BCP Group reports robust financial growth with record lending and deposits
The BCP Group has reported strong financial growth for the latest period. The bank’s net interest margin climbed by 2.4%, while lending and deposits both saw significant increases. Operations in Portugal played a key role in driving these results. Total lending across the group reached €63.4 billion, up by 7.2%. In Portugal alone, gross lending rose to €43.9 billion—a 9.6% jump—with mortgage lending hitting €22.3 billion, an 11.4% increase. The country’s operations also boosted the group’s earnings by €265.4 million, marking a 21.2% rise.
Customer deposits grew to €90.7 billion, a 6.6% increase. Meanwhile, provisions for loan losses dropped sharply by 22.6%, falling to €148.1 million. The group’s net fee and commission income also improved, rising 8.2% to €218.0 million.
In Poland, the BCP Group added €71.2 million, a 67.8% surge. Operating costs, however, edged up by 4.5% to €354.9 million, with personnel expenses rising 4.4% to €196.4 million. On a positive note, other operating income turned a €13.3 million loss from the previous year into a €26.7 million gain. The BCP Group’s latest figures show solid growth in lending, deposits, and earnings. Lower loan loss provisions and higher fee income further strengthened the results. The bank’s expansion in Portugal and Poland contributed significantly to its performance.
