Banco Comercial Português (BPCGF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Millennium BCP 9-month 2025 earnings conference call and webcast. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, please press star 1 and 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 and 1 again. Please note that today's conference is being recorded. I would now like to the conference over to your speaker, Mr. Miguel Maia. Please go ahead. Good afternoon. Miguel Maia speaking. Welcome to BCP earnings conference call. As usual, I will mention the highlights of our performance and then Miguel Braganza and Bernard Colas will follow, providing additional details. Recent times have been marked by high levels of volatility and instability that haven't faded away. The social and economic shock waves in the markets where we operate, coming from geopolitical conflicts and tensions, demand increased resilience and agility from our side. Our performance in the first nine months of this year confirms the quality and capability of our business model to overcome adversities while expanding the franchise and generating increased profitability. Consolidated net income reached 776 million, a year-on-year increase of 8.7, driven by a solid operational performance that supported a core operating profit of 1.8 billion and a ROE of 14.6%. In Portugal, net income went up 8%, having reached almost 655 million, supported by a robust business model and a leading position in multiple business firms. The net income of international operations increased 19.8%, driven by Poland, where, despite the costs with legal risks sti...