Page Tools

Socially responsible products and services

Socially responsible products and services are targeted at both individual and corporate clients.G4-DMA

Individual clients

360° Account360° Account

Bank Millennium offers a 360° account, after certain easy to satisfy conditions are met, may be maintained free of charge. The conditions offering a release from maintenance charges have been designed to be easy to satisfy, also by clients with less funds, including those who earn minimum wages. The Bank does not require funds to be received from a specific source or a single transfer in a full amount. It takes into account the aggregated receipts (including benefits) and cash deposits during the month, as long as they add up to min. PLN 1000.

In emergencies, the Very Helpful Package provided along with the 360° account (which is free for 12 months after the account is opened) may offer an alternative for clients who cannot afford private doctor’s visits. In such situations, the client may use 7 interventions per year.

The Bank also offers preferential terms of the 360° Student account for young clients (ages 18-26) and the 360° Junior account for juniors (ages 13-18). For this group, which only gets to know the world of finance, the account and the card are free of charge, provided that at least one card transaction for any amount is performed per month.

 

WWF Millennium MasterCard Credit Card

WWF Millennium MasterCard Credit Card

The WWF Millennium MasterCard Credit Card is issued to support the operations of

WWF Polska, the largest international environmental foundation. Each holder of the card may become actively involved in environmental protection through daily card payments.

Bank Millennium transfers one-half of the annual fee for the first year of using the card and a specified percentage of each electronic transaction conducted in any store or service outlet to the Foundation’s account. Additionally, the card is made using an environmentally-friendly PETG polyester which may be recycled.

 

Millennium MasterCard prepaid card – LEARNING PERSONAL FINANCE MANAGEMENTMillennium MasterCard prepaid card – learning personal finance management

The Millennium MasterCard prepaid card facilitates financial education for children from age 13 and teaches them how to spend money with reason.

This card may be re-loaded multiple times by family and friends. It may be used to execute transactions up to the amount of paid in funds. Each card user gains access to the web banking system in conjunction with the card. That way card users may track their spending on their own, with a breakdown into categories using the Financial Manager facility. Parents after logging into their account may also see how their children manage the entrusted funds.

 

Value of socially responsible products and services (retail customers)

  Value of products / % of the portfolio of all the products in the group
201420132012
WWF Card 1,583 cards / 0.45% 1,715 cards / 0.42% 1,368 cards / 0.29%
Millennium MasterCard prepaid card 8,214 cards / 100% 4,576 cards / 100% 430 cards / 100%

Financial Manager – Household budget management tool

Financial Manager is an interactive finance management tool available to users of the Millenet Internet banking system. Financial Manager provides automatic analysis of bank transactions, allowing the clients to improve their control over income and expenditures. The tool also helps its users to save their funds more efficiently. A client is able to create budgets for expenditure categories and a Savings Plan that suggests the categories where spending can be reduced. Additionally, the Finance Manager contains an Interactive Planner a convenient calendar with future transactions marked, such as repayments of loan instalments, accrual of interest on deposits, standing orders, transfers with a future date.

 Number and percentage of users
 201420132012
Financial Manager 683,438 (44% ) 631,175 (44%) 503,456 (35%)

 

Consolidation loanConsolidation loan

In the process of selling credit products, the Bank carries out a detailed analysis of client’s needs and its financial standing in order to offer him/her the best possible solution. It also offers a service reducing monthly credit liabilities by consolidating of loans from other banks in a single loan from Bank Millennium. As a result, the clients may manage their household budget more easily.

 

Flat for the Young mortgage loanFlat for the Young mortgage loan

The Bank offers a mortgage loan granted as part of the government program entitled Flat for the Young.
The program is addressed to people up to 35 years of age and allows them to use funds from the state budget to cover part of the property purchase price: 10% of the price for people without children and 15% for those with children. Thus, with financial support from the government, borrowers may purchase an apartment or a family house on the primary market without any funds for their own contribution.

In an effort to support the correct service of clients’ debt, a team has also been established to provide support to clients with mortgage products over the phone. This initiative has raised the quality and speed of service, as clients may give simple instructions over the phone, without any need to visit a branch.

 

Prestige and Private Banking clients

Bank Millennium's offering includes SRI (Socially Responsible Investing) mutual funds:

FundDescription
BlackRock GF New Energy Fund invests in equities of companies operating on the alternative energy and energy technology sectors. It may focus on companies involved in renewable energy sources, production of electricity for the automotive industry and own needs, storage of energy and technologies supporting energy generation.
BlackRock GF World Healthscience Fund invests in equities of companies with substantial interests in healthcare, pharmaceuticals and medical technology and equipment as well as biotechnology development.  
Investors Climate Change Fund invests mainly in the business areas focused on reducing the impact of the climate changes on the environment and mitigating their effects (clean technologies, renewable and alternative energy sources, prevention and management of natural disaster, eco-friendly transportation of passengers and cargo).

Energy Medicine Environment Fund

The fund focuses on the companies that run a business associated with power, healthcare and protection of the natural environment.

Corporate clients

The Bank’s offering for Corporate clients includes products to finance infrastructure development in rural areas, environmentally friendly investments and solutions supporting development of small and medium enterprises.

Environmentally and socially responsible lending

Bank Millennium has inserted clauses in its rules and regulations for lending to Corporate Banking clients on all clients having to meet the requirements of environmental protection and respecting employment rules. This means that all the projects debt-financed by the Bank and all credit products are also subject to these requirements.

The rules and regulations contain certain restrictions regarding the financing of socially harmful activity featured on the EBRD Environmental and Social Exclusion List. The limitations commit all the Borrowers not to use the funding received from the loans for projects associated with forced labour and all forms of discrimination in employment and production and trade in various substances recognized as dangerous and harmful for the environment. Moreover, the Borrowers are obliged to run their businesses in compliance with environmental protection regulations and other health and safety regulations and the principles of social co-existenceG4-FS1, G4-FS5

Financing of environmental and social projects

Bank Millennium’s corporate clients may use the offering of products to finance environmental and social undertakings.

PolSEFF Polish Sustainable Energy Financing Programme

PolSEFF Polish Sustainable Energy Financing Facility

The objective of the Programme which is managed by the European Bank for Reconstruction and Development (EBRD) is to support investments that provide energy savings. PolSEFF offers small and medium-sized businesses access to funding and expertise needed for the implementation of investment projects that increase energy efficiency of the company or use renewable energy sources. Within the framework of the Program, clients may use the funding in the form of Eko Energia loan and leasing, provided that energy savings driven by the completed investment are at least 20%.

 

Leasing Eko Energia ProgramLeasing Eko Energia Program

The purpose of this program is to support Polish businesses in financing energy efficient technologies by encouraging them to invest in energy efficient machinery and equipment. The Leasing Eko Energia Program offers the clients up to 5% of investment premium upon the end of the lease contract.

  

De Minimis guaranteesDe Minimis guarantees

Bank Millennium takes part in the government entreneurship support programs using guarantees from Bank Gospodarstwa Krajowego.

A business from the SME sector may use de minimis  guarantees to secure a PLN loan granted to finance current operations and investments. Advantages of the program include: high amount of the guarantee (up to 60% of the loan amount and up to PLN 3.5 million) and a long financing period of up to 24 months in the case of working capital loans or up to 96 months for investment loans. In 2004 Bank Millennium was distinguished as the Partner of the de minimis guarantee program.

  

Cooperation with the European Fund for the Development of Polish Villages FoundationCooperation with the European Fund for the Development of Polish Villages Foundation

For 20 years now, Bank Millennium has been cooperating with the European Fund for the Development of Polish Villages (EFRWP) Foundation in the provision of two preferred credit facilities: investments to build, modernize and renovate public, township and county roads in rural areas. These loans are addressed mainly to local governments at the  township and county level.

The European Fund for the Development of Polish Villages Foundation is a non-governmental organization. Its goals include, among others, development of technical and social infrastructure of rural areas and development of broadly defined non-agricultural small and medium entrepreneurship in rural areas.G4-DMA, G4-EC7

Value of socially responsible products (Corporate and Business clients)

 Product portfolio value (PLN)Number of products in the portfolio
Loans with de minimis guarantees  174,180,500.00  164 
EFRWP Loans  2,844,300.00   7
PolSEFF  209,890,762.00   457
Leasing Eko Energia  100,115,179.00  358

G4-FS7, G4-FS8