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2018 Financial and Social Report

General Information about Issuer and the Issuer’s Capital Group

Bank Millennium S.A. (the Bank) is a nationwide universal bank, offering its services to all market segments via a network of branches, corporate centers, individual advisors and mobile and electronic banking.

The Bank, entered under the number KRS 0000010186 in the National Court Register kept by the Local Court for the Capital City of Warsaw, 13th Business Department of the National Court Register, is seated in Warsaw, Stanisława Żaryna 2A.

The Bank is listed on the Warsaw Stock Exchange since 1992, first Bank ever to float its shares on the WSE.

The Bank is a parent company of a Bank Millennium Capital Group (the Group) with over 6,100 employees with core business comprising banking, leasing, factoring, brokerage, capital operations, investment fund management and web portals activity.

Supervisory Board and Management Board of Bank Millennium S.A. as at 31 December 2018

  • Bogusław Kott – Chairman of the Supervisory Board
  • Nuno Manuel da Silva Amado – Deputy Chairman of the Supervisory Board,
  • Dariusz Rosati – Deputy Chairman and Secretary of the Supervisory Board,
  • Miguel de Campos Pereira de Bragança – Member of the Supervisory Board,
  • Agnieszka Hryniewicz-Bieniek – Member of the Supervisory Board,
  • Anna Jakubowski – Member of the Supervisory Board,
  • Grzegorz Jędrys – Member of the Supervisory Board,
  • Andrzej Koźmiński – Member of the Supervisory Board,
  • Alojzy Nowak – Member of the Supervisory Board,
  • Jose Miguel Bensliman Schorcht da Silva Pessanha – Member of the Supervisory Board
  • Miguel Maya Dias Pinheiro – Member of the Supervisory Board,
  • Lingjiang Xu – Member of the Supervisory Board.
  • Joao Nuno Lima Bras Jorge – Chairman of the Management Board,
  • Fernando Maria Cardoso Rodrigues Bicho – Deputy Chairman of the Management Board,
  • Wojciech Haase – Member of the Management Board,
  • Andrzej Gliński – Member of the Management Board,
  • Wojciech Rybak – Member of the Management Board,
  • Antonio Ferreira Pinto Junior – Member of the Management Board,
  • Jarosław Hermann – Member of the Management Board.

On April 20, 2018, Ms. Maria Jose Henriques Barreto De Matos De Campos gave her resignation from the function of the Bank’s Management Board member, effective with above date. Ms. Maria Jose Henriques Barreto De Matos De Campos motivated her resignation with new professional plans in BCP Group.

On its meeting held on April 20, 2018 the Supervisory Board of the Bank, appointed as members of the Management Board of the Bank, Mr António Ferreira Pinto Júnior as of April 20, 2018, and Mr Jarosław Hermann as of August 1, 2018.

Capital Group of Bank Millennium S.A.

The Group’s parent entity is Bank Millennium S.A. while the ultimate parent entity of the Bank Millennium S.A. is the Banco Comercial Portugues – company listed on the stock exchange in Lisbon.

The companies that belong to the Capital Group as at 31 December 2018, are presented by the table below:

Company Activity domain Head office % of the
Group’s capital
share
% of the Group’s
voting share
Recognition in financial
statements
MILLENNIUM LEASING Sp. z o.o. leasing services Warsaw 100 100 full consolidation
MILLENNIUM DOM MAKLERSKI S.A. brokerage services Warsaw 100 100 full consolidation
MILLENNIUM TFI S.A. investment funds
management
Warsaw 100 100 full consolidation
MB FINANCE AB funding companies
from the Group
Stockholm 100 100 full consolidation
MILLENNIUM SERVICE Sp. z o.o. rental and
management of real
estate, insurance and
brokers activity
Warsaw 100 100 full consolidation
MILLENNIUM GOODIE Sp. z o.o. web portals activity Warsaw 100 100 full consolidation
MILLENNIUM TELECOMMUNICATION SERVICES Sp. z o.o. financial operations –
equity markets,
advisory services
Warsaw 100 100 full consolidation
PIAST EXPERT Sp. z o.o. marketing services Tychy 100 100 full consolidation
LUBUSKIE FABRYKI MEBLI S.A. in liquidation furniture manufacturer Świebodzin 50 (+1 share) 50 (+1 share) equity method valuation*
BG LEASING S.A. in bankruptcy leasing services Gdańsk 74 74 historical cost*

(*) Despite having a control over the companies Lubuskie Fabryki Mebli S.A. and BG Leasing S.A., due to insignificant nature of these companies from the realization of the primary goal of the consolidated financial statements point of view, which is the correct presentation of Group’s financial situation, the Group does not consolidate capital involvement in aforementioned enterpises.