Millenium BCP, Results Q1 2015

Page created: Tuesday, 5 May 2015 8:30GMT | Updated: Tuesday, 5 May 2015 11:37GMT

Press Release:  04 May 2015 - 16 Page(s)
Earnings Report  Millenium BCP

Net profit at Euro 70.4 million in the 1st quarter of 2015, compared with Euro 40.7 losses in the same period of 2014.

Core net income* up by 89% to Euro 221.7 million in 1Q15 from Euro 117.4 million in 1Q14, reflecting increased net interest income (up 39%
from 1Q2014, including an 81% increase in Portugal) and lower operating costs (down 2.5% overall and 8.7% in Portugal).

Impairment and provision charges of Euro 275.7 million in the 3-month period to 31 March 2015, taking advantage of gains on sovereign debt to
reinforce coverage.

Original title:  Millennium bcp earnings release as at 31 March 2015