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Banco Comercial Portugues SA (BCP.LS)

BCP.LS on Lisbon Stock Exchange

0.26EUR
8 Dec 2017
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€0.26
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64,691,700
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€0.27
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€0.13

Latest Key Developments (Source: Significant Developments)

Polish Millennium to issue bonds worth up to 700 mln zlotys
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Bank Millennium ::Poland's Bank Millennium plans to issue 10-year subordinated bonds worth up to 700 million zlotys ($198.63 million) on Dec. 7, it said in a statement on Monday.The bonds will be issued as part of Millennium' 2-billion zlotys bond issue approved in 2015.  Full Article

Bank Millennium Q3 net profit ‍​187.5 million zlotys, beats forecasts
Monday, 30 Oct 2017 

Oct 30 (Reuters) - BANK MILLENNIUM :Q3 NET PROFIT ‍​187.5 MILLION ZLOTYS VERSUS 183 MILLION ZLOTYS SEEN IN REUTERS POLL.Q3 NET INTEREST INCOME 438.3 MILLION ZLOTYS VERSUS 383.0 MILLION ZLOTYS YEAR AGO.Q3 NET FEE AND COMMISSION INCOME 165.5 MILLION ZLOTYS VERSUS 150.2 MILLION ZLOTYS YEAR AGO.  Full Article

Black Rock's stake in BCP falls below 2 percent after rights issue
Monday, 13 Feb 2017 

Banco Comercial Portugues SA : Said on Friday Black Rock's stake in BCP falls below 2 percent threshold following rights issue .On Feb. 6 said Black Rock held 3.01 percent stake in BCP [nFWN1FR01P].  Full Article

BCP to continue talks with Fosun, to regroup shares
Wednesday, 28 Sep 2016 

Banco Comercial Portugues SA : Informs about exclusive negotiation with Fosun Industrial Holdings Limited <0656.HK> [nL8N1C24FU] . Says board decided to mandate the executive committee to proceed with and complete negotiations with Fosun .Says to carry out a reverse stock split without decrease of the share capital in the proportion of 75 old shares exchanged for 1 new share.  Full Article

Millennium bcp says talks with Fosun on stake in bank going well
Monday, 26 Sep 2016 

Miguel Braganca, CFO of Portugal's largest-listed bank Millennium bcp , says: Talks with China's Fosun, which offered to buy a stake of at least 16.7 percent via a dedicated capital hike, are progressing well. . "It is the board that will decide on the offer, but these negotiations with Fosun are running well," Braganca says. . "Fosun has an interesting presence in other parts of the world ... and its experience can be relevant for the banking business in various dimensions," he said. . On Sept. 14, the bank's board agreed to expand the negotiations with Fosun on its offer made on July 30, which also envisages a possible further increase of the stake to up to 30 percent. Further company coverage: [BCP.LS] (Reporting by Sergio Goncalves) ((andrei.khalip@thomsonreuters.com;)).  Full Article

Polish regulator seeks additional capital buffer for BCP unit
Thursday, 18 Aug 2016 

Poland's Bank Millennium : Poland's financial regulator KNF has asked the country's macroeconomic stability body KSF to give an opinion on whether to recognise Poland's Bank Millennium a "systemically important institution" and require it hold a capital buffer equal to 0.25 percent of its risk exposure, the bank said late on Wednesday. .Millenium, Poland's No.8 bank by assets, is the Polish unit of the Portuguese bank BCP ..  Full Article

Portugal's Millennium bcp says Fosun offer not hostile, reassuring
Monday, 1 Aug 2016 

Portugal's largest listed bank, Millennium bcp , says: Saturday's offer received from China's Fosun to buy a stake of at least 16.7 percent via a dedicated capital hike, with a possible further increase of the stake to up to 30 percent, is not considered hostile. [nL8N1AH0C6] . "We see Fosun's proposal as an interesting offer by a very credible investor. We do not consider this as a hostile approach," a Millennium bcp spokesman tells Reuters. . "They (Fosun) do not seek to gain control of the bank, but want a relevant shareholding position, which shows that there are important international investors out there who are ready to support Millennium bcp in the implementation of its strategic plan," the spokesman adds. Further company coverage: [BCP.LS] (Reporting by Sergio Goncalves) ((andrei.khalip@thomsonreuters.com;)(351)(213-509-209; Reuters Messaging: andrei.khalip.thomsonreuters.com@reuters.net)).  Full Article

Poland's Millennium Q3 net unlikely to improve y/y - CEO
Tuesday, 26 Jul 2016 

: Poland's Bank Millennium CEO said on Tuesday that he would not expect net profit in the third quarter this year to match the result from the same period in 2015 due to the negative impact of bank tax. . "We will recover part of the (negative effect) of the banking tax, but it is not realistic to expect the same situation," Joao Bras Jorge told a news conference. . Earlier on Tuesday, the Polish unit of Portugal's Millennium BCP said its second-quarter net profit amounted to 294 million zlotys ($74.14 million). [nFWN1AB0TA] . In the third quarter of 2015 Millennium's net profit stood at 166 million zlotys. Further company coverage: [ MILP.WA] ($1 = 3.9654 zlotys) (Reporting By Agnieszka Barteczko) ((agnieszka.barteczko@thomsonreuters.com;)).  Full Article

Portugal's Millennium bcp seeks to expand in Mozambique-CEO
Tuesday, 28 Jun 2016 

CEO of Portugal's largest listed bank, Millennium bcp , says: Mozambique is a core market, expanding there is seen as a priority. . Will seek to put the Mozambican unit Millennium bim among Africa's top 50 banks, now ranks around 60th. . "We sincerely believe we can get to the top 50 in a while... But we want to grow well, in a profitable and sustainable fashion," Nuno Amado says. . Millennium bim, which has an average 30 percent share of the Mozambican market, is 67-percent owned by Millennium bcp, while the government of Mozambique has a 30 percent stake. Further company coverage: [BCP.LS] (Reporting by Sergio Goncalves) ((andrei.khalip@thomsonreuters.com;)(351)(213-509-209; Reuters Messaging: andrei.khalip.thomsonreuters.com@reuters.net)).  Full Article

Banco Comercial Portugues to keep ActivoBank in the BCP Group
Monday, 6 Jun 2016 

Banco Comercial Portugues SA : Said on Friday that it had completed the evaluation of several scenarios to enhance the value of ActivoBank .Informs having decided to keep ActivoBank in the BCP Group.  Full Article

BlackRock, Pimco and others boycott BCP bond

LONDON, Nov 28 (IFR) - Two of the world’s biggest fixed income investors, BlackRock and Pimco, have decided to boycott an issue of Tier 2 bonds by Banco Comercial Portugues, which is due to price tomorrow, as a protest against the Portuguese authorities’ treatment of Novo Banco bondholders.