Banco Comercial Portugues (GB:0RJN) has released an update.
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Banco Comercial Portugues reported a strong financial performance for the first nine months of 2024, with a net income increase of 9.7% year-on-year, reaching EUR 714.1 million. The bank demonstrated solid capital ratios and liquidity indicators, alongside a notable growth in customer funds by 9.1%, underscoring its robust business model. Despite significant charges related to its CHF mortgage loan portfolio, the bank’s profitability and efficiency continued to improve, reflecting its resilience in the financial market.
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