SPCG – Ewa Mazurkiewicz appointed leader of SPCG’s capital market department
Dear Sirs,
We are pleased to announce that from October 20. 2016. Ewa Mazurkiewicz, of Counsel in the Warsaw branch of SPCG, leads SPCG’s capital market department.
Ewa Mazurkiewicz specializes in capital market law, in particural in the regulation of MIFID, MIFID II, ZAFI, UCITS V, MAD and MAR. Ewa Mazurkiewicz represents SPCG’s clients such as investment businesses, banks and insurance companies in proceedings before the Financial Supervision Authority (PFSA). Ewa Mazurkiewicz also advised inter alia in proceedings concerning the broadening of the product offer.
Millennium Leasing solid performance after three quarters of 2016
During three quarters of 2016, Millennium Leasing signed lease agreements worth more than 2,35 billion PLN. The company recorded more than 18% increase in the value of financed assets versus the same period of 2015 and 28% increase in the number of agreements signed.
– Two-digit increases result directly from our objectives defined at the beginning of the year and then pursued consistently. Among other things, we have improved our automated sales process with credit decision available within a few seconds. It fulfilled the needs of small and medium-sized companies for which the speed and simplicity of lease decision is of paramount importance. At the same time we did not reduce the dynamics of our cooperation with big companies which appreciate long-term relationship or use leasing as part of the broader range of the financial services offered by the Millennium Group. Good results confirm our conviction that we have selected the right development direction. – says Marcin Balicki, Chairman of the Management Board of Millennium Leasing.
The company recorded a unique, almost 24% increase year on year in real estate financing. After three quarters of 2016, the total value of the financed assets from the means-of-road-transport group was more than 1,45 billion PLN, which is almost 30% increase. In the category of heavy transport the value of financed assets went up by 22% versus the same period of 2015 and totalled 858 million PLN. In this category the fastest growing items were trucks above 3,5t (almost 46% increase), buses (30,4%) and semi-tractors (up 19,4 %). After three quarters, the value of the financed light vehicles reached more than 600 million PLN (more than 40% increase).
Also in the machinery and equipment segment which reflects the demand for investments in the Polish economy, the value of the transactions financed by Millennium Leasing exceeded 780 million PLN, i.e. it has increased by almost one fourth versus the same period of 2015.
Millennium Leasing is a company that offers financing of a wide array of investment projects, from simple cars, through a complete range of means of road and railway transport, ending with big and complicated machines and technological lines. The company is an active member of the Polish Leasing Association and one of the very first lease companies that launched its operations on the Polish market.
Wybór Konsumenta has launched its new edition in Poland.
Wybór Konsumenta has launched its new edition in Poland.
The market research process in Customer Satisfaction happens during September and October, with winners on the different categories being publically announced later.
The independent award and market research Escolha Do Consumidor (www.escolhadoconsumidor.com) keeps the international development in Poland.
Inscriptions for the award 2017 are open and are free of charge, through e-mail: info@wyborkonsumenta.com.pl.
Bank Millennium is celebrating half million Konto 360°accounts
Since its launch in May 2014, Konto 360° accounts have enjoyed unyielding interest of our Clients. Number of Konto 360° accounts at our bank has just exceeded half of a million. The person who opened the five-hundred thousandth account received from the bank a very special present – for the upcoming year, every month the bank will transfer onto this newly opened account 360 PLN.
– For me and our clients, half million accounts means half million reasons for joy and celebration. Konto 360° account continues to be the most popular and most frequently opened account at our bank. It has been particularly liked by those from medium-sized and large cities, with more-than average income, who appreciate free-of-charge ATM service in Poland and abroad, low costs and perfect online and mobile banking. Konto 360°account holders are highly active – 97% of them use their account card, their lion’s part make online transactions and one third uses our mobile application. Also Blik payments and transfers to e-mail and mobile phones are increasingly more popular. – says Przemysław Dukiel, Head of the Current Accounts Sub-unit at Bank Millennium.
Konto 360º account is an offer for the entire family. Apart from standard account there are also special versions geared to the needs of the young: Konto 360º Junior account for children and youth up to 18 years of age and Konto 360º Student account for those aged 18-26 years. Account fees have been limited down to zero and they are as follows:
- 0 PLN account fee,
- 0 PLN card fee,
- 0 PLN for ATM withdrawals.
They are guaranteed upon joint fulfilment of two simple conditions. You just need total account deposits of minimum 1000 PLN and at least 1 payment with your account card or BLIK a month, and for Konto 360º Junior and Student accounts – 1 payment with your account card or BLIK a month. Moreover, irrespective of fulfilment of these conditions, clients pay 0 PLN for standing orders and direct debits, 0 PLN for domestic PLN online and mobile transfers and 0 PLN for e-mail or transfers to mobile phones.
For more information about Konto 360º account offer visit Bank Millennium branches across Poland, call our TeleMillennium info-line (801 331 331) or go to www.bankmillennium.pl.
SPCG has advised PRA Group, the world leader in acquisition and management of non-performing debt portfolios, in the transaction of DTP S.A. share acquisition.
SPCG has advised PRA Group, the world leader in acquisition and management of non-performing debt portfolios, whose parent company – PRA Group Inc. – is an American company listed on Nasdaq, on the acquisition transaction of shares of the company – DTP S.A. listed on the Warsaw Stock Exchange S.A.
PRA Group has been present on the Polish market since 2014. The acquisition of DTP S.A. shares is part of the PRA Group long-term strategy to expand the presence on the Polish market.
SPCG has worked on the complex transaction management, which covered, among other things, DTP S.A. due diligence, negotiations with the previous shareholders of the company, and the advice when the tender offer for the sale of 100% of DTP S.A. shares was announced and the representation in the proceedings before the President of The Office of Competition and Consumer Protection.
PRA Group has acquired 99,73% of DTP S.A. shares for the total amount of PLN 174,5m, as a result of the successful completion of the tender offer.
SPCG Partner Artur Zapała was involved in the transaction with the support of Of Counsel Ewa Mazurkiewicz, Associates: Agnieszka Kołodziej – Arendarska and Agnieszka Zelek, and Junior Associate Hubert Andziak. SPCG Partner Wawrzyniec Rajchel was involved in the proceedings for the granting of approval of the President of The Office of Competition and Consumer Protection.
Millennium Leasing and MOTO Flota signed a cooperation agreement
At the end of March Millennium Leasing and MOTO Flota concluded a cooperation agreement. Following the joint agreement, AutoKomfort+ service was developed, to be available already from June for Millennium Leasing clients financing passenger cars and trucks up to 3,5 t.
AutoKomfort+ service, i.e. convenient, fast and economical management of company’s car fleet is a solution with tangible benefits for clients. Activation of the service will support cost reduction and increased control over the process of vehicle maintenance. The use of the service is simple and transparent. Clients will get an access to wholesale purchases of automotive parts and maintenance services at attractive, discount prices – fixed all over Poland. They will be supported by a call centre providing advisory services in management of even a small fleet of vehicles. Celebrating the 25th anniversary of Millennium Leasing’s presence on the market, until the end of 2016 clients will be able to try out the service free of charge.
The cooperation agreement was concluded by Wojciech Rybak, Chairman of Millennium Leasing and Adam Kapek, Chairman of MOTO Flota company. – We have responded to the needs of our clients. The clients themselves told us what they need in their every-day work – said Wojciech Rybak, Chairman of the Management Board of Millennium Leasing. The new product that we are launching in a joint effort with Millennium Leasing, is a perfect opportunity to extend our services to the new client group – said Adam Kapek, Chairman of the Management Board of MOTO Flota.
MOTO Flota is one of the market leaders providing innovative fleet management services to business clients and leading CFM companies in Poland. The company belongs to Moto-Profil Group – the main distributor of automotive parts in Poland. In their operations, the companies are first and foremost focussed on loyalty to their commercial partners and on-time deliveries.
For many years, Millennium Leasing has been offering lease financing for majority of sectors in Poland. The Company is an active member of the Polish Leasing Association and one of the first lease companies on the Polish market.
