Miguel Maya
Chief Executive Officer
Replay available
Banco Comercial Português (BPCGF) Q2 2026 Earnings Call
Banco Comercial Português (OTC: BPCGF) Q2 2026 earnings conference call, held 2026-07-30. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Miguel Bargança
Chief Financial Officer
Bernardo Collaço
Head of Portugal & International Operations
Ignacio Ulagi
Analyst, BNP Paribas
Alvaro Fernandes
Analyst, UBS
Maxim Mirsin
Portfolio Manager, JB Capital
Sophie Petersens
Analyst, Goldman Sachs
Miruna Quiréa
Analyst, Jefferies
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Banco Comercial Portugues S.a..
Replay transcript excerpt
WEBVTT 00:00:00.071 -- 00:00:05.133 Good afternoon, Miguel Maya speaking. Welcome to BCP's conference call. 00:00:05.133 -- 00:00:09.556 As usual, I will begin with the highlights of our performance, being followed by Miguel 00:00:09.556 -- 00:00:13.617 Barganca and Bernardo Collaço, who will provide additional detail. 00:00:13.617 -- 00:00:18.460 The first half of this year continued to be shaped by a complex global environment marked 00:00:18.460 -- 00:00:23.682 by persistent geopolitical tensions and their impacts on energy markets, 00:00:23.682 -- 00:00:29.015 international trade and inflation. These dynamics have weighed on global economic growth. 00:00:29.015 -- 00:00:34.079 Despite this backdrop, the Portuguese economy has maintained a solid trajectory. 00:00:34.079 -- 00:00:39.123 The Polish economy continues to grow at a robust pace, and the Mozambican economy also 00:00:39.123 -- 00:00:41.985 shows clear signs of normalization. 00:00:41.985 -- 00:00:46.529 Against this challenging context, the group delivered another quarter with a strong set 00:00:46.529 -- 00:00:51.904 of results. Net income reached 565.8 million euros 00:00:51.904 -- 00:00:57.007 in the first half and a 12.7% year-on-year increase. 00:00:57.007 -- 00:01:02.050 This performance reflects the bank's sustained capacity to generate value and the 00:01:02.050 -- 00:01:06.553 resilience of our business model as outlined in our strategic plan. 00:01:06.553 -- 00:01:11.636 In Portugal, we achieved a net income of 470.2 million, 00:01:11.636 -- 00:01:14.496 an increase of approximately 11%, 00:01:14.496 -- 00:01:19.120 Reinforcing the profitability trajectory of previous quarters. 00:01:19.120 -- 00:01:23.965 This performance was driven by a strong growth in net interest income, underpinned by 00:...