Bank Millennium merges with Euro Bank

According to CEO Joao Bras Jorge Bank Millennium will keep its seventh position in the banking sector. Marcin Kaliński/PAP

Bank Millennium has merged with Euro Bank and plans to make net revenues of PLN 1 billion (EUR 228.6 mln) in up to two years, the bank announced in a press release.

Bank CEO Jao Bras Jorge said that thanks to the merger with Euro Bank and maintaning a high rate of organic growth, the bank will keep its seventh position in the banking sector, and there will also be a significant improvement in the interest margin.

The bank said that the next step of integration will be an operational merger, planned for November 9-11, and the bank plans to rebrand and transfer all customers to one banking system.

One common offer and customer services via a unified online system will be launched on November 12.

Bank Millennium bought Euro Bank in May, 2019.