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2019 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 centres, individual advisors and mobile and electronic banking.

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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 8,400 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 2019

  • 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.

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 2019, are presented by the table below:

XLS
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
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. in liquidation 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 enterprises.

On June 4, 2019, the liquidation process of MB FINANCE AB based in Stockholm ended.

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Consolidated Cash Flow Statement
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Acquisition of shares and merger with Euro Bank S.A.

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