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September 05, 2015 12:06 AM ET

Banks

Company Overview of Bank Millennium Spolka Akcyjna

Company Overview

Bank Millennium Spolka Akcyjna, together with its subsidiaries, provides various banking and financial products and services to corporate and individual customers in Poland. The company offers current accounts; credit, debit, and prepaid cards; cash, consolidation, and asset-backed loans; mortgage, home equity, debt consolidation, and refinance loans; open end investment fund products; savings products; and insurance products, as well as provides tele, SMS, combined statements, transfers, standing order, direct debit, bill payment, electronic invoices, mobile, Internet payment, closed deposits, car collection, POS terminal, automatic identification of incoming payments, statement of account,...

ul. Stanisława Żaryna 2a

Warsaw,  02-593

Poland

Founded in 1989

Key Executives for Bank Millennium Spolka Akcyjna

Chairman of the Management Board
Total Annual Compensation: $2.6M
Vice-President of the Management Board
Total Annual Compensation: $2.0M
Member of the Management Board
Total Annual Compensation: $1.7M
Member of the Management Board
Total Annual Compensation: $1.7M
Member of the Management Board
Total Annual Compensation: $1.7M
Compensation as of Fiscal Year 2014.

Bank Millennium Spolka Akcyjna Key Developments

Bank Millennium in Poland Announces Consolidated Earnings Results for the Second Quarter and First Half of 2015

Bank Millennium in Poland announced consolidated earnings results for the second quarter and first half of 2015. For the first half of 201, the company reported consolidated net profit was PLN 328 million, a 2.4% increase compared to PLN 79 million a year ago. ROE was at 11.2%, with equity growth of 10.8% year on year. For the second quarter, the company reported consolidated net profit was PLN 165 million, a 1.6% increase compared to PLN 40 million a year ago. This increase was in spite of the negative pressure on banking income caused by several drivers, including lower market interest rates and regulatory limits on card-related fees. A slight decrease in net operating income was more than compensated by a drop in operating costs and lower provisions on credit risk.

Bank Millennium Spolka Akcyjna, H1 2015 Earnings Call, Jul 27, 2015

Bank Millennium Spolka Akcyjna, H1 2015 Earnings Call, Jul 27, 2015

Bank Millennium Spolka Akcyjna, Annual General Meeting, May 21, 2015

Bank Millennium Spolka Akcyjna, Annual General Meeting, May 21, 2015.

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SG CIB Poland Europe
Sygma Banque S.A, Oddzial w Polsce Europe

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