- 2022 was a difficult year, full of unforeseen events. Russia's attack on Ukraine, double-digit inflation, interest rate increases, huge losses of banks due to statutory credit holidays... all this had an impact on the Bank's results. Despite this, and despite record burdens of regulatory costs, taxes and provisions for CHF loans, we ended the year with a positive result (+249 mln PLN in Q4). After excluding the costs related to foreign currency mortgage loans, the costs of credit holidays and after adding hypothetical bank tax, the net result in the entire 2022 would amount to +2241 mln PLN. This shows the strength of the business model, which allows for development and consistent revenue generation. This would not have been possible without a fantastic team of employees who co-created these achievements with their daily commitment.
In 2022, we were still open to amicable solutions of the issue of loans in Swiss francs – we concluded 7,943 individually negotiated settlements, and since 2020, when we launched the process, nearly 18,000 settlements. As a result, the number of active foreign currency mortgage loans decreased in 2022 by close to 9600 (there are now 38011), which is a very good result in an extremely unfavourable environment. We have been consistently following the strategy for 2022-24, implemented several important initiatives, and completed several important tasks embodying the idea of sustainable development, i.a. we have achieved the goal of reducing our own greenhouse gas emissions by 50% in Scope 1 and 2 compared to 2020. In the ESG area, we also continued work related to expanding the offer of green products, and after the outbreak of the war in Ukraine, in a gesture of solidarity, we introduced many facilitations for Ukrainian citizens, and the entire Millennium community joined in helping refugees - said Joao Bras Jorge, Chairman of the Management Board of Bank Millennium.
The Ordinary General Meeting of Shareholders considered and adopted, inter alia the following resolutions:
- in the matter of approval for fiscal year 2022 of: the financial report of Bank Millennium S.A. and combined Management Board Report on the activity of Bank Millennium S.A. and Bank Millennium S.A. Capital Group and the combined ESG report of Bank Millennium S.A. and Bank Millennium S.A. Capital Group
- in the matter of approving the financial report of the Bank Millennium S.A. Capital Group for fiscal year 2022
- in the matter of approving the annual report of the Supervisory Board of Bank Millennium S.A. in 2022 as well as on the assessment of the remuneration policy in Bank Millennium S.A.
- on the coverage of the loss for fiscal year 2022.
The General Meeting discharged all members of the Management Board of Bank Millennium S.A. and members of the Supervisory Board of Bank Millennium S.A. from performance of their duties in 2022 financial year, expressed a positive opinion on the Supervisory Board's report on the remuneration of members of the Management Board and the Supervisory Board of the Bank and approved the Policy of selection and assessment of suitability of members of the Supervisory Board of Bank Millennium S.A.
Also changes were made in the Articles of Association of Bank Millennium S.A.
The full wording of resolutions of the Ordinary General Shareholders’ Meeting of Bank Millennium is available on the Bank’s website: https://www.bankmillennium.pl/o-banku/walne-zgromadzenia-akcjonariuszy.
The proceedings were also broadcast online.