Overview - Internationalization

The Bank has opted clearly by na internationalization strategy after consolidating a relevant position in the Portuguese market.

In the field of internationalization, Millennium bcp has, in recent years, focused chiefly on selected business areas and geographic markets, aiming at taking advantage of distinctive competitive advantages in the local marketplaces, supported by the experience and know how of Millennium bcp in terms of segmentation and retail distribution of financial products and services.

Within the scope of business internationalisation strategy, Millennium bcp has continued to be committed to promoting operations carried on in those foreign markets in which it trades autonomously or through subsidiaries, though the prime focus of new investment has been on operations under way in European markets of high growth potential: Poland (Bank Millennium), Greece (Millennium bank), Turkey (Millennium Bank) and most recently in Romania (Millennium bank). In the Iberian market, Millennium bcp and Bank Sabadell established an agreement according to which Millennium bcp supports Banco Sabadell's Customers in Portugal and Banco Sabadell supports Millennium bcp's Customers in Spain.

At the same time, Millennium bcp carries on the development of autonomous operations in diversified geographic markets either with strong historical relations with Portugal - Angola (Millennium Angola), Mozambique (Millennium bim) or in ethnic markets with relevant presence of Portuguese communities such as in the USA - Millennium bcpbank (bcpbank). The Bank has also a private banking platform in Switzerland, which plays an important role in the Private Banking and Asset Management business area, providing a service to Group's Customers in Portugal, Poland, Greece an in other countries.