Interim report
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M PRESS RELEASE Reuters > bcp.ls - Exchange > BCP - Bloomberg > bcp pl ISIN - PTBCPOAM0015 Millennium bcp 17 May 2021 Profitability Favourable performance of net income and net income before impairments and provisions Millennium bcp Earnings release as at 31 March 2021 Net income of the Group amounted to 57.8 million euros in the first quarter of 2021 ( + 63.8 % , compared to the first quarter of 2020 ) despite the reinforcement of 112.8 million euros in provisions for legal risk on loans granted in Swiss francs in Poland . Net income before impairment and provisions up 5.8 % , to 329.5 million euros . Significant reinforcement of impairment and other provisions , totaling 242.8 million euros in the first three months of 2021 . Operating costs 9.2 % down , with a cost to core income of 47 % , on a comparable basis . Capital and Liquidity Capital at adequate levels ; reinforced liquidity position Estimated Fully - implemented Core Equity Tier 1 ratio and Total capital ratio at 12.2 % and 15.5 % , respectively , both above regulatory requirements . High liquidity levels , comfortably above regulatory requirements . Eligible assets for ECB funding of 23.0 billion euros . Business performance and Credit quality Strong dynamics of growth in customer resources ; continued increase of the loan portfolio ; comfortable coverages levels Performing loans up by 2.0 billion euros in Portugal , + 5.9 % from March 2020 , with NPE reduction of 0.7 billion euros . Comfortable NPE coverage , in adverse context . Total customer funds up by 7.1 billion euros . Growing Customer base , mobile Customers standing out ( +538,000 , of which +221,000 in Portugal ) . Leading bank in Customer satisfaction with digital channels ( Basef 5 largest banks ) . BANCO COMERCIAL PORTUGUÊS , S.A. , a public company ( Sociedade Aberta ) , having its registered office at Praça D. João 1 , 28 , Oporto , registered at the Commercial Registry of Oporto , with the single commercial and tax identification number 501 525 882 and the share capital of EUR 4,725,000,000.00 . LEI : JU1U6SODG9YLT7N8ZV32 INVESTOR RELATIONS Bernardo Collaço Phone +351 211 131 084 investors@millenniumbcp.pt bernardo.collaco@millenniumbcp.pt Imonteiro@millenniumbcp.pt MEDIA CONTACTS Erik T. Burns Phone +351 211 131 242 Mobile +351 917 265 020 erik.burns@millenniumbcp.pt cintia.barbas@millenniumbcp.pt M | 1/39