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BPCGF BPCE 4750% until 06/14/2034

0.00
0.00 (0.00%)
30 Sep 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
BPCE 4750% until 06/14/2034 EU:BPCGF Euronext Bond
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 106.71 0 16:34:25

BCP Bank Posts EUR29 Million Net Loss On Greek Write-Down

02/11/2011 6:22pm

Dow Jones News


BPCE 4750% until 06/14/2... (EU:BPCGF)
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Portugal's Banco Comercial Portugues SA (BCP.LB) Wednesday posted a third-quarter net loss of EUR29 million, hurt by a write-down on its holdings of Greek sovereign debt.

 
   MAIN FACTS: 
 

- Net profit fell to EUR59.4 million in the nine-month period from EUR217.4 million a year ago. A Dow Jones Newswires poll of three analysts had anticipated a nine-month net profit of EUR58.5 million.

- Net interest income--the difference between what a bank charges for loans and what it pays for deposits and other funding--grew to EUR1.2 billion from EUR1.09 billion in the previous year.

- Trading income was EUR38.7 million, plunging from EUR345.4 million a year earlier.

- Provisions for non-performing loans were up to EUR764 million from EUR549.9 million.

- The bank's core Tier 1 ratio stood at 9.1% at the end of October after an equity-swap exercise.

- BCP said last week it needs to raise EUR2.36 billion to comply with new capital requirements set in a Brussels summit last week, and may tap the EUR12 billion fund in Portugal's bailout program.

- The bank is also considering bids for its Polish unit, Bank Millennium SA (MIL.WA).

-Contributed by Carla Canivete of Webtexto to Dow Jones Newswires; +34-91-395 8120; djmadrid@dowjones.com

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1 Year BPCE 4750% until 06/14/2... Chart

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1 Month BPCE 4750% until 06/14/2... Chart

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