Portugal · Delayed Price · Currency is EUR Banco Comercial Português Earnings Call Transcripts
Fiscal Year 2025
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Net income rose 12.4% year-over-year to over EUR 1 billion, with strong growth in Portugal and Poland, robust capital ratios, and a proposed increase in shareholder distributions to up to 90% of annual net income. NII and fees are expected to grow mid to high single digits in 2026.
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Net income rose 8.7% to €776M, with strong loan and customer fund growth in Portugal and Poland. Cost of risk remains low, capital ratios are robust, and digital transformation is accelerating. Outlook calls for mid-single digit growth in NII and loans, with stable cost-to-income.
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Net income rose 3.5% YoY to €502 million, with strong results in Portugal and Poland and robust capital ratios. Digital transformation accelerated, cost of risk remained low, and guidance for stable NII and mid-single-digit loan growth was reaffirmed.
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Net income grew 3.9% year-on-year, with strong results in Portugal and Poland offsetting Mozambique's decline due to sovereign downgrades. Capital and asset quality remain robust, with guidance reaffirmed for stable NII, mid-single-digit loan growth, and cost discipline.
Fiscal Year 2024
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Net income rose 5.9% to €906 million in 2024, with strong growth in Portugal and Poland offsetting challenges in Mozambique. CET1 ratio reached 16.3%, and a €200 million share buyback was authorized, supporting a plan to distribute up to 75% of net income.
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Net income rose 9.7% year-over-year to EUR 714 million, with strong capital ratios and digital growth. The 2025-2028 plan targets ROE above 13.5%, cumulative net income of EUR 4-4.5 billion, and up to 75% shareholder payout, supported by robust business and risk management.
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Net income rose 15% year-over-year to EUR 485 million, with strong growth in Portugal and resilient results in Poland and Mozambique. CET1 ratio reached 16.2%, cost to income remained at 35%, and digital transformation drove customer engagement. Dividend payout for 2024 will be at least 50%.