Financial and
ESG report 2020

Profile of the organization

[GRI 102-1]
Bank Millennium was established in 1989 as one of the first commercial banks in Poland. Presently, it is the 7th largest commercial bank in Poland in terms of assets.

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[GRI 102-2] 

The Bank offers services to individual clients (in the retail, Prestige and Private Banking segments), micro businesses and small, medium and large enterprises in the Corporate Banking segment. 

From its operational launch the Bank has been a trendsetter in the Polish banking industry. For instance, it was the first bank listed on the Warsaw Stock Exchange and the issuer of the first payment card on the Polish market. Today, it is a market leader in innovation defined as new technology solutions and process improvements. Innovation in Bank Millennium is an integral part of its business strategy. The Bank meets the highest corporate governance standards and pursues social programs to support children’s financial education and employee volunteerism. The acquisition of Euro Bank in 2019 was a landmark decision that has contributed to growing its business magnitude and its overall development.  

Bank Millennium and its subsidiaries constitute the Bank Millennium Group – one of the most modern and most comprehensively developing financial groups in Poland. In addition to the Bank, the key companies in the Group are: Millennium Leasing (leasing activity), Millennium Dom Maklerski (brokerage activity) and Millennium TFI (mutual funds) and Millennium Bank Hipoteczny (raising long-term financing through the issue of covered bonds). Since 2016 Millennium Goodie Spółka z o.o. has been operating an innovative smart shopping platform based on sophisticated technology in collaboration with the Bank. These companies’ offering complements the products and services offered by the Bank. [GRI 102-4] The Bank and its subsidiaries operate in the Republic of Poland. [GRI 102-3] The Bank’s Head Office is located in Warsaw while some of its head office functions are also performed in Gdańsk and Wrocław. The Polish Financial Supervision Authority gave its consent for the establishment of Millennium Bank Hipoteczny S.A. Millennium Bank Hipoteczny S.A. was established on 9 July 2020 with Bank Millennium S.A. as the sole shareholder. Currently, Millennium Bank Hipoteczny S.A. is in the process of obtaining an approval from the Polish Financial Supervision Authority to commence its operations. 

[GRI 102-5] 

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