Maruna Cherea
Analyst, Jefferies
Replay available
Banco Comercial Português (OTC: BPCGF) Q1 2026 earnings conference call, held 2026-05-07. Replay captured from the company's public earnings webcast.

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WEBVTT 00:00:01.972 -- 00:00:07.178 Good day and thank you for standing by. Welcome to the Millennium BCP First 00:00:07.178 -- 00:00:09.620 Quarter 2026 Earnings 00:00:09.620 -- 00:00:15.066 Conference Call. At this time, all participants are in a listen-only mode. 00:00:15.066 -- 00:00:18.510 After the speaker's presentation, there will be a question and answer session. 00:00:18.510 -- 00:00:23.615 To ask a question during the session, you will need to press star 1 and 1 on 00:00:23.615 -- 00:00:28.769 your telephone. You will then hear an automated message advising your hand is raised. 00:00:28.769 -- 00:00:32.475 To withdraw your question, please press star 1 and 1 again. 00:00:32.475 -- 00:00:36.882 Please be advised, today's conference is being recorded. 00:00:36.882 -- 00:00:39.806 We'd now like to hand the conference over to your speaker today, Mr. 00:00:39.806 -- 00:00:43.092 Miguel Maia. Please go ahead. 00:00:43.092 -- 00:00:47.458 Good morning. Miguel Maia speaking. Welcome to BCP earnings conference call. 00:00:47.458 -- 00:00:51.305 As usual, I will mention the highlights of our performance, and then Miguel Braganza 00:00:51.305 -- 00:00:55.617 and Bernard Colasso will follow, providing additional details. 00:00:55.617 -- 00:01:01.403 The first quarter proved particularly challenging with a global context marked by increasing 00:01:01.403 -- 00:01:06.408 instability and intensifying geopolitical tensions as conflicts erupted in 00:01:06.408 -- 00:01:11.513 the Middle East. These events have had a severe impact on international trade and energy 00:01:11.513 -- 00:01:13.515 costs worldwide, 00:01:13.515 -- 00:01:17.600 which in turn is affecting global economic growth. 00:01:17.600 -- 00:01:22.178 Despite operating in a complex environment, the bank's per...