Millennium Bank offers promotional bid bonds with no hard collateral and competitive pricing
Companies with a turnover of minimum EUR 500,000 participating to bids can now benefit from Millennium Bank’s Bid Bonds promotional offer. Clients are not required any hard collateral and the bid bonds’ maximum limit can go up to RON 450,000, depending also on the company’s turnover and needs for issuing letters of guarantee. As a consequence, the bid bonds can be issued very quickly after the client’s request.

Besides this, the offer has a competitive pricing, with a granting fee of 0.6% from the total facility value and an issuance fee of EUR 25 (for bid bonds below EUR 5,000) or of EUR 50 (for bid bonds above EUR 5,000). The eligibility conditions are highly accessible and, in order to benefit from the special pricing for an entire year, clients only need to have an agreed flow through their accounts opened with Millennium Bank.

Bid Bonds promotional offer is available for six months, until September 2012. Millennium Bank’s trade finance offer also includes specific products such as letters of credit, letters of guarantee, collections, conditional payment orders, but also specific non-cash facilities such as cash collateral limits, multioptions limits.

Millennium Bank, part of the leading financial private group in Portugal, Millennium bcp, started its activity on the Romanian market on October 11, 2007, by simultaneously opening 39 branches in Bucharest and in other eight cities of the country. The bank addresses both individuals and companies, through an extensive range of products.

Millennium bcp is a success story in European banking. Founded in 1985, Millennium bcp registered, at the end of December 2011, total assets of EUR 93.5 billion. Millennium is Portugal's leading private financial group and is included in key national and international stock market indices, in particular the Euronext PSI Financial Services, PSI-20, DJ Eurostoxx banks, Bebanks and Euronext 100, of the Lisbon, Paris, Brussels and Amsterdam Stock Exchanges.

Millennium bcp group has a network of more than 1,700 units and a total of above 21,500 employees.

Millennium bcp provides a wide range of products and services, namely savings, investment, mortgage loans, consumer credit, commercial banking, leasing, factoring, insurance, investment banking, private banking and asset management, serving its customers on a segmented basis. Emphasis is given to the Internet Banking service, which has been distinguished in Europe for its quality and innovation. Since its incorporation, Millennium bcp has been renowned for its dynamism, innovation, competitiveness, profitability and financial strength.

It has made its mark as the top leader in several financial business areas on the domestic market and as reference in the distribution of financial products and services on an international level. Millennium bcp operates in Portugal, Poland, Greece, Romania, Switzerland, Mozambique, Angola, Macao, France and Luxembourg. All operations are carried out under the Millennium brand.

Millennium bcp's focus is on the creation of value in markets selected on the basis of a controlled risk profile and high growth potential, to sustain its internationally-recognized service excellence and innovation in financial products.