Introduction

Pursuant to the requirements set forth in Part Eight of the Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms, amending Regulation (EU) No. 648/2012 (“CRR”), this material (“Disclosures”) presents qualitative and quantitative information pertaining to the comprehensive image of the risk profile of the Bank Millennium S.A. (the “Bank”) Capital Group (“the Group”) as at 31 December 2019.

Pursuant to Article 432.1 of CRR, the Group may omit in its Disclosures any information that is not regarded as material. The Group regards as immaterial any information the omission or misstatement of which could not change or influence the assessment or decision of a user relying on that information for the purpose of making economic decisions. The Group did not consider any information covered by the disclosure obligation based on CRR and other regulations as not material.

Pursuant to Article 432.2, the Group may omit in its disclosures any items of information which is regarded as proprietary or confidential. Information is regarded as proprietary if the Group believes that disclosing it publicly would undermine its competitive position. Information is regarded as confidential if the Group has made an obligation to a customer or other counterparty binding it to confidentiality. The Group did not consider any information covered by the disclosure obligation based on CRR and other regulations as proprietary or confidential.

It should be noted that this material does not cover the entire scope of information to be disclosed, as defined in Part Eight of CRR. Information not included in the Disclosures has been presented in the following documents:

• Report of the Bank Millennium SA Capital Group for 12 months ended 31 December 2019, hereinafter referred to as “Yearly Financial Report”
• Management Board Report on the Activity of Bank Millennium and Capital Group of Bank Millennium for 2019, hereinafter referred to as: “Management Board Report”
• 2019 Bank Millennium and Bank Millennium Capital Group Non-financial Information Report, hereinafter referred to as “Non-financial Report”.

Disclosures of information required by Part Eight of CRR in other documents is regulated by Article 434.2 of CRR.

The information presented has been prepared on the basis of the top domestic consolidation level (Bank Millennium SA Group). In some cases data was presented for Bank Millennium SA solo as well.