Brief description of Bank Millennium Group
Bank Millennium (“the Bank”) arose in 1989 as one of the first Polish commercial banks. Today it is a nationwide universal bank, which offers its services to all segments of the market via a network of branches, networks of individual advisors as well as electronic and mobile banking.
The Bank’s assets are more than PLN 68 billion while equity is almost PLN 7 billion. Millennium is one of top 8 Polish commercial banks in terms of assets and capital.
The Bank has accumulated almost PLN 56 billion in customers’ deposits and more than PLN 47 billion loans. Its share in the market of retails customers’ funds is 5.8%. The Bank has built its position on the market thanks to working with close to 1.5 million active personal Customers and 13 thousand corporate Customers. Almost 1 million of them are actively using internet and mobile banking.
Bank Millennium is a market leader in innovation understood to mean new technologies and process improvements. The digital platform developed by Bank Millennium enables an omnichannel approach, which assumes full integration of Millenet internet banking, Mobile Banking, TeleMillennium and service in branches.
Since the beginning of its activity the Bank saw its role as that of a leader in terms of solutions used in the banking sector: it issued the first VISA card in Poland for business Customers (1991) and began to offer leasing services. In 1992 the Bank’s shares – as the first financial institution – had their debut on the Warsaw Stock Exchange.
The Bank is operating under the Bank Millennium brand since 2003, and its business motto is “Traditional Banking with a Modern Twist”. The Bank offers services to personal customers (in Retail, Prestige and Private Banking segments), to microbusinesses as well as small, medium and large companies in the Corporate Banking segment.
The Bank’s strategic shareholder is Banco Comercial Portugues – Portugal’s largest private bank, which holds a 50.1% stake in Bank Millennium.
Bank Millennium, together with its subsidiaries, makes up Bank Millennium Group (“the Group”) – one of the most innovative and comprehensively developing financial groups in Poland – employing a total of 5,844 persons.
Scheme of Bank Millennium S.A. Capital Group as on 31.12.2016
The most important companies in the Group are: Millennium Leasing (leasing business), Millennium Dom Maklerski (brokerage house) and Millennium TFI (investment funds). Since 2016 the Bank, via Millennium Goodie Spółka z o.o., has been operating an innovative smart shopping platform. The offering of the above-mentioned companies is complementary to the services and products offered by the Bank. Other companies in the Group provide infrastructural support.