According to EBRD website, this aims to support the optimisation of Bank Millennium S.A. capital structure by increasing the weight of Tier 2 instruments and MREL-eligible funding base, in line with the regulatory requirements to be defined at European and local level. EBRD will provide support to Bank Millennium S.A. bond issuance, mobilising the institutional investor base and contributing to the development of the Polish capital market. This will support the Bank's Green Economy Transition ("GET") approach in Poland via Bank Millennium allocating 150% of the EBRD funds towards funding certified commercial and residential projects which meet the GET eligibility criteria. It will also strengthens the capital adequacy of one of the biggest banks in Poland.
Bank Millennium S.A. is the 6th largest commercial bank in Poland by total assets. It was established in 1989, it is majority owned by Banco Commercial Portugues SA and it is listed on the Warsaw Stock Exchange. Bank Millennium S.A. is rated BBB-/Baa2 (Fitch/Moody's). It operates a traditional universal banking model and has a well-established (mostly retail focused) market franchise.
Financial Institutions Department, Bank Millennium SA
Email Address: email@example.com
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at firstname.lastname@example.org or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.