Bank Millennium’s General Meeting approved the 2014 statements

The Shareholders representing 74.4% of the Bank’s equity, having familiarised themselves with information on activity of the Bank and the Bank’s Capital Group in the previous financial year presented by Mr Joao Bras Jorge, Chairman of the Bank’s Management Board, considered and approved the financial statements of the Bank and the Bank’s Capital Group as well as the 2014 Supervisory Board Activity Report, comprising results of assessment of Management Board reports on activity of the Bank and the Bank’s Capital Group in 2014 financial year as well as financial statements of the Bank and of the Bank’s Capital Group on 2014 financial year.

The Shareholders discharged Members of the Management Board and Members of the Supervisory Board from performance of their duties in 2014 financial year.
Further to the recommendation issued by the Polish Financial Supervision Authority, in keeping with the recommendation of the Management Board and opinion of the Supervisory Board the Shareholders decided that the Bank’s entire net profit from 2014 amounting to PLN 619.5m shall be allocated to reserve capital. Thanks to this decision solvency ratio of Bank Millennium Group will grow to 15.5%, while the Group’s Core Tier 1 to 14.9%.

The General Meeting resolved that the Bank’s Supervisory Board in the new three-year term of office (2015-2017) will be comprised of 12 members and elected the following persons to sit on it: Mr Nuno Manuel da Silva Amado, Ms Julianna Boniuk-Gorzelańczyk, Mr Miguel de Campos Pereira de Braganca, Ms Agnieszka Hryniewicz-Bieniek, Ms Anna Jakubowski, Mr Grzegorz Jędrys, Mr David H. Klingensmith, Mr Bogusław Kott, Mr Andrzej Koźmiński, Mr Miguel Maya Dias Pinheiro, Mr Dariusz Rosati, Mr Rui Manuel da Silva Teixeira.

The Shareholders also amended the Bank’s Articles of Association, the GSM Bylaws and also passed a Resolution in the matter of “Principles of Corporate Governance for Supervised Institutions” adopted by the Polish Financial Supervision Authority and a Resolution on “Policy for Remuneration of Members of the Supervisory Board of Bank Millennium”.

The full text of the General Meeting’s Resolutions is available on the Bank’s website.

During its first meeting on 21 May 2015 the Supervisory Board of Bank Millennium established itself and appointed Mr Bogusław Kott for Chairman, Mr Nuno Manuel da Silva Amado for Deputy Chairman and Mr Dariusz Rosati for Deputy Chairman of Secretary of the Supervisory Board.

The Supervisory Board decided that the Management Board of Bank Millennium in the new term of office shall be composed of 6 persons and appointed the following persons to sit on it: Mr Joao Bras Jorge for Chairman, Mr Fernando Bicho for Deputy.