Bank Millennium, BCP's Polish subsidiary, estimates provisions of €115 million in the fourth quarter of 2025 for legal risk related to mortgage loans, according to a statement sent to the market. In the note, published by the Portuguese Securities Market Commission (CMVM), the bank “informs that the preliminary estimate of provisioning ...”
BCP's Polish bank made provisions of €115 million in the fourth quarter
Thursday, 8 January 2026RSS
Context & Explainers
Miguel Maya is the CEO of BCP (Banco Comercial Português), one of Portugal's largest private banks. He recently warned that urgent action is needed to help businesses and protect jobs after severe weather damage, which matters because banks may face higher loan defaults and could offer emergency credit or relief to affected customers.
