Consolidated profit of Banco Montepio rises 7.1% to 92.5 million by September

Banco Montepio reported a consolidated profit of €92.5 million for the first nine months of the year, a 7.1% increase year-on-year. The bank's net interest income rose by 4.4% to €260.2 million, driven by gains in its securities portfolio. The loan portfolio grew by 9.8%, reaching €14.283 billion, while customer deposits increased by 4.4% to €16.767 billion. Operational costs rose by 1.9% to €219.5 million, influenced by a 2.7% increase in staff costs. The credit risk remained low at 0.04%.