Bank Millennium Explained in Numbers and Structure

Bank Millennium is a Polish bank that's been around since 2000, making it a relatively young player in the market. Founded by Polish entrepreneur, Rafał Brzoska, the bank has experienced steady growth over the years.

In terms of structure, Bank Millennium is a universal bank, offering a wide range of financial services to both individual and corporate clients. This includes retail banking, corporate banking, investment banking, and more.

With a strong presence in Poland and a growing network of branches and ATMs across the country, Bank Millennium has become a household name in Poland.

Bank Millennium has reported a 50% jump in Q4 profit, well above forecast, as of January 31, 2025. This impressive growth is a testament to the bank's financial stability and success.

The bank's Q4 profit was significantly higher than expected, indicating a strong financial performance. Bank Millennium's ability to exceed forecasts is a positive sign for investors and customers alike.

As of February 26, 2025, Millennium bcp, the parent company of Bank Millennium, posted a record profit, beating expectations. This achievement is a result of the bank's strategic goals and financial management.

Bank Millennium S.A. published a sustainability report based on ESRS standards on February 25, 2025, demonstrating its commitment to environmental, social, and governance (ESG) practices.

Here's a summary of Bank Millennium's recent financial performance:

Bank Millennium's financial performance and commitment to sustainability are key factors in its success. The bank's ability to adapt to changing market conditions and exceed expectations is a testament to its financial stability and strong management.

Bank Millennium has a diverse and experienced governing body, with Joao Bras Jorge serving as the Chairman of the Management Board. Fernando Bicho is the Deputy Chairman of the Management Board, while Wojciech Haase and Megan Hardman are Members of the Management Board.

The Supervisory Board is equally impressive, with Bogusław Kott serving as the Chairman. Nuno Manuel da Silva Amado and Dariusz Rosati are the Deputy Chairmen and Secretary, respectively.

Here's a breakdown of the main shareholders of Bank Millennium as of December 30, 2022:

The governing bodies of the company are responsible for overseeing its operations and making key decisions.

The Management Board is led by Chairman Joao Bras Jorge, who is supported by Deputy Chairman Fernando Bicho and four other members: Wojciech Haase, Megan Hardman, Andrzej Gliński, and Antonio Pinto.

The Supervisory Board, on the other hand, has a total of 12 members, including Chairman Bogusław Kott.

Here is a list of the Supervisory Board members:

The presence of independent members on the Supervisory Board, such as Agnieszka Hryniewicz-Bieniek, Anna Jakubowski, and Grzegorz Jędrys, adds an extra layer of accountability and oversight to the company's operations.

The shareholder structure of a company is a crucial aspect of its governance. As of December 30, 2022, Banco Comercial Portugues held a significant 50.10% stake in the bank.

The remaining shares are distributed among several other major shareholders. Natationale-NederlandenOFE held 8.90% of the shares, while Allianz Polska OFE owned 7.98%.

OFEPZU „Złota Jesień" also had a notable 5.56% stake in the bank.

Bank Millennium is a bank that values innovation, mobility, quality, and environmental care. It's a great bank for individuals and businesses, offering a range of services including a network of branches, individual advisors, electronic banking, and a customer service center.

The bank has a clear goal to complete its Plan of Recovery by the end of June 2024, assuming no significant negative extraordinary events occur. To achieve this, it plans to maintain its capital indicators above the required regulatory levels throughout the rest of 2024 and the following periods.

Bank Millennium's strategy for 2022-2024, "Inspirują na ludzie" (Inspiring people), is nearing its end, with the first quarter of 2024 marking the final year of its implementation. The bank has already surpassed some of its targets, such as reaching 3 million active customers, which was initially planned for the end of 2024.

Bank Millennium's financial health is a topic of interest, and we can get a glimpse into it through their numbers. Assets of 97.1 billion PLN give us an idea of the bank's overall size and scope.

The bank's equity stands at 9.091 billion PLN, which is a crucial factor in determining its financial stability. This is a significant amount that helps the bank weather financial storms.

Total deposits of 81.5 billion PLN indicate that customers have a lot of trust in Bank Millennium, which is a good sign for the bank's reputation. This also means that the bank has a steady source of funds to lend out.

Loans of 74.088 billion PLN show that the bank is actively involved in lending to its customers, which can be both a blessing and a curse. A high loan amount can indicate a risk, but it also means the bank is helping people and businesses grow.

The net profit of 23 million PLN is a relatively small amount, but it's still a profit. A return on equity (ROE) of 0.2% suggests that the bank's profits are not translating into significant returns for its shareholders.

The total capital ratio (TCR) of 19.5% is a measure of the bank's capital adequacy, and it's a relatively low number. This means that the bank may need to strengthen its capital base to meet regulatory requirements.

Here's a summary of Bank Millennium's key financial metrics:

To find your Bank Millennium S.A. IBAN number, you can work it out based on the example provided, which consists of 28 characters including a 2-letter country code, 2-digit check number, 3 characters from the bank code, 4-digit branch code, 1-digit national code, and 16-digit account number.

You can also find your IBAN number by logging into Bank Millennium S.A. online banking or checking your bank statement.

If you don't use the right IBAN number, your payment might be returned or sent to the wrong account, so get it right the first time by checking with your bank or asking the recipient to provide the details.

The IBAN for Bank Millennium S.A. in Poland is 28 characters long and includes the following components: country code, check digits, bank code, branch code, national check digit, and bank account number.

Here's a breakdown of the IBAN components for Bank Millennium S.A. in Poland:

The example IBAN number for Bank Millennium S.A. in Poland is PL61 1090 1014 0000 0712 1981 2874.

Bank Millennium has had a remarkable year, with several notable achievements. They posted a record profit in February, beating expectations and increasing their dividend. The bank's financial regulator in Poland announced that the additional capital requirement at the bank's consolidated level has expired.

In January, Bank Millennium reported a 50% jump in Q4 profit, well above forecast. The bank also successfully completed its 2022-24 strategic goals. They have been working on their Plan Naprawy, which aims to improve their financial situation, and they expect to complete it by the end of June 2024.

Bank Millennium has been expanding its services and improving its offerings. They have opened a new chapter and presented their strategy for growth until 2028. The bank has also become a member of IAB Polska, a Polish industry association. They have been focusing on digitalization, with 90% of their 3 million active clients using digital channels.

The bank has also been working on reducing its exposure to foreign exchange loans, which had been a significant risk factor. They have managed to reduce this exposure to below 10% of their loan portfolio. Bank Millennium has been making efforts to improve its environmental sustainability, and they have published a sustainability report based on ESRS standards.

Here are some key statistics about Bank Millennium's financial performance:

Bank Millennium has been making efforts to improve its financial situation and reduce its risks. They have been working on their Plan Naprawy and expect to complete it by the end of June 2024. The bank has also been expanding its services and improving its offerings, and they have become a member of IAB Polska.

Bank Millennium has made significant strides in recent years, with a notable jump in Q4 profit of 50% above forecast in January 2025. The bank's financial health is a testament to its robust management.

The bank's financial regulator in Poland announced that the additional capital requirement at the bank's consolidated level had expired, providing relief to the institution. This move is likely to have a positive impact on the bank's operations.

Bank Millennium's Q4 2024 earnings call took place on January 31, 2025, where the bank's financial performance for the quarter was discussed. The bank's results for the quarter were impressive, with a significant increase in profit.

Bank Millennium's sustainability report, published on February 25, 2025, highlights the bank's commitment to environmental, social, and governance (ESG) standards. The report provides a detailed overview of the bank's sustainability initiatives.

The bank's core inflation in Poland came in at 4.3% year-over-year in November 2024, according to data from the country's statistical office. This rate is slightly higher than the previous month's reading.

Here are some key dates related to Bank Millennium's recent activities: