BM in high spirits following BCP's increased engagement

The move reflects BCP's long-term commitment to the institution, Bank Millennium CEO Boguslaw Kott said adding, "BCP has made huge sacrifices to overhaul Millennium and with the bank now rapidly growing, it wants to participate in the profits." Bank Millennium unveiled a new strategy that will help it increase its market share in all of its core markets - retail banking, mortgage lending and consumer credit - to more than 4%, i.e. its share in the overall banking services market, through organic growth. Millennium is already a top three mortgage lender with 14% of the market and its credit-card business is also growing fast, with the number of cards issued more than doubling this year to 250,000, or some 4% of the market. By 2008, Bank Millennium plans to have a 8% share of the credit cards market and 4.5% in consumer credit and mutual funds. Shares in Bank Millennium have risen by 46.8% since the beginning of the year. (Puls Biznesu p. 12)