Q4 2023 Banco Comercial Portugues SA Earnings Call Transcript

Feb 28, 2024

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Feb 27, 2024 / 03:00PM GMT
Operator

Good day, and thank you for standing by. Welcome to the Millennium BCP 2023 Earnings Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Miguel Maya, Vice Chairman and CEO. Please go ahead.

Miguel Maya Dias Pinheiro - Banco Comercial PortuguÃªs, S.A. - 3rd Vice Chairman, CEO & Member of Board for Strategic Board

Good afternoon. Miguel Maya speaking. Welcome to BCP earnings conference call. As usually, I will mention the highlights of our performance, and then Miguel Braganca and Bernardo Collaco will follow providing additional detail.

Despite being a complex year with significant macroeconomic and geopolitical uncertainties, 2023 also carried relevant positive factors, namely those coming from the normalization of the monetary policy. Against this backdrop, our intense commercial activity, coupled with a robust business model, resulted in EUR 856 million of profit compared with EUR 197 million last year.

Although

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