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Banco Comercial Portugues SA (BCP.LS)

BCP.LS on Lisbon Stock Exchange

0.21EUR
16 Aug 2019
Change (% chg)

€0.01 (+5.51%)
Prev Close
€0.20
Open
€0.20
Day's High
€0.21
Day's Low
€0.19
Volume
142,201,846
Avg. Vol
46,347,960
52-wk High
€0.29
52-wk Low
€0.19

Latest Key Developments (Source: Significant Developments)

BCP Sees Roe Growth Of Up To 10% in 2021
Monday, 5 Aug 2019 

Aug 5 (Reuters) - Banco Comercial Portugues SA ::SAID ON FRIDAY EXPECTS GROWTH OF UP TO 6 MILLION TOTAL ACTIVE CUSTOMERS IN 2021 .SEES 2021 ROE GROWTH OF UP TO 10%.EXPECTS TO REDUCE NPE STOCK TO ABOUT 3.0 BILLION EUROS IN 2021 .  Full Article

Millennium BCP H1 Net Profit Up 12.7% At 169.8 Mln Euros YoY
Monday, 29 Jul 2019 

July 29 (Reuters) - Banco Comercial Portugues SA ::SAYS H1 NET PROFIT UP 12.7% AT 169.8 MILLION EUROS VERSUS YEAR AGO.SAYS H1 NET INTEREST INCOME UP 7.6% AT 740.1 MILLION EUROS VERSUS YEAR AGO.SAYS H1 RETURN ON EQUITY 5.7% VERSUS 5.3% YEAR AGO.  Full Article

Millennium Bcp Says Evaluating Merger Of Wholly-Owned Subsidiary Banco De Investimento Imobiliario
Wednesday, 19 Jun 2019 

June 19 (Reuters) - Banco Comercial Portugues SA ::CURRENTLY EVALUATING MERGER WITH ITS WHOLLY-OWNED SUBSIDIARY BANCO DE INVESTIMENTO IMOBILIARIO BY INCORPORATION INTO BANCO COMERCIAL PORTUGUES, S.A., TO BE EFFECTED UNTIL YEAR-END 2019.  Full Article

Poland's Bank Millennium Agrees Merger Plan With Euro Bank
Friday, 7 Jun 2019 

June 7 (Reuters) - Bank Millennium ::SAYS AGREES PLAN OF MERGER WITH EURO BANK.SAYS EURO BANK SHAREHOLDERS WILL RECEIVE 4.1 OF THE MERGER SHARES FOR 1 OF THEIR EURO BANK SHARE.  Full Article

Bank Millennium Buys Around 99.79% Of Share Capital In Euro Bank For 1.8 Bln Zlotys
Friday, 31 May 2019 

May 31 (Reuters) - Bank Millennium ::SAYS BUYS AROUND 99.79% OF SHARE CAPITAL IN EURO BANK FOR 1.8 BILLION ZLOTYS.SAYS PAYS BACK UNSUBORDINATED LOAN IN AMOUNT OF 3.8 BILLION ZLOTYS GRANTED TO EURO BANK BY SOCIÉTÉ GÉNÉRALE.  Full Article

Polish Financial Regulator Raises No Objections To Bank Millenium Buying Euro Bank
Tuesday, 28 May 2019 

May 28 (Reuters) - Bank Millennium ::SAYS POLISH FINANCIAL REGULATOR RAISES NO OBJECTIONS TO ACQUISITION OF EURO BANK SHARES BY CO TOGETHER WITH BANCO COMERCIAL PORTUGUÊS .PLANNED ACQUISITION ASSUMES OBTAINING OVER 50% VOTES IN EURO BANK'S AGM BY COMPANIES.  Full Article

Portugal's Millennium BCP FY Net Profit Up 62 Pct YoY
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Banco Comercial Portugues SA ::FY NET INTEREST INCOME 1.42 BILLION EUROS VERSUS 1.39 BILLION EUROS YEAR AGO.FY NET PROFIT 301 MILLION EUROS VERSUS 186 MILLION EUROS YEAR AGO.FY NET COMMISSIONS UP 2.6 PERCENT AT 684 MILLION EUROS YOY.NPE'S IN PORTUGAL DOWN BY 5.5 BILLION EUROS AT END-DEC 2018 VERSUS YEAR AGO.CET 1 RATIO 'FULLY IMPLEMENTED' 12.0 PERCENT AT END-DEC VERSUS 11.9 PERCENT AT END-DEC 2017.TO PROPOSE A DIVIDEND DISTRIBUTION OF 10 PERCENT PAY OUT.  Full Article

Banco Comercial Portugues To Potentially Issue Perpetual Subordinated Notes
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - Banco Comercial Portugues SA ::SAYS INFORMS ABOUT POTENTIAL ISSUE OF PERPETUAL SUBORDINATED NOTES.NOTES WITH CALL OPTION AFTER END OF YEAR 5.IT HAS MANDATED MILLENNIUM BCP, CREDIT SUISSE, JP MORGAN AND UBS TO ARRANGE INVESTOR MEETINGS WITH QUALIFIED INVESTORS.5.125 PERCENT CET1 TRIGGER TEMPORARY WRITE DOWN MECHANISM MAY FOLLOW SUBJECT TO MARKET CONDITIONS.IT IS INTENDED THAT NOTES FULFILL REGULATORY REQUIREMENTS TO BE QUALIFIED AS ADDITIONAL TIER 1.  Full Article

Poland's Anti-Monopoly Watchdog Approves Acquisition Of Euro Bank By Bank Millennium
Thursday, 3 Jan 2019 

Jan 3 (Reuters) - Bank Millennium ::SAYS POLAND'S OFFICE OF COMPETITION AND CONSUMER PROTECTION (UOKiK) APPROVES TAKEOVER OF EURO BANK BY BANK MILLENNIUM.  Full Article

Bank Millennium Signs Deal To Buy Euro Bank For 1.83 Bln Zlotys
Monday, 5 Nov 2018 

Nov 5 (Reuters) - BANK MILLENNIUM ::SIGNS AGREEMENT TO BUY 99.787% OF EURO BANK SA FOR 1.83 BILLION ZLOTYS FROM SG FINANCIAL SERVICES HOLDINGS.THE BANK DOES NOT PLAN TO ISSUE SHARES TO FINANCE THE TRANSACTION, WILL PAY FOR TRANSACTION IN CASH.TOTAL SYNERGIES WITHIN NEXT FIVE YEARS ESTIMATED AT ABOUT 650 MLN ZLOTYS, THE BANK SAYS IN A PRESENTATION TO INVESTORS.THE TOTAL COSTS OF INTEGRATION WILL AMOUNT TO ABOUT 350 MLN ZLOTYS OVER 2019-2022.PLANS TO CLOSE TRANSACTION IN Q2 2019.ESTIMATES 17% ROI AT TIME OF REACHING PLANNED SYNERGIES.J.P. MORGAN AND CLIFFORD CHANCE WERE FINANCIAL AND LEGAL ADVISORS RESPECTIVELY IN A DEAL.SG FINANCIAL SERVICES HOLDINGS IS A UNIT OF SOCIETE GENERALE SA.  Full Article

Portugal Millennium BCP's quarterly net surge driven by home market

LISBON, May 9 Net profit at Millennium bcp, Portugal's largest listed bank, surged 80 percent in the first quarter from a year earlier, driven by lower impairments and higher trading income in its home market.