BCP made a profit of 565.5 million euros in the first half of the year.

It has not gone unnoticed by those who follow the Portuguese financial market closely; BCP (Banco Comercial Português), the country's largest private bank, continues its journey without slowing down after that record year in 2025. The announced figures for the first half of 2026 are on the table and the picture is quite clear: Net profit increased by 12.7% compared to the same period last year, reaching 565.5 million euros. At a time when uncertainties in global markets continue, this performance once again shows how strong BCP's safe is. The Real Engine Behind Profit: Service Mobility There is a very important detail that the bank's CEO, Miguel Maya, underlined at the press conference where he evaluated the results. Yes, there is a recovery in net interest income, but what made the real difference was the 5.8% increase in fee and commission income. Maya specifically emphasized that this revenue increase was not due to increasing prices, but to a significant increase in customers' transaction volume and service usage. In other words, the bank won not by increasing prices, but by working harder in the field and turning transactions. The Polish Factor That Relieves the Balance Sheet When we go into details of the numbers: While core revenues increased by 4%, operating expenses increased by 5.4%. One of the biggest factors supporting this jump in net profit is the decrease in provisioning items. In particular, BCP's subsidiary in Poland experienced a decrease of 136 million euros in legal risk provisions related to those painful Swiss franc mortgage loans from the past. This gave direct relief to the balance sheet. There are deposits, but credit appetite is not yet at the expected level When we look at the consolidated data, customer loans have grown by 8.3% and customer funds (deposits) have grown by 9.8%. However, the loan-deposit ratio is still below 70%. CEO Miguel Maya is also not very happy with this situation; They did not hide that they wanted this resource in the safe to turn into more loans and flow into the market. Although Maya remained cautious and avoided giving a clear target figure for the rest of the year, she clearly stated that this was the best half-year result in the bank's history. He even added that some goals in the strategic plan were achieved much ahead of schedule. BCP, which is the locomotive of the Portuguese banking sector, will obviously make a name for itself in the second half of the year. (Original details of the news were published on Eco.pt.)