Relations with the capital market

The priority in investor relations is to provide fair and timely information concerning the strategy, business and financial performance of the overall Bank Millennium Group. The list of communications published by the Bank Group, including their frequency and place of publication, is available on the Bank’s website in the Investor Relations section.

The Bank uses various communication channels in order to reach present and prospective shareholders, mainly such as:

• regular conferences with the participation of the Bank’s Management Board on the quarterly performance of the Bank Group (4 in 2019),
• participation in conferences and road shows organized for investors in Poland and abroad (12),
• individual and group meetings with capital market players (360),
• current stock exchange reports (30) and press releases,
• dedicated website in the Bank’s portal on investor relations,
• encouraging participation in the Annual Shareholder Meeting,
• ongoing contacts with market participants (by e-mail or telephone).

To ensure best practice in equal access to information, since 2006 the Bank has enabled unlimited access to these conferences via the web (video transmission in Polish and English) and by telephone. A transcript of every conference is available on the Bank’s website. The Bank also offers a webcast of the Shareholder Meeting. A transcript of the discussion and resolutions is also available on the Bank’s website.

The Bank operates based on good ESG (Environmental, Social, Governance) practices and observes corporate governance principles. The Company is included in the WIG-ESG – the index of socially responsible companies listed on the Warsaw Stock Exchange – and reports on corporate social responsibility issues.

The Bank satisfies all the corporate governance principles described in the document “Best Practices for WSE Listed Companies”. In accordance with the “comply or explain” principle, a breach of any of the principles described in the Best Practices should be publicly announced by the Company in the form of a relevant report. In 2019, the Bank complied with the corporate governance principles described in the document entitled “Best Practices for WSE Listed Companies”. The only exception to this rule was the absence of two-way communication in real time during the Bank’s Shareholder Meeting. In the Bank’s opinion, the implementation of this principle entailed technological and legal risks to the proper and efficient conduct of the Shareholder Meeting. The Bank was convinced that avoiding these risks would provide the shareholders with a greater benefit.

Bank Millennium has been selected as one of the top 4 best-rated companies. It has achieved the highest result both in terms of the application of environmental, social and corporate governance factors (ESG coefficient of 1.0) and in terms of the application of the Code of Best Practice (KDP coefficient of 1.0).