Banking product revenues rose by 29.6 percent to €2.292 billion whilst credit to clients was also on an upward path, closing 2013 on €64.3 billion against €64.7 billion last year.
In terms of its tier 1 ratio, that hit 12 percent in overall terms and 13.8 percent in accordance with the criteria now being phased-in but dropping back to 8.9 percent based on the full implementation of those guidelines.
Since its bailout by the Portuguese state, BCP has also steadily progressed to cut costs, with the bank shedding 79 branches to leave a total of 695 with its number of employees now at 7,768 following 816 mutually-agreed redundancies, against a 2017 target of 7,500 employees.
This follows news late last week that Portuguese bank BPI had lost €161.6 million in 2014, whereas the year before it had profits of €66.8 million, the bank said at the presentation of its results in Lisbon.
Fernando Ulrich, the BPI executive president said a a press conference that the consolidated net profit of €161.6 million included “non-recurring costs and losses of €264.3 million on domestic activity”, adding that “without these extraordinary results, there would have been a consolidated net profit of €102.6 million”.