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Banco Comercial Portugues ( (GB:0RJN) ) has shared an announcement.
Banco Comercial Português announced that its subsidiary, Bank Millennium in Poland, achieved a net profit of 719 million zlotys for 2024, marking a 25% increase year-on-year. The results were impacted by provisions for legal risks associated with Swiss franc-denominated mortgages and a banking tax. Despite these challenges, the bank reported a 7% growth in adjusted net profit and saw improvements in capital ratios, maintaining strong financial stability above regulatory requirements.
More about Banco Comercial Portugues
Banco Comercial Português, also known as Millennium bcp, is a prominent financial institution operating in the banking industry. It provides a range of banking services and products, with a significant market presence in Portugal and Poland through its subsidiary Bank Millennium.
YTD Price Performance: 10.43%
Average Trading Volume: 9,938,958
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €7.64B
See more insights into 0RJN stock on TipRanks’ Stock Analysis page.
