Goodie platform from Bank Millennium in 2022 registered record breaking results. Users executed more than 5 million transactions with goodie cash back. Thereby, they received as much as 14 mln PLN refund for their shopping.

For Bank Millennium, 2022 was a period of implementation of important tasks embodying the idea of sustainable development. The Bank continued its current path of involvement in socially responsible projects and made further important steps as a socially responsible organisation.

On 31 January 2023 Marek Łazarz resigned from the position of Member of the Management Board of Millennium Leasing sp. z o.o. At the same time, the General Meeting of Shareholders of Millennium Leasing sp. z o.o. appointed Dorota Kotelska as a Member of the Management Board. The Management Board of Millennium Leasing will perform its duties in a four-member composition, in which Marcin Balicki as Chairman of the Management Board, Agnieszka Kozakiewicz-Pietrzak and Piotr Maj as Members of the Management Board remain in their functions.

Banco Comercial Portugues entered the international Bloomberg Gender-Equality index for the fourth time in a row. In 2023, it achieved its best result so far. It is higher than the results reported by 73% of companies included in the index. The high position of Banco Comercial Portugues was due to data from its three companies: Bank Millennium, Millennium bcp, Millennium Bim.

Bank Millennium established a long-term strategic cooperation and concluded an agreement to sell 80% of shares in Millennium Financial Services to Europa Ubezpieczenia companies - Towarzystwo Ubezpieczeń na Życie Europa S.A. and Towarzystwo Ubezpieczeń Europa S.A., which are part of the Talanx Group, one of the largest European insurers. For the next 10 years, the Bank will offer selected insurance products of the companies on an exclusive basis. Bancassurance is a strategic area for Millennium - the new partnership will help the Bank achieve its business goals, strengthen its capital position and accelerate the development of the insurance offer for clients. According to the plan, strategic cooperation in the field of insurance will be launched in Q3 2023.

Bank Millennium has provided companies with a loan to finance photovoltaic projects. The loan is available in two variants – up to 2 mln PLN, without own participation and additional collateral (100% of energy for own needs) and up to 20 mln PLN, with own participation from 10% to 20% and minimum self-consumption of energy at the level of 50%.

We invite you to an online meeting entitled "Only a slowdown or a recession?". It will be hosted by Grzegorz Maliszewski, Chief Economist at Bank Millennium, who will summarise the past year and present macroeconomic forecasts for the coming months. The webinar will take place on Thursday, 2 February at 11:00 a.m.

Bank Millennium has made available a cash deposit service in Euronet machines. Thus, customers have gained greater freedom to perform such transactions. In addition to Bank Millennium machines, they can now use over 3,000 CDMs available in the Euronet network.

Preliminary results and activity of Bank Millennium Group after 4 quarters of 2022

After a period of negative results, in the fourth quarter of 2022 consolidated net profit of the Bank Millennium Group amounted to +249 mln PLN (loss of 1015 mln PLN after 4 quarters). 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 4th quarter would amount to +694 mln PLN (+2241 mln PLN in the entire 2022). At the end of 2022, capital ratios returned to levels significantly above the required minimums – TCR increased to 14,4% and T1 to 11,3%.

Beata Zaczek, expert in the Factoring and Trade Finance Department, Bank Millennium

From January 1, 2024, Krajowy System e-Faktur (the National e-Invoicing System - KSeF) will become an obligatory solution for companies. This is a huge change and a challenge for entrepreneurs, imposing the obligation to adapt to one structured invoice template, causing the need for changes in financial and accounting systems and internal processes of companies.