Banco Comercial Anticipates Positive Q2 Despite Provisions
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Banco Comercial Anticipates Positive Q2 Despite Provisions

Banco Comercial Portugues (GB:0RJN) has released an update.

Banco Comercial Português, S.A. has announced estimated provisions for legal risks tied to foreign currency mortgage loans at its subsidiary Bank Millennium S.A., amounting to PLN 518 million for Q2 2024, with an additional PLN 57 million for loans from the former Euro Bank S.A. Despite these provisions, a positive net result is expected for the quarter, with the official financial report to be released on July 26, 2024.

For further insights into GB:0RJN stock, check out TipRanks’ Stock Analysis page.

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