Millennium bcp's profit up 8.7% driven by Polish unit

Banco Comercial Portugues SA

29/10/2025 17:11

LISBON, Oct 29 (Reuters) - Portugal's largest listed bank, Millennium bcp BCP.LS on Wednesday posted an 8.7% rise in nine-month profit, boosted by its Polish unit Bank Millennium MILP.WA and solid domestic operations, despite pressure from lower ECB rates.

It booked a consolidated net profit of 776 million euros  ($905 million), while net income of its half-owned Polish subsidiary soared 56% to 202 million euros as charges related to its Swiss franc mortgage loan portfolio decreased.

Consolidated net interest income (NII), a measure of earnings on loans minus deposit costs, rose 2.6% to 2.17 billion euros, supported by activities abroad, the Portuguese bank said in a statement.

($1 = 0.8575 euros)

 (Reporting by Sergio Goncalves; editing by Andrei Khalip)

 ((sergio.goncalves@thomsonreuters.com; +351213509204; Reuters Messaging: sergio.goncalves.reuters.com@reuters.net))