Bank Millennium is leaning harder into business lending while adding retail customers fast, and its heavy use of mobile banking could help it grow without costs rising as quickly. But big legal overhangs and a large bond pile mean that shifts in the economy or interest rates could still hit profits.Read more
Bank Millennium could get a boost if a long-running foreign-currency mortgage issue keeps fading and borrowing costs keep easing, helping it keep more of what it earns. At the same time, its push into digital banking and more business lending could lift growth, but taking on riskier loans may come with new bumps along the way.Read more
Bank Millennium looks like it could face a tougher road ahead, with a big chunk of its business tied to bonds and lingering legal disputes that can keep profits under pressure. See why some analysts stay cautious even as the bank grows loans and digital customers.Read more
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Bank Millennium S.A. provides various banking products and services in Poland. It operates through Retail Customer; Corporate Customer; and Treasury, Assets and Liabilities Management, and Other segments. The company offers current, savings, foreign currency savings, individual investment retirement, private banking, business, and VAT accounts; and term and structured deposits. It also provides investment advisory; investment plan and funds; credit, debit, and prepaid cards; cash, promotional online, mortgage, home equity, renewable loans, as well as consolidation loan with fixed interest rate, EKO promotional mortgage, personal account overdraft limit, loans secured with assets accumulated in the bank, and loans for purchase of securities; current account overdraft and current account overdraft increase; and property, motor, travel, your assistant, loan under protection, mortgage loan, credit card, and payment cards insurance products. In addition, the company offers Millennium 360 Prestige, Millennium Prestige World, and Prestige Personal Account; Millennium TFI Funds; domestic and foreign investment funds, such as polish and foreign investment funds, investors TFI, Goldman Sachs TFI, Esaliens TFI, and Franklin Templeton; brokerage services; and e-banking. Further, it provides loan with a de minimis guarantee, cash loan and overdraft facility in PLN, leasing; bank guarantee and document collection; additional services, including accounting, online store, payment gateway, payment terminal, and currency exchange services; and ongoing support, financing, and trade finance, as well as treasure products. Bank Millennium S.A. was formerly known as BIG Bank GDANSKI SA and changed its name to Bank Millennium S.A. in January 2003. The company was founded in 1989 and is headquartered in Warsaw, Poland. Bank Millennium S.A. is a subsidiary of Banco Comercial Português, S.A.
