BCP's profit rises 12.6% to 873.7 million euros by September

BCP reported a net profit of €873.7 million for the first nine months of the year, marking a 12.6% increase compared to the previous year. The net income from operations in Portugal reached €727.9 million, an 11.2% year-on-year growth. CEO Miguel Maya described the period as challenging due to exceptional circumstances requiring close management. Customer credit rose by 7.8% to €66.2 billion, while total customer resources increased by 7.1% to €116.3 billion. Commissions totaled €660.4 million, up from €628.8 million last year. Operational costs rose by 36% to €1.087 billion. As of September 30, BCP had 384 branches in Portugal and 5,983 employees, down from 6,224 the previous year. BCP shares rose by 0.05% to €1.09.