May 17, 2022 / 02:00PM GMT
Miguel Maya Dias Pinheiro - Banco Comercial Português, S.A. - 3rd Vice Chairman, CEO & Member of Board for International Strategy
Good afternoon, Miguel Maya speaking. Welcome to BCP Earnings Conference call. I will go through the highlights of our performance in the first quarter. Then Miguel Braganca and Bernardo Collaço will follow to provide you more details about our earnings.
Looking back to the beginning of 2022, a marked global economic recovery was already evident following the 2 years. Following the 2 years of pandemic crisis, recovery that in Portugal has been based on the increase in the investment aimed at the energy and digital transitions and modernization of the productive sector as well as by the resume of tourism and private consumption, which was recently reflected in GDP growth of 2.6% on the first quarter. This positive perspective was at the time only conditioned by a certainty about the adverse effects that could result from the inflationary expectations that were already felt at the end of last year.
Looking ahead, I emphasize the increase of risks as a
Q1 2022 Banco Comercial Portugues SA Earnings Call Transcript
May 17, 2022
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