BANCO COMERCIAL PORTUGUÊS, SA

Banco Comercial Português, SA is a Portuguese banking group operating domestically under the Millennium bcp brand and listed on Euronext Lisbon, providing retail, SME, and corporate banking services including current and savings accounts, term deposits, mortgages, consumer credit, cards, payments, trade finance, and treasury services, supported by online and mobile channels and a nationwide branch/ATM presence connected to the Multibanco network; it also consolidates international operations, notably Bank Millennium in Poland and Millennium bim in Mozambique, which contribute materially to group results and risk, including ongoing legal risk in Poland related to legacy foreign-currency mortgage portfolios; the bank is supervised within the European Central Bank’s Single Supervisory Mechanism and by Banco de Portugal, is subject to the Single Resolution Mechanism, and participates in the Portuguese Deposit Guarantee Fund, which protects eligible deposits up to €100,000 per depositor per institution; funding is primarily from customer deposits, complemented by wholesale instruments such as covered bonds and senior preferred/non-preferred debt to meet MREL requirements, with liquidity and capital ratios disclosed in regulatory reports; asset quality has been managed through non-performing exposure reduction and IFRS 9 provisioning, while profitability remains sensitive to the interest-rate cycle, credit costs, and litigation outcomes abroad; governance reflects a diversified shareholder base that includes a strategic investor from the Fosun group; the bank publishes fee schedules for account packages and payment services, applies strong customer authentication under PSD2, and issues annual financial and sustainability disclosures aligned with EU regulation; customers and investors should consult the latest public reports, pre-contractual information, and tariff documents for current conditions, risk factors, and performance.