Banking sector: 100%
Poland: approx. 95%
Portugal: approx. 3%
Other European markets: approx. 2%

Bank Millennium S.A. is mainly active in the banking sector and generates its revenues primarily through services such as retail banking, corporate banking, and asset management.

The bank's main market is Poland, where it earns the majority of its income. In addition to Poland, the bank also has a presence in Portugal, which is due to its connection to the parent company Banco Comercial Português. Other European markets contribute only a small share to the total revenues.

Production: No physical production

Bank Millennium S.A. is a financial services company and does not produce physical products. As a bank, it offers services such as account management, loans, mortgages, and investment products. The "production" in this context refers to the provision and management of these financial services, which mainly takes place through its branches and digital platforms in Poland.

Strategic Focus:

• Digitalization and Technology Investments
• Customer-Centricity and Personalization
• Sustainability and ESG Initiatives

Bank Millennium S.A. places a strong emphasis on digitalizing its services to enhance customer experience and operate more efficiently. The bank continuously invests in technological innovations to expand and optimize its digital platforms. This includes both mobile and online banking services that increasingly offer personalized offers and services.

Another focus is on customer-centricity. Bank Millennium aims to increase customer satisfaction through tailored financial solutions and improved customer service. This is intended to be achieved through the use of data analytics and artificial intelligence to better understand and serve customer needs.

Furthermore, the bank is involved in sustainability and ESG initiatives (Environmental, Social, and Governance). It aims to make its business practices more sustainable and take on social responsibility. This could be implemented through financing green projects and promoting environmental awareness within the organization.

These strategic measures are intended to help Bank Millennium strengthen its market position and ensure long-term growth.

Commodities/Materials: No specific commodities/materials

Bank Millennium S.A. is a financial institution and not a production or trading company. Therefore, it does not import physical commodities or materials.

Financial institutions like Bank Millennium focus on financial services such as loans, deposits, and investments. Their "imports" refer more to capital flows and financial products rather than physical goods.

Market share in Poland: Approximately 6% (2024)

Customer satisfaction: 4.2 out of 5 (2024, customer survey)

Bank Millennium S.A. has established itself in recent years as one of the leading banks in Poland, with a market share of about 6%. The company's competitive advantage lies primarily in its strong digital presence and innovative financial services, enabling it to achieve high customer satisfaction.

The bank has continuously invested in technology to enhance its digital platforms, making it particularly attractive to younger customers. This strategic focus on digitization and customer experience gives the bank a significant advantage over traditional banks that are slower to respond to digital trends.

In addition, Bank Millennium benefits from a solid capital structure and a diversified product portfolio that appeals to both retail and business customers. This allows the bank to flexibly respond to market changes and further strengthen its competitive position.

Institutional Investor Share: 45% (estimated for 2025)

Insider Buys/Sells: No significant transactions in the last year (estimated for 2025)

The institutional investor share in Bank Millennium S.A. is approximately 45%. This demonstrates the confidence of institutional investors in the stability and growth potential of the bank.

Regarding insider transactions, there were no significant buys or sells in the last year, indicating a stable assessment of the company's value by management and other insiders. Such information is important for evaluating the leadership's confidence in the future development of the company.

Market share of Bank Millennium S.A.: Estimated around 4% (2025)

Main competitors and their market shares:

1. PKO Bank Polski - around 20%
2. Pekao S.A. - around 15%
3. Santander Bank Polska - around 12%
4. mBank S.A. - around 10%
5. ING Bank Śląski - around 9%
6. Bank Millennium S.A. - around 4%
7. Alior Bank - around 3%
8. BNP Paribas Bank Polska - around 3%

Economic moat of Bank Millennium S.A.:

Bank Millennium S.A. has a moderate economic moat, mainly characterized by a strong customer focus and innovative digital services. The bank has heavily invested in its digital infrastructure in recent years, helping it to remain competitive in online banking.

Compared to larger competitors like PKO Bank Polski and Pekao S.A., which have more extensive resources and a broader branch network, Bank Millennium's economic moat is less pronounced. These larger banks benefit from stronger brand recognition and a larger customer base, giving them a significant advantage.

Overall, while Bank Millennium S.A. has some competitive advantages, especially in the digital realm, the larger banks in Poland tend to have a stronger economic moat due to their size, market presence, and financial strength.

Return on Equity (ROE): 8.5% (2024) Net Profit Growth: 10% (2024) Customer Growth: 5% (2024)

Bank Millennium S.A. achieved a return on equity of 8.5% in 2024, indicating solid profitability. The company was also able to increase its net profit by 10%, pointing to effective cost control and successful business expansion.

The 5% customer growth in 2024 shows that the bank is capable of expanding its market presence and attracting new customers. This could indicate a successful strategy for customer acquisition and retention.

Overall, the financial performance of Bank Millennium S.A. suggests a stable and growth-oriented business development. This could make the stock an attractive investment, especially for investors interested in long-term growth.

Dividend payment: No dividend (2025)

Bank Millennium S.A. has not paid any dividends in recent years. This is due to regulatory requirements and the company's strategic decision to use profits to strengthen its capital base and support growth.

The reliability of dividend payments is currently not guaranteed, as there are no regular distributions taking place. Investors should keep an eye on the financial stability and future plans of the bank to identify potential changes in dividend policy.