BCP. Profit rises 3.9% to 243.5 million in the 1st quarter

The BCP registered a profit of 243.5 million euros in the first quarter, which represents an increase of 3.9% compared to the first three months of 2024. Only the net result of the activity in Portugal set out at 218.9 million euros during this period, corresponding to an increase of 7.6% compared to the same year’s homologous period. It is, according to the CEO of the financial institution, of a “quite reasonable” net result, taking into account the “very difficult geopolitical situation”.

According to the financial institution led by Miguel Maya, the net result of the activity in Portugal was influenced by the increase of 9.3% (+14.4 million euros) recorded in operating costs that totaled 168.6 million euros in the first quarter of 2025. They are also above the amount determined in the first quarter of 2024, they had a less expressive impact on the evolution compared to the same year’s same year quarter. ”

And he says he was also conditioned by the evolution of other net exploration benefits, from a benefit of 5.8 million euros in the first three months of 2024 to a cost of 2.0 million euros in the first three months of 2025, as well as the reduction of core benefits from 481.3 million euros to 473.6 million euros in the same period.

The financial margin (difference between interest charged in credits and interest paid in deposits) rose 3.6% to 721.1 million euros and the commissions increased 2.1% to 201.4 million euros.

In the first three months of the year, net committees totaled 201.4 million euros, growing 2.1% compared to 197.3 million euros registered in the same year’s same year.

The BCP exceeded 100 billion euros from customer resources, registering a growth of 6%, including deposits (85.1 billion) and out -of -balanced resources (18 billion).

The credit portfolio rose 2.2% at the group level, and in Portugal it grew 1.3% to 38.9 billion.