Banco Comercial Portugues (XLIS:BCP) Long-Term Capital Lease Obligation : €0 Mil (As of Mar. 2024)

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What is Banco Comercial Portugues Long-Term Capital Lease Obligation?

Banco Comercial Portugues's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0 Mil.

Banco Comercial Portugues Long-Term Capital Lease Obligation Historical Data

The historical data trend for Banco Comercial Portugues's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Banco Comercial Portugues Long-Term Capital Lease Obligation Chart

Banco Comercial Portugues Annual Data

Trend

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Long-Term Capital Lease Obligation

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Banco Comercial Portugues Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Banco Comercial Portugues (XLIS:BCP) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Banco Comercial Portugues Long-Term Capital Lease Obligation Related Terms

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Banco Comercial Portugues (XLIS:BCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Comercial Portugues SA (XLIS:BCP) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

BPCGF:USA BCPu:UK 0RJN:UK BCPN:Germany

Address

Praca D. Joao I, 28, Porto, PRT, 4000-295

Website

https://ind.millenniumbcp.pt

Banco Comercial Portugues SA or Millennium BCP, is a Portuguese bank operating primarily in Portugal, as well as Poland, Mozambique, and Angola. The bank offers a wide range of retail and corporate banking products and services. The bank's distribution network includes traditional branches, as well as online banking, call centers, mobile banking, ATMs, and point of sale systems. In addition to its emphasis on financial technology, BCP's business model has shifted focus to high-net worth individuals, business lending with growth potential, as well as divestiture of noncore assets in its portfolio. The bank's net revenue is mostly net interest income, with notable net commission and net trading income. Most of BCP's earning assets are loans split nearly evenly between retail and corporate.

Banco Comercial Portugues (XLIS:BCP) Headlines

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