BNU reports a year-on-year profit growth of 13.6% in the first nine months of the year

Banco Nacional Ultramarino (BNU) de Macau reported a 13.6% increase in net profits for the first nine months of the year, totaling 358.3 million patacas. The bank's financial margin rose by 5.3% to 666.3 million patacas, supported by credit growth despite lower interest rates impacting asset profitability. The bank noted stable service and commission results, while financial operations faced challenges due to currency losses. Credit provisions decreased significantly, contributing to improved net results. The bank's credit portfolio grew by 6.3%, and its non-performing loan ratio remained low. BNU's solvency ratio exceeded regulatory requirements, reflecting strong capital and liquidity positions.