Lisbon, July 31, 2026 (Lusa) - BPI recorded a 13% drop in first-half profits compared with the same period in 2025, with profits falling to €239 million, according to the financial statements published on Friday.

According to the report submitted to the Portuguese Securities Market Commission (CMVM), the €35 million adjustment «is explained by two non-recurring effects»: the gain relating to the first half of 2025 arising from the «reversal of solidarity surcharges on the banking sector paid in previous financial years», and the «accounting reclassification of the stake in BCI» in the first half of this year, with an impact of €35 million.

The banking group's operations in Portugal contributed a profit of €221 million, up 8% year on year.

The bank's net interest income, which refers to the difference between interest charged on loans and interest paid on deposits, fell by 2% year-on-year to €432 million, having stabilised in recent quarters, the bank's chief executive, João Pedro Oliveira e Costa, emphasised at a press conference.

Net banking income amounted to €602 million in the first half of the year.

Fee income rose by 8%, the bank says, reflecting business growth. At a press conference, the chief executive emphasised that this was due to an improvement in the bank's business, noting that BPI had not altered its fee schedules.

The total customer loan portfolio increased by 8% compared with the first six months of last year, to €35.1 billion, with growth of €2.7 billion over the half-year.

BPI notes that its lending market share remained stable at 12% in May.

The mortgage loan portfolio recorded an 11% year-on-year increase, to 18,000 million euros, with the market share standing at 13.1% in May.

In corporate lending, the portfolio grew by 8% to €13.3 billion, driven by financing for small and medium-sized enterprises (SMEs), a segment in which João Pedro Oliveira e Costa said the bank had seen 12% growth.

PCT/ADB // ADB.

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