Banco Comercial Português S.A./€BCP
1D1W1MYTD1Y5YMAX
Capital at risk
About Banco Comercial Português S.A.
Banco Comercial Português S.A. (BCP) is a prominent financial institution operating primarily in the banking industry. It offers a range of financial services including retail banking, corporate banking, insurance, and asset management. Founded in 1985, the bank is headquartered in Porto, Portugal. BCP operates through its key brand, Millennium bcp, and has a significant presence in Portugal along with operations in Poland, Mozambique, Angola, and Switzerland. The bank emphasizes digital banking services and a customer-centric approach to enhance its competitive positioning in the market.
- Ticker
- €BCP
- Sector
- Finance
- Primary listing
- XLIS
- Employees
- 15,613
- Headquarters
- Porto, Portugal
- Website
- www.millenniumbcp.pt
BCP Metrics
BasicAdvanced
€17B
16.90
€0.07
0.80
€0.03
2.87%
Price and volume
Market cap
€17B
Beta
0.8
52-week high
€1.21
52-week low
€0.71
Average daily volume
39M
Dividend rate
€0.03
Financial strength
Dividend payout ratio (TTM)
50.06%
Profitability
Net profit margin (TTM)
29.34%
Operating margin (TTM)
59.62%
Effective tax rate (TTM)
27.55%
Revenue per employee (TTM)
€240,000
Management effectiveness
Return on assets (TTM)
1.13%
Return on equity (TTM)
13.85%
Valuation
Price to earnings (TTM)
16.899
Price to revenue (TTM)
4.808
Price to book
2.32
Price to tangible book (TTM)
2.43
Price to free cash flow (TTM)
-46.692
Free cash flow yield (TTM)
-2.14%
Free cash flow per share (TTM)
-0.026
Dividend yield (TTM)
2.87%
Forward dividend yield
2.87%
Growth
Revenue change (TTM)
-13.08%
Earnings per share change (TTM)
20.67%
3-year revenue growth (CAGR)
5.73%
3-year earnings per share growth (CAGR)
27.42%
10-year earnings per share growth (CAGR)
-7.37%
Bulls say / Bears say
Net profit rose 12.7% year-on-year to €565.8 million in H1 2026, comfortably above the €427 million LSEG consensus estimate, underscoring the bank’s ability to exceed analyst forecasts (Reuters(stockopedia.com)).
Bank Millennium in Poland delivered a 39% jump in net income to PLN 708 million as Swiss franc mortgage charges plunged 65%, fueling strong international earnings growth (Reuters(stockopedia.com)).
The bank’s capital and profitability metrics remain robust, with a fully implemented CET 1 ratio of 15.1% and a return on average equity of 14.6% at end-June, providing a solid buffer against macro risks (Reuters(stockopedia.com)).
The ECB’s deposit rate fell to 2.0% in H1 2026 from 2.25–3.0% a year earlier, and Poland’s benchmark rate dropped to 3.25% from 5.25%, which is likely to compress net interest margins and constrain future NII growth (Reuters(stockopedia.com)).
Millennium bcp’s cost-to-income ratio remained elevated at 37% at end-June, indicating limited progress on operating efficiency relative to European banking peers (Reuters(stockopedia.com)).
The legacy Swiss franc mortgage portfolio in Poland still generated provisions of just over PLN 400 million in H1 2026, highlighting ongoing credit risk and potential for further charges (Reuters(stockopedia.com)).
Data summarised monthly by Lightyear AI. Last updated on 26 Aug 2026.
Upcoming events
No upcoming events
Funds containing BCP
AllEURGBPUSD
Fund name | Fund size | €BCP weighting |
|---|---|---|
iShares EURO STOXX Mid€DJMC | €572M | 1.17% |
iShares EURO STOXX Mid Cap£DJMC | £491M | 1.17% |
iShares EURO STOXX Banks 30-15€EXA1 | €257M | 0.79% |
iShares EURO STOXX Banks 30-15€EXX1 | €2.6B | 0.73% |
iShares STOXX Europe Mid 200€EXSD | €610M | 0.66% |
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