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Millennium Bank Romania continues its capital increase plans

Autor: Bancherul.ro
2009-02-11 21:23

The shareholders of Millennium Bank Romania reaffirmed their support by increasing the capital of the bank by RON 285.42 million. This capital increase took place by issuing 2,854,200 new shares at RON 100 each, representing an issuing premium of RON 50 over their nominal value of RON 50, said the bank in a press release.

After this increase, the share capital of Millennium Bank Romania is RON 370.46 million.

�This capital increase follows the business development plan agreed by the shareholders of Millennium Bank Romania. As stated before, we have a strong and long term commitment towards the local market and we continue the process of consolidating our business here�, said Jose Toscano, CEO of Millennium Bank Romania.

This is the second capital infusion in the Romanian business, after the launching of the bank in 2007, the first capital increase taking place in 2008. �According to our initial strategy, new capital increases may take place in the next years, positioning us as one of the best capitalized banks in the market�, added Jose Toscano.

Millennium Bank, part of the largest financial private group in Portugal - Millennium bcp, started its activity on the Romanian market on October 11, 2007, by simultaneously opening 39 branches in Bucharest and in other eight cities of the country. Now, Millennium Bank has 71 units throughout Romania, out of which 23 Financial Centers, 47 Credit Centers and one Private Banking branch. Millennium Bank addresses both companies and individuals, by offering an extensive range of products.

Millennium bcp is a success story in European banking. Founded in 1985, Millennium bcp registered, in September 2008, total assets of EUR 93.1 billion. Millennium is Portugal's leading financial group and one of the top 100 in the world, and is listed on more than 40 national and international stock market indices with emphasis on the Euronext PSI Financial Services, PSI-20, DJ Eurostoxx banks, Bebanks, Euronext 100, of the Lisbon, Frankfurt, London and Amsterdam Stock Exchanges.

Millennium bcp has a network of over 1,700 units in 15 countries and over 22,000 employees.

Millennium bcp provides a wide range of products and services, namely savings, investment, mortgage loans, consumer credit, commercial banking, leasing, factoring, insurance, investment banking, private banking and asset management, serving its customers on a segmented basis. Emphasis is given to the Internet banking service, which has been distinguished in Europe for its quality and innovation. Since its incorporation, Millennium bcp has been renowned for its dynamism, innovation, competitiveness, profitability and financial strength. It has made its mark as the top leader in several financial business areas on the domestic market and as reference in the distribution of financial products and services on an international level.

Over the years, Millennium bcp expanded its global reach through operations on international markets, namely on European markets of high growth potential, such as Poland (Millennium bank), Greece (Millennium bank), Turkey (Millennium bank) and, recently, Romania (Millennium bank). At the same time, Millennium bcp develops other autonomous operations on diversified geographic markets, either with strong historical relations with Portugal or on ethnic markets with relevant presence of Portuguese communities, namely Millennium bim (Mozambique), Millennium Angola (Angola) and Millennium bcp Bank (USA). All operations are carried out under the Millennium brand. Millennium bcp is committed to building up a truly multi-domestic Bank of supra-national identity, with a focus on the creation of value on markets selected on the basis of a controlled risk profile and high growth potential, to become internationally recognized for excellence and innovation in the distribution of financial products and services.

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