BCP's Polish subsidiary, Bank Millennium, will set aside 190 million zlotys (approximately 44.7 million euros at the current exchange rate) in provisions related to Swiss franc mortgage loans for the first quarter of this year. The preliminary estimate for legal risk provisions in the first quarter of 2026 relates to loans.
BCP's Polish bank sets aside 53 million in provisions for the first quarter
Wednesday, 8 April 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.
