BPI. Profit rises 13% to 137 million in the first quarter
The BPI obtained a net result of 137 million in the first quarter of 2025, which represents a 13% increase compared to the 121 million recorded in the same period of the previous year. According to the financial institution, the activity in Portugal contributed 98 million, a decrease of 13%, « reflecting the repricient of credit with lower index. » This result also includes BFA dividend relating to 2024.
« The results of this quarter confirm the strong dynamism of BPI’s commercial activity, reflected in the 7% growth in savings capture and the 5% increase in credit granting, with emphasis on housing credit, where we registered almost 1 billion euros in new operations in the quarter, » says João Pedro Oliveira and Costa, CEO of the Bank. He adds: « We are prepared for the current cycle of market interest rates descent. Although this movement can press the financial margin, we believe it will have a positive effect on the financial capacity of families and companies, contributing to economic stability. »
Recurring costs remain stable and the risk cost is at a reduced level of 0.10%. The profitability of recurring tangible capital in Portugal ascended 17.5% in March 2025 (last 12 months).
The financial institution also said that, by the end of April, there were 4,760 requests for public housing credit and loans were granted total of 240 million euros.
