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2019 Financial
and Social Report

Social benefits

[GRI 401-2] Bank Millennium Group employees are offered the same social and financial benefits regardless of the type of employment agreement (for a fixed/unspecified term) and working time (part-time/full-time). The amount and scope of benefits depend on the employee’s life and financial situation. A private medical care plan is offered to employees employed for at least one half of a full time equivalent. The range of the plan varies for different positions.

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The Bylaws of the Company Social Benefit Fund regulate the Bank’s social activity. According to these Bylaws, the Bank pursues the following initiatives:

  • providing repayable assistance for housing purposes in the form of home loans,
  • conducting cultural, sporting, recreational and tourist activity,
  • organizing events and group meetings, etc.,
  • providing material or financial assistance,
  • providing financial assistance in individual events of chance, a particularly difficult financial, family or life situation (financial assistance that does not have to be repaid).

Companies tap into the social benefits offered by the Bank but they finance it using their own Social Benefits Funds.

The private medical care plan allows all the Group employees equally to have access to basic and specialist medical consultations, detailed diagnostic tests and prevention programs. Additionally, there is a medical practice operating at the Bank Millennium Head Office in Warsaw, offering basic medical care and outpatient assistance.

Every autumn, a nationwide campaign of vaccination against influenza is conducted with the participation of the Bank’s medical partners. Vaccines are organized at the Bank’s Head Office and in medical centers in Poland’s other cities.

Bank Millennium is implementing the Millennium Active Zone program aimed at promoting physical activity among employees and developing knowledge about healthy lifestyle. A number of initiatives were undertaken in 2019 as part of this program. Teams composed of Bank employees took part in the Corporate Run (Wroclaw, Warsaw) and in the Color Run sponsored by the Bank (Poznań, Warsaw, Gdynia, Wroclaw, Krakow). Employees, their families and friends also took part in two editions of the Bicycle Invasion (Potop Rowerowy), i.e. bicycle trips to Sweden, and bike competitions during Kaszebe Runda.

MilleClub is to promote among the employees various types of initiatives carried out in the form of sports, travel, cultural or art projects. The Club allows them to develop their passion; they may receive co-funding up to 50% of the cost of the project. Additionally, under Kids projects employees may submit cultural and sports projects that promote spending family time.

XLS
Bank Millennium Group 2019* 2018 2017 2016 2015
Number and % of employees who used the MilleClub co-financing 1,924
(33%)		 1,500
(24%)		 1,893
(32%)		 2,113
(35%)		 1,535
(26%)
Amount of co-financing (PLN) 289,828 177,545 242,000 282,101 260,000
*data for Bank Millennium only.

 

Under their social assistance the Bank and Companies offer assistance to employees who are in a particularly difficult material, family or life situation as well as home loans bearing low interest rates.

XLS
Benefits awarded to Bank`s employees 2019 2018 2017
Financial assistance (PLN) 316,800 452,200 502,000
Number of employees who received financial assistance 100 133 144
Home loans (PLN) 579,288 711,093 937,503
Number of employees who received loans 39 63 73

Employees may join a group life insurance on preferential terms. The insurance covers life and health of the insured and his/her family members. Six insurance variants are available so that everyone can match the offer to their needs.

XLS
Life insurance Bank 2019 Group 2019 Bank 2018 Group 2018 Bank 2017 Group 2017
Number and % of employees who used the offer 2,915
(49%)		 3,067
(48%)		 2,940
(50%)		 3,100
(49%)		 3,034
(55%)		 3,207
(54%)
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