Bank Millennium S.A.
MIL.WA
Warsaw Stock Exchange19.99
PLN
+0.15
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Bank Millennium S.A.
MIL.WA
(Warsaw Stock Exchange)
Recent
price
19.99
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Bank Millennium S.A. is a Poland-based universal commercial bank founded in 1989 and headquartered in Warsaw. It operates nationwide, providing a broad spectrum of banking products and services to individual, business, and corporate customers through an extensive branch network as well as digital channels including online and mobile banking. Its core offerings include retail banking products such as current accounts, debit and credit cards, savings and time deposit accounts, consumer and mortgage loans; corporate banking services including tailored credit products, leasing, factoring, investment loans, and treasury solutions; wealth management and private banking; investment funds; brokerage services through its subsidiary Biuro Maklerskie Banku Millennium; and ancillary financial products like travel insurance and custody services. The bank is part of the Bank Millennium Group, which includes subsidiaries such as Millennium Leasing, Millennium Towarzystwo Funduszy Inwestycyjnych (mutual funds), and Millennium Goodie, creating an integrated financial services platform. It is majority-owned by the Portuguese Millennium BCP banking group. Bank Millennium serves a diverse customer base across Poland including retail clients, sole traders, SMEs, and large corporations. Recently, the bank announced its new strategic plan for 2025-2028 titled "Strategy 2028 - Value & Growth," which aims at dynamic growth through further digitization, innovation, and enhancing customer experience. Key targets include doubling the corporate loan portfolio to over PLN 25 billion, expanding the active retail customer base to 3.7 million with more than 95% digitally active clients, improving operational efficiency, and achieving a return on equity of approximately 18% by 2028. The strategy emphasizes fast-track loan approvals for investment loans, expansion of leasing through a broader agent network, improved service models for small businesses, and development of advanced hyperpersonalized product offerings via new technologies such as AI and cloud computing. The bank also plans to strengthen its capital position and return to dividend payments starting in 2027, subject to regulatory conditions. The acquisition and integration of Euro Bank in 2019 continue to enhance its service capacity and market reach. Overall, Bank Millennium S.A. is positioned as a modern, technology-driven financial institution focused on high-quality service delivery and sustainable, profitable growth in the Polish banking market and beyond.