BCP becomes fourth main listed company on Euronext Lisbon

It’s good news for one of Portugal’s main high street clearing banks, Millennium bcp, which has not only posted a healthy 1H profit, but also has become the fourth major listed company on the Euronext Lisbon stock market in terms of share performance.

Millennium bcp closed 1H with profits of €502.3 million or a 3.5% increase on the same period in 2024.

And the bank’s shares gained 96.3% in value between June 2024 to June 2025.

The CEO of BCP, Miguel Maya, said that the period between January and June had been marked by uncertainty, especially geopolitical, but stressed the positive data on Portugal’s economy coming out of the National Statistics Institute (INE).

At a national level, the bank enjoyed a net result of €424 million for the first half, up 3.2% on 2024, while its international operations saw a growth of 11.8%, climbing from €131.1 million to €146.6 million.

Its Polish bank Bank Millennium garnered a profit of €121.1 million, despite the costs associated with its portfolio of mortgages in Swiss Francs now standing at €276.5 million.

Nevertheless, the bank managed to reduce these mortgages in Swiss Francs by 31%.

Regarding the entry of a new group into the Portuguese market, with the purchase of Novo Banco by BPCE, Miguel Maya pointed out that this was a “prestigious group” and would force BCP to be more innovative, to be faster and that “it will make life difficult” for the bank.

BPCE has a collaboration with BCP in France, in which the Portuguese bank holds 20%. Miguel Maya clarified that they were in a “reflection phase” on this issue, now that there is competition on the national level. However, he stressed that was no urgency in this matter.

And BCP posted results that were better than the European average for a bank in terms of the stress test that it was subjected to by the European Banking Authority (EBA), added the bank in a communiqué published on the Portuguese securities market CMVM website.

“The Banco Comercial Português (BCP) was submitted to the EBA Stress Test 2025 in cooperation with the Bank of Portugal, the European Central Bank and the European Systemic Risk Committee (ESRB)”, states the bank.

“The stress test’s adverse scenario was defined by the ECB and ESRB and covers the period 2025-2027 and was based on the balance for December, 2024 remaining unchanged and, as a consequence, did not take into account business strategies or future management of shares, not representing a forecast of BCP’s financial evolution”.

The results showed that the bank was more resilient in the face of a potential economic crisis thanks to an increase in its profits, concluded the EBA in its stress test.