Banco Comercial Reports Strong Growth in H1 2024

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

Banco Comercial Português reported a robust first half of 2024 with net income rising to €485.3 million, a 14.7% increase from the previous year, and core operating profit reaching €1,174.1 million. There was substantial growth in the customer base and mobile user engagement, as well as a significant improvement in capital ratios and liquidity indicators. Additionally, the bank saw a reduction in non-performing assets and a lower cost of risk, evidencing its financial stability and efficient operations.

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