Lisbon, July 31, 2024 (Lusa) - BCP announced on Wednesday that it made a €485.3 million profit in the first half of the year, an increase of 14.7% compared to the same period last year.

Up until June, the bank totalled a ‘net profit of €485.3 million’, said BCP's government chairman, Miguel Maya, at the presentation of the results at Taguspark in Porto Salvo.

Compared to the same period last year, there was an increase of 14.7%.

According to Miguel Maya, in the first half of the year, core operating income totalled € 1.17 billion, down 2.1% on the same period last year.

Operating profit stood at €1.13 billion, a drop of 11.9%.

In turn, the group's results rose 8.9 % to €100.6 billion.

Between January and June, bank commissions totalled €334.8 million, compared to €334.3 million in the same period in 2023.

The group's net interest income totalled €1.397 billion, compared to €1.374 billion in the same period last year, and the bank's executive chairman was calm about the financial institution's ability to generate net interest income.

In Portugal alone, net interest income totalled €673.3 million, down from €707.5 million in the first half of 2023.

The group's operating costs totalled €619.4 million in this period, compared to €561.5 million in the first half of 2023.

The loan portfolio, meanwhile, fell by 1.2% to €57.2 billion in June.

In today's stock market session, BCP shares rose by 0.88% to €0.39.

PE/ADB // ADB.

Lusa