Fernando Bicho
Deputy Chairman of the Board and CFO
Replay available
Banco Comercial Português (BPCGF) Q4 2024 Earnings Call
Banco Comercial Português (OTC: BPCGF) Q4 2024 earnings conference call, held 2025-02-14. Replay captured from the company's public earnings webcast.
Hosted by
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Joao Brajors
Chairman of the Board and CEO
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 00:00:00.031 -- 00:00:05.057 Welcome again. Welcome to Bank Millennium 4Q24 slash 2024 00:00:05.057 -- 00:00:10.162 results presentation. Today's event will be hosted by Mr. 00:00:10.162 -- 00:00:13.185 Joao Brajors, our Chairman of the Board and CEO, and Mr. 00:00:13.185 -- 00:00:16.729 Fernando Bicho, Deputy Chairman of the Board and CFO. 00:00:16.729 -- 00:00:20.614 In the interest of time, we know there's a competitive event right after ours. 00:00:20.614 -- 00:00:25.799 We'll try to briefly present the results, and then we will obviously be ready to answer 00:00:25.799 -- 00:00:29.862 all your questions. Over to you, Fernando. 00:00:30.828 -- 00:00:33.549 Thank you. Good afternoon. 00:00:33.632 -- 00:00:37.474 Thank you very much for attending this meeting. 00:00:37.777 -- 00:00:43.143 As usual, around this time of the year, we present the preliminary results of the previous 00:00:43.143 -- 00:00:45.143 year. 00:00:45.286 -- 00:00:51.612 And until the end of February, we will publish the audited financial results. 00:00:51.634 -- 00:00:57.021 So let me start with the main financial achievements in the fourth quarter 00:00:57.021 -- 00:01:01.965 and in the year 2024, starting with page number five. 00:01:02.165 -- 00:01:07.459 We had in the year 2024 a net profit of 790 00:01:07.459 -- 00:01:12.512 million zlotys, which represents a 25% growth over 00:01:12.512 -- 00:01:18.348 the profit of the previous year. If we exclude extraordinary 00:01:18.348 -- 00:01:23.776 items, both negative and positive, in the last two years, 00:01:23.776 -- 00:01:27.261 we would have shown a net 00:01:27.261 -- 00:01:29.484 profit of 3.2 00:01:29.484 -- 00:01:35.270 billion zlotys, which would represent a growth of 7% versus 2023. 00:01:35.493 -- 00:01:40.741 The result was s...