09.01.2003
BIG Bank GDAŃSKI SA changed its name to Bank Millennium SA
BIG Bank GDAŃSKI SA hereby announces that on 8 January 2003 it received decision of the Warsaw District Court, the 19th Business Section of the National Court Registry, on the registration of the amendment in the Bank's Articles of Association, consisting in the Bank's name change.
Therefore, on 8 January 2003, BIG Bank GDAŃSKI SA changed its name into Bank Millennium SA.
The change of the bank's name concludes the key implementation stage of its new development strategy. Its main elements included: introduction of the new market segmentation and establishment of specialized business lines, implementation of the modern operating system, reconstruction of the sales network and the development of automatic distribution channels and reorganization of support services. These changes allowed the bank to extend its offer and ensure considerable improvement in the quality of service provided to its customers by separate business lines: Millennium (services to individual customers), Millennium Biznes (services to small businesses), Millennium PRESTIGE (private banking) and Bank Millennium Corporate Banking (services for large and small corporates).
The change in the Bank's name does not require any modification of agreements concluded between the bank and its customers, and does not modify the current principles for the cooperation with its clients and partners.
The decision to change the bank's name was preceded by specialized marketing research carried out among its clients. The research showed that the name Bank Millennium provides a more complete reflection of values offered by the bank, is synonymous with cutting-edge financial services, and is highly acceptable as the name for a bank with the universal structure of services and products.
Additionally, the Bank Millennium name - as the "umbrella brand" - introduces order into the structure of Millennium family brands used by respective business lines of the bank, and forms a new area for joint marketing activities.
Combing the best traditions of Bank Gdański S.A., Bank Inicjatyw Gospodarczych BIG S.A., BIG BANK S.A. and BIG Bank GDAŃSKI SA with the modern Millennium banking concept, Bank Millennium will focus on the execution of the accepted development program, which assumes the creation of shareholder value and offering modern and convenient financial services to its clients.