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Bank Millennium appreciated again for supporting culture during the pandemic

For the sixth time now Bank Millennium was hailed Dźwigacz Kultury (Uplifter of Culture) by Kraków Festival Bureau for sponsoring the Sacrum Profanum festival. This is yet another award this year for the bank for supporting cultural events.

You may now open Bank Millennium Personal Account in open banking

Bank Millennium has offered a new fully online opening for Konto 360° account. You may confirm your identity by logging-on to another bank. It is yet another application of open banking by the bank.

Bank Millennium named an Innovator 2021 according to Global Finance Magazine

Bank Millennium open banking services received Special Honours in The Innovators 2021 recognition programme organised by the Global Finance magazine. This is yet another international award for the bank’s innovative solutions.

Strong operating results from core business. Financial results lowered by significant provisions for foreign currency loans

Consolidated results of the Bank Millennium Group for 1st quarter of 2021
Bank Millennium S.A. Capital Group posted consolidated net loss of PLN311 million in 1Q21. Substantial provisions against legal risk related to FX-mortgage portfolio totalling PLN 533 million (portfolio originated by the Bank PLN512 million, portfolio of former Euro Bank PLN21 million) were the main drag on the results. More conservative inputs into the risk model, reflected, inter alia, more challenging environment - higher inflow of court claims and lower proportion of cases won by banks. At the end of March 2021, the balance of provisions for the portfolio originated by the Bank stood at PLN1,432 million, an equivalent of 10.8% of exposure. Excluding FX-provisions, the Group would post net profit of PLN182 million (up 24% vs. adjusted 1Q20 net profit). Moreover, reported operating profit amounted to PLN444 million, marginally below this in 4Q19, while operating profit before FX-provisions would amount to PLN363 million, only 7% below this in 4Q19, indicating that the Group has largely weathered the direct and indirect impacts of the pandemic.

Millennium Dom Maklerski S.A. joins forces with Bank Millennium

Information on the project of integrating brokerage activity within the Bank Millennium Group.
On 10 May 2021 the Management Boards of Bank Millennium and Millennium Dom Maklerski decided about the planned split-up of Millennium Dom Maklerski where Bank Millennium is the acquiring company. It is the first step towards transferring all of the brokerage business to the Bank and integrating brokerage services within one company. The merger is planned for the turn of 2021/2022.

New television commercial of Bank Millennium Cash Loan

The new Cash Loan TV commercial from Bank Millennium (APR 15.32%) has gone on air, again featuring Radek Kotarski, in whose company this time we will go to a cafe.

Good practices of Bank Millennium in the Responsible Business Forum report

Already 27 actions launched by Millennium Bank for the society and natural environment have been appreciated in the “Responsible Business in Poland” reports published by the Responsible Business Forum (FOB). From among the actions implemented in 2020 the following were distinguished: Providing funding for the first Polish COVID-19 test, Setting up the COVID-19 Infection Support Fund for Employees, programmes #zostanwdomu (stay at home) and online Financial education for pre-schoolers and their parents.

Bank Millennium is the best bank in Poland according to Global Finance Magazine

Bank Millennium was hailed the Best Bank in Poland in the 28th Best Bank Awards competition organised by Global Finance Magazine.

Record-setting March in goodie cashback

In March this year users of goodie cashback made transactions with the highest value in the history of the programme – close to 57,7 mln PLN.

Millennium Docs Against Gravity among Golden Banker’s top three

Millennium Docs Against Gravity documentary films festival, supported since 15 years by Bank Millennium together with last year’s Docs Against Isolation event won popular recognition in this year’s edition of the Golden Banker plebiscite, coming second on the podium in the “Socially sensitive bank” category.

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