Millennium bcp profit rises 26% on stronger margin, lower provisions in Poland
06/05/2026 17:14
LISBON, May 6 (Reuters) - Portugal's largest listed lender Millennium bcp BCP.LS said on Wednesday its first-quarter net consolidated profit rose nearly 26%, beating expectations, as it was driven by a stronger net interest margin and lower provisions at its Polish unit. It posted a net profit of 305.8 million euros ($359 million), above the average forecast of 208 million in an LSEG poll of analysts, as net income at its domestic business rose by 21.2% to 265.4 million euros. ($1 = 0.8511 euros) (Reporting by Sergio Goncalves;) ((sergio.goncalves@thomsonreuters.com; +351213509204; Reuters Messaging: sergio.goncalves.reuters.com@reuters.net/))
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