BCP shrinks its bad credit pile in Portugal by €1.8 billion

Over the year between June 2018 and June 2019, Millennium bcp has reduced by €1,8 billion its non-performing credit portfolio in Portugal.

The bank headed by Miguel Maya closed the first semester of this year with a non-performing exposure (NPE) portfolio of €4,1 billion in the Portuguese market, comparing to the €5,9 billion recorded in June last 2018.

On a consolidated basis, the BCP group is still sit on a non-performing stockpile of €5 billion, less €1,7 billion than one year ago. Its NPE ratio decreased to 9,1% in june, from the 13,2% recorded twelve months ago.

BCP’s profits increase by 12,7% in the first half of 2019, up to €169,8 million.

Original Story: Dinheiro Vivo | Elizabete Tavares
Photo: Millennium BCP site
Translation & Edition:Prime Yield