Founded in 1989, Bank Millennium S.A. is one of Poland’s most well-established and innovative financial institutions. Headquartered in Warsaw, it began its journey as Bank Inicjatyw Gospodarczych (BIG SA) before evolving into the modern, customer-focused Bank Millennium we know today. With strong backing from Portugal’s Banco Comercial Português (Millennium BCP), the bank has grown into a major player in the Polish banking sector, offering a full range of services for individuals, businesses, and institutions.
From being the first bank listed on the Warsaw Stock Exchange to leading the way in digital banking, Bank Millennium continues to shape the future of finance in Poland. Whether through its sleek mobile app, nationwide branch network, or personalized service, the bank remains committed to innovation, convenience, and trust.
In this post, we’ll take a closer look at Bank Millennium’s history, achievements, and what makes it stand out in a competitive market.
History and Development
Year / Period
Key Milestones and Developments
1989
Founded as Bank Inicjatyw Gospodarczych BIG S.A.
1992
First Polish bank to be listed on the Warsaw Stock Exchange
1997
Merged with Bank Gdański S.A., expanding its operations
1998
Launched the Millennium retail brand, introducing new standards in banking
2003
Joined the Millennium BCP Group (Portugal), gaining a strategic investor
2009–2015
Rapid digital transformation and development of online banking tools
2018
Announced acquisition of Euro Bank to strengthen retail banking
2019 (October)
Completed merger with Euro Bank – expanded customer base and branch network
2020–Today
Focused on digital services, AI, and personalized banking. Among Poland’s top universal banks, known for innovation and customer service
Personal Account Services
Service Category
Description
Current Account (Konto 360°)
– Free account maintenance with basic monthly activity- Free ATM withdrawals in Poland and abroad- Full mobile and online banking access
Savings Account
– High interest for new clients- Flexible access to funds- Automatic transfer from current account
Payment & Debit Cards
– Contactless Mastercard or Visa- Customizable limits via app- No fees with regular use
Mobile & Online Banking
– Intuitive app with transfers, bill payments, budgeting tools- Fast online account opening
Foreign Currency Accounts
– Accounts available in EUR, USD, GBP, and others- Linked with currency exchange features
Cashback & Partner Discounts
– Cashback on selected purchases- Discounts with Millennium partners through Goodie app
Digital Wallet Integration
– Google Pay, Apple Pay, BLIK support for fast and secure payments
Cash Loans & Overdrafts
Product
APR / RRSO
Loan Amount / Term
Key Features
Cash Loan (promotion)
11.11 % APR
1,000 – 40,000 PLN; 6 – 70 months
0 PLN commission; fixed installments
Cash Loan (general)
11.23 % APR
5,000 – 40,000 PLN; 48 – 70 months
0 PLN commission
Cash Loan (special offer)
11.02 % APR
1,000 – 250,000 PLN; 6 – 108 months
For finance/insurance sector employees; 0 PLN commission
Consolidation Loan
9.64 % APR
1,000 – 250,000 PLN; 6 – 120 months
Merges liabilities; 0 PLN commission
Current Account Overdraft
18.96 % APR
500 – 250,000 PLN; 12-month renewable term
Interest on used amount only; 7 interest-free days/month
Overdraft Increase (online)
20.42 % APR
—
1.99 % fee (min 59 PLN); interest on used excess only
Mortgages & Home Loans
Product
Term (Months)
RRSO / APR (%)
Mortgage Loan (standard)
up to 360 months (30 years)
8.88 % RRSO
EKO Mortgage
up to 360 months
7.66 % RRSO
Home Equity Loan
up to 240 months (20 years)
10.21 % APR
Fixed-Rate Mortgage (5 years)
60 months fixed, then variable
6.95% – 8.30% depending on LTV
CHF-indexed Mortgage
Variable (up to 360 months)
~0.41 % (SAR3MC + 0.0031%)
Top 5 Bank Millennium Business Loans
Product
Loan Purpose
Amount / Term
Key Benefits
1. Current Account Overdraft
Short‑term daily liquidity
Up to 570,000 PLN; 12‑month renewable limit
Auto-repayment via inflows, no need to remember repayment, flexible access
2. Cash Loan (de minimis guarantee)
General business needs
Up to 700,000 PLN; up to 72 months
BGK de minimis guarantee secures 60%, fixed 10.50% rate, 5% bank commission + 0.5% guarantee fee
3. Investment Loan
Long‑term investments and equipment
Up to 15 years
Variable WIBOR‑based rate, grace period up to 24 months, flexible disbursement
4. Revolving Loan
Ongoing operational cash requirement
Renewable credit line per business needs
Flexible, renewable financing for fluctuating liabilities
5. Investmax Guaranteed Loan
SME working capital or investments
Working capital: up to 48 months; Investment: longer
BGK/EIF guarantee covers 80% principal, no collateral, own contribution as low as 10%
Who Is Bank Millennium For
Target Group
Why It’s for Them
Everyday Individuals
Offers user-friendly accounts, mobile banking, and modern digital tools.
Home Buyers & Families
Provides mortgages, including eco-friendly options with lower rates.
Small & Medium Businesses (SMEs)
Business loans, overdrafts, and government-backed financing (e.g., BGK guarantees).
Young Professionals / Digital Users
Intuitive mobile app, online account opening, contactless payments (Apple/Google Pay).
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