Banco Comercial Portugues (GB:0RJN) has released an update.
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Banco Comercial Português has announced that its subsidiary, Bank Millennium S.A., will set aside PLN 470 million for provisions related to legal risks from FX mortgage loans in Q3 2024, and an additional PLN 62 million for risks associated with the loan book of the former Euro Bank S.A. Furthermore, the cost of credit holidays has been revised down by PLN 44 million, which will have a positive impact on the bank’s interest income for the period. The final figures will be released in the upcoming financial statements on October 29, 2024.
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