BPI’s profits rise 43% to 121 ME in the 1st quarter

Date:

Share post:

BPI’s profits grew 43% year-on-year in the first quarter to 121 million euros, the bank announced today.

“The increase in income was due to the increase in net interest income,” said the bank’s chairman, João Pedro Oliveira e Costa, at a press conference in Lisbon.

The bank’s net interest income (the difference between interest charged on loans and interest paid on deposits) grew by 19% to 245 million euros.

The bank’s profits in Portugal alone grew by 52% to 112 million euros.

Iris Lavan
Iris Lavan
With a background as a consultant in the medical industry, Iris Lavan brings a wealth of knowledge and expertise to Portugal Pulse. Iris also runs a company in Tel Aviv offering marketing, business development, content creation and public relations services. She holds a degree in economics and management, giving her a solid grounding in business strategy and financial planning. Iris' commitment to Portugal Pulse is reflected not only in her consulting career, but also in her impact on the Portugale media landscape in Israel. She was an interviewer for Hadshot Portugal חדשות פורטוגל, a media outlet that broadcasts news about Portugal in Hebrew, where she provided valuable information on current affairs, healthcare and the economy. Since July 2023, Iris has also been part of the Portugal Pulse team.

Related articles

Christmas Lights Turn On Saturday in Porto with Concerts at Aliados

Porto's Christmas tree will light up again this Saturday, with holiday programming spread across various city locations. Aliados...

Gemini in Portuguese Now Available in Google Workspace

Google announced on Thursday the expansion of its artificial intelligence (AI) personal assistant Gemini to Google Workspace in...

The Renaissance of Porto’s Jewish Community

By Gabriela Cantergi President of B'nai B'rith Portugal Porto, the epicenter of Jewish life in Portugal, has one of...

More than 3,300 lawyers and solicitors apply to handle immigrant backlogs

At least 3,342 legal professionals have applied to provide services to the State in processing pending immigrant cases,...