The Polish Financial Supervision Authority has approved the start of operations of Millennium Hipoteczny Bank.
“The Polish Financial Supervision Authority issued a permit to establish Millennium Bank Hipoteczny SA on June 16, 2020, and accordingly it will start work no later than June 16, 2021, because after that date, in the event that the commercial activity does not start, the permits referred to in this document will lose their validity. – It was written in the press release.
According to previous information, the capital of Millennium Bank Hipoteczny will amount to 40 million PLN and will be fully covered by the Millennium Bank with a cash contribution of 120 million PLN.
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