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2019 Financial
and Social Report

Headcount structure

In 2019, the headcount at the Bank Millennium Group increased by 27% compared to 2018, which was associated with the merger with Euro Bank and amounted to 8 615 people. Most of the employees have signed an employment agreement (98%). The employee turnover ratio remained at the 4% level in comparison to 2018. Women constitute the majority of employees (66%) and the average employee is 37 years old.

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After merger with Euro Bank, the process of closing redundant branches will begin (at least 60 in 2020) and reducing the headcount of merged bank by 260 people in the first quarter of 2020. The principles of group layoffs, criteria and the amount of severance payments have been developed and agreed with trade unions operating at the Bank. Mandatory and additional severance pay proposed by the Bank, as well as additional benefits, e.g. six-month medical care for employees, were very positively received by trade union organizations.

[GRI 102-8] Number of employees

XLS
Men Total men Women Total women Grand total
<30 yrs 30-50 yrs >50 yrs
 <30 yrs 30-50 yrs >50 yrs
Grupa Banku Millennium 770 1,794 269 2,833 1,388 3,878 516 5,782 8,615
Bank Millennium 757 1,672 215 2,644 1,342 3,694 473 5,509 8,153

 

[GRI 102-8] Employees by type of employment

XLS
Bank Millennium Group Bank Millennium
Men Women Total Men Women Total
Full time 2,762 5,587 8,349 2,178 4,710 6,888
Part time 71 195 266 466 799 1,265
Mandate agreement 151 604 755 139 584 723
Employment agreement 2,833 5,782 8,615 2,644 5,509 8,153
For an indefinite term 2,308 4,900 7,208 2 131 4 652 6 783
For a definite term 525 882 1,407 513 857 1,370

 

[GRI 401-1] New employees

XLS
Men Total men Women Total women Grand total
<30 yrs 30-50 yrs >50 yrs <30 yrs 30-50 yrs >50 yrs
Bank Millennium Group* 370
(64%)		 219
(16%)		 12
(5%)		 601
(28%)		 524
(54%)		 312
(11%)		 26
(5%)		 862
(20%)		 1,463
(23%)
Bank Millennium* 363
(65%)		 204
(17%)		 9
(5%)		 576
(30%)		 509
(55%)		 290
(11%)		 24
(5%)		 823
(21%)		 1,399
(24%)
Euro Bank** 66
(34%)		 26
(6%)		 0 92
(13%)		 105
(26%)		 59
(5%)		 1
(5%)		 165
(11%)		 257
(11%)
*without data from Euro Bank
**data for the period of 1 June 2019 - 31 December 2019 (from the date of signing the Euro Bank acquisition agreement)

 

[GRI 401-1] Departures – number of employees

XLS
Men Total men Women Total women Grand total
<30 yrs 30-50 yrs >50 yrs <30 yrs 30-50 yrs >50 yrs
Bank Millennium Group* 229
(40%)		 239
(18%)		 22
(9%)		 490
(23%)		 308
(31%)		 500
(18%)		 90
(18%)		 898
(21%)		 1,388
(22%)
Bank Millennium* 223
(40%)		 217
(18%)		 19
(10%)		 459
(24%)		 300
(32%)		 473
(19%)		 86
(19%)		 859
(22%)		 1,318
(22%)
Euro Bank** 73
(37%)		 73
(16%)		 2
(6%)		 148
(21%)		 105
(26%)		 161
(14%)		 1
(5%)		 267
(17%)		 415
(18%)
*without data from Euro Bank
**data for the period of 1 June 2019 - 31 December 2019 (from the date of signing the Euro Bank acquisition agreement)

 

[GRI 401-1] Employee turnover ratio*

XLS
Men Total men Women Total women Grand total
<30 yrs 30-50 yrs >50 yrs <30 yrs 30-50 yrs >50 yrs
Bank Millennium Group* 9% 3% 1% 4% 7% 2% 2% 3% 4%
Bank Millennium* 9% 3% 1% 4% 7% 2% 2% 4% 4%
Euro Bank** 6% 2% 1% 3% 4% 2% 1% 2% 2%
*without data from Euro Bank
**data for the period of 1 June 2019 - 31 December 2019 (from the date of signing the Euro Bank acquisition agreement)

 

[GRI 202-2] Employees hired locally*

XLS
Bank Millennium Group Bank Millennium
Men Women Total Men Women Total
Number of employees 2,770 5,723 8,493 2,581 5,453 8,034
Number of Management Board members and senior managers 98 49 147 84 44 128

 

[GRI 405-1] Employees by position and gender

XLS
2019 Bank Millennium Group* Men Total men Women Total women Grand total
<30 yrs 30-50 yrs >50 yrs <30 yrs 30-50 yrs >50 yrs
Management Board 1 6 7 7
Upper management 26 30 56 10 13 23 79
Management 22 266 55 343 16 433 73 522 865
Sales personnel 402 502 33 937 829 1,510 201 2,540 3,477
Technicians 65 449 99 613 55 630 185 870 1 483
Other employees 85 84 15 184 78 157 23 258 442
Total 574 1,328 238 2,140 978 2,740 495 4,213 6,353
XLS
Bank Millennium* Men Total men
 Women Total women
 Grand total
<30 yrs 30-50 yrs >50 yrs <30 yrs 30-50 yrs >50 yrs
Management Board 1 6 7 7
Upper management 21 21 42 8 10 18 60
Management 21 243 43 307 16 411 64 491 798
Sales personnel 400 487 23 910 821 1,478 199 2,498 3,408
Technicians 61 396 79 536 44 554 161 759 1,295
Other employees 79 58 12 149 51 105 18 174 323
Total 561 1,206 184 1,951 932 2,556 452 3,940 5,891
*without data from Euro Bank
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