Banco Comercial Portugues (GB:0RJN) has released an update.
Bank Millennium, majority-owned by Banco Comercial Português, reported a 19% increase in net income for the first nine months of 2024, reaching PLN 547 million, despite ongoing costs related to CHF-denominated mortgage loans. The bank’s capital ratios improved significantly, with the Total Capital Ratio rising to 17.9% by September 2024. However, challenges remain with increased operating costs and a slight decrease in net fees and commissions.
For further insights into GB:0RJN stock, check out TipRanks’ Stock Analysis page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
