BCP injects €90m into Activobank to expand
BCP (Banco Comercial Português) has injected €90 million into digital bank Activobank to speed up expansion after Activobank's loan portfolio more than doubled and profits rose about 25% last year, ECO reports. The capital should fund lending and digital-product growth; customers and competitors should watch for new product offers and any shifts in credit availability.
Banco Comercial Português is Portugal's largest private bank, commonly known by its brand Millennium bcp, offering retail, corporate and investment banking and listed on the Euronext Lisbon stock exchange. Its size and retail footprint mean developments at BCP can affect everyday banking services, credit availability and investor confidence in Portugal's financial markets.
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.
