Millennium bcp profit rises 26% on stronger margin, lower provisions in Poland

Bank Millennium SA

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/))