BCP's Q1 2026 profits surge 25.6% despite economic headwinds
BCP has reported a strong start to 2026, with first-quarter profits climbing by 25.6%. The bank’s consolidated net profit reached €305.8 million, despite a more difficult economic environment. CEO Miguel Maya acknowledged the period as 'complex and challenging' for the business. The bank’s earnings growth came alongside a 2.4% increase in net interest margin, which rose to €738.4 million. In Portugal alone, this figure jumped 9.8% to €357.8 million. Fee and commission income also saw gains, with domestic revenue up 8.5% to €160.4 million and consolidated earnings rising 8.2% to €218 million.
Portugal played a key role in the results, contributing €265.4 million to the quarter’s profit—a 21.2% year-on-year rise. The bank’s return on equity (ROE) stood at 15.9%, reflecting improved efficiency. Meanwhile, BCP’s loan portfolio expanded by 7.2%, reaching €63.4 billion. The bank also made progress in reducing risk, cutting non-performing exposures (NPEs) by €238 million compared to March 2025.
BCP’s first-quarter performance highlights growth in both lending and profitability. The reduction in non-performing loans suggests stronger asset quality. The bank’s results point to resilience amid a tougher financial landscape.
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