BCP net profit soars 71 percent, bank's Portugal ops regain strength
Reuters
Published May 07, 2018 17:19
BCP net profit soars 71 percent, bank's Portugal ops regain strength
LISBON (Reuters) - Portugal's largest listed bank Millennium bcp (LS:BCP) posted on Monday a steep 71 percent rise in first-quarter net profit with its domestic operations making a strong positive contribution while exposure to non-performing assets fell.
Net profit reached 85.6 million euros (75.3 million pounds) in the period, with the lender's business in Portugal netting just over half of the total, while a year ago it brought in only 9 million euros.
Net interest income - the difference between interest charged on loans and interest paid on deposits - rose almost 4 percent to around 345 million euros, Millennium bcp said in a statement.
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Written By: Reuters
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