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FINANCIALS: Banco BPI (BAMIIM Baa2/BBB/BBB) - Q3 Results - Above Guidance

FINANCIALS

Decent set of numbers makes progress in income, expenses and CET1. Management now confident in beating FY guidance.

  • NII €862m, up 0.4% on Q2. Fee & commissions €488m -2.3% from Q2. Opex €656m, 2.3% lower than Q2
  • CET1 15.5%, up 0.3% from Q2
  • Stock of stage 3 loans 3.2bn, down -0.2bn on Q2

Call at 14:30 UK time - https://event.choruscall.com/mediaframe/webcast.html?webcastid=wK5l5mDp

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Decent set of numbers makes progress in income, expenses and CET1. Management now confident in beating FY guidance.

  • NII €862m, up 0.4% on Q2. Fee & commissions €488m -2.3% from Q2. Opex €656m, 2.3% lower than Q2
  • CET1 15.5%, up 0.3% from Q2
  • Stock of stage 3 loans 3.2bn, down -0.2bn on Q2

Call at 14:30 UK time - https://event.choruscall.com/mediaframe/webcast.html?webcastid=wK5l5mDp