2021 dated 10 August 2021, and the second notice provided by way of current report No. 7/2022, the management board of Bank Millennium S.A., with its registered seat at ul. Stanisława Żaryna 2A, 02-593 Warsaw, entered in the Register of Business Entities kept by the District Court for the Capital City of Warsaw in Warsaw, XIII Commercial Division of the National Court Register, under KRS No. 0000010186, NIP 526-02-12-931, with a paid-up share capital in the amount of PLN 1,213,116,777.00 (the “Bank”), hereby gives notice of the division of Millennium Dom Maklerski S.A., with its registered seat in Warsaw, address: ul. Stanisława Żaryna 2A, 02- 593 Warsaw, entered in the Register of Business Entities kept by the District Court for the Capital City of Warsaw in Warsaw, XIII Commercial Division of the National Court Register, under KRS No. 0000053322 (“MDM” or the “Divided Company”) (the “MDM Division”).

See more -Execution of the division of Millennium Dom Maklerski S.A.

Current Report No. 23/2022

In execution of the Decision of the Polish Securities and Exchange Commission (at present the Polish Financial Supervision Authority), of 3.01.2001, amended with decisions dated 22.05.2001 and 13.01.2004, on granting approval to transfer outside the regulated market 87,594 common bearer shares of Bank Millennium S.A. ("Bank"), obliging the Bank to disclose by announcement in the form of current reports, two times a year i.e. by 31.01 and 31.07, the terms and conditions of the transaction to swap shares of the former BIG BANK S.A. (previously: Łódzki Bank Rozwoju S.A.) into shares of the Bank (previously: BIG Bank GDAŃSKI S.A.), in connection with the merger of both banks on 5.01.2001, in the half of the year preceding the announcement, The Management Board of the Bank informs that during the period from 1.01.2022 to 30.06.2022 no transfer of Bank's bearers shares took place outside the regulated market onto the shareholders of the former BIG BANK S.A., in exchange for shares of the former BIG BANK S.A.

See more -Information on swap of the former BIG BANK SA shares into Bank Millennium S.A. shares.

Current Report No. 22/2022

Bank Millennium S.A’s (‘Bank’) Management Board informs that on July 20, 2022 Moody’s rating agency (‘Moody’s’) downgraded Bank’s long-term and short-term ratings to following levels:

See more -Change of Bank Millennium’s ratings by Moody’s rating agency

Current Report No. 21/2022

The Management Board of Bank Millennium S.A. (‘the Bank’) informs that, following the signing by the President of the Republic of Poland and announcement in the Journal of Laws of the Republic of Poland on the same day of the Act of 7 July 2022 on crowdfunding for business ventures and assistance to borrowers (‘the Act’), introducing, among others, a possibility of up to 8 months of credit holidays in 2022-2023 for PLN mortgage borrowers, the Bank estimated the maximum impact of the implementation of this Act for Bank Millennium S.A. Capital Group (‘the Group’) level at PLN1,779 million (of which PLN 1,731 million at solo level and PLN48 million at Millennium Bank Hipoteczny S.A. level) if all eligible Group’s borrowers were to use such an opportunity. The Group / Bank expects to recognise an upfront cost in 3 rd quarter 2022 results in the range between 75-90% of the above amounts. The impact of each 10% of eligible borrowers fully using the credit holidays is estimated at PLN178 million at the Group level.

See more -Information on expected negative impact of credit holidays on 3 rd quarter 2022 results of Bank Millennium S.A. Capital Group and on launching of the Recovery Plan.

Current Report No. 20/2022

The Management Board of Bank Millennium S.A. (‘the Bank’) informs that it took a decision to create in its 2 nd quarter 2022 accounts, PLN 467.4 million of provisions for legal risk connected with FX mortgage loans originated by the Bank. Additional PLN 48.0 million provisions will also be created against legal risk related to the loan book originated by former Euro Bank S.A. but without a bottom line impact. The provisions reflect the continuing negative trends in court decisions, inflow of new court cases and resultant changes in the Bank’s legal risk assessment methodology.

See more -Creation of additional provisions against legal risk related to FX mortgage loans portfolio

June 2022

Current Report No. 19/2022

Management Board of Bank Millennium S.A. (the Bank) informs that on 7 June 2022 it received information that the Management Boards and Supervisory Boards Alior Bank S.A., Bank Millennium S.A. Bank Polska Kasa Opieki S.A., BNP Paribas Bank Polska S.A., ING Bank Śląski S.A., mBank S.A., Powszechna Kasa Oszczędności Bank Polski S.A., Santander Bank Polska S.A. (Member Banks) passed resolutions on consenting to submitting an application to the Polish Financial Supervision Authority for approval and recognition of the protection scheme, the members of which are banks operating in the form of a joint-stock company together with the draft agreement on the protection scheme, i.e. Member Bank’s participation in the creation of the protection scheme referred to in Article 4(1)(9a) of the Banking Law Act of 29 August 1997 (Banking Law).

See more -Consent on participation in the creation of the protection scheme referred to in Article 4.1.9a of the Banking Law Act of 29 August 1997

May 2022

Current Report No. 18/2022

Management Board of Bank Millennium S.A. („Bank”) informs, that it received from the: Chairman of the Management Board – Mr. Joao Bras Jorge, Deputy Chairman of the Management Board – Mr. Fernando Cardoso Rodrigues Bicho, Member of the Management Board – Mr. Andrzej Gliński, Member of the Management Board – Mr. Wojciech Haase, Member of the Management Board – Mr. Jarosław Hermann, Member of the Management Board – Mr. Antonio Ferreira Pinto Junior, Member of the Management Board – Mr. Wojciech Rybak, notifications on the purchase of the Bank’s shares. The notifications have been enclosed thereto. The transactions referred to in the notifications, are linked with the vesting to the deferred tranches of the Bank’s shares, granted in 2020 and 2022 under motivation programme realized in the Bank.

See more -Notification on purchase of Bank Millennium S.A. shares made by persons discharging managerial responsibilities