Slides
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1 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93
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2 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Disclaimer l The information in this presentation has been prepared under the scope of the International Financial Reporting Standards (‘IFRS’) of BCP Group for the purposes of the preparation of the consolidated financial statements under Regulation (CE) 1606/2002, as amended. l The figures presented do not constitute any form of commitment by BCP in regard to future earnings. l The figures for the first six months of 2025 and 2026 were not audited. l The information in this presentation is for information purposes only and should be read in conjunction with all other information made public by the BCP Group. l With effect from June 2026, repurchase agreements (repos) were excluded from the aggregate amount of deposits and other resources from customers according to the management criteria adopted by the Bank. The corresponding historical amounts are presented considering these reclassifications with the purpose of ensuring their comparability. This exclusion has no impact in June 2025 as no repos were record in this month. l With effect from March 2026, reverse repurchase agreements (reverse repos) were excluded from the aggregate amount of loans to customers according to the management criteria adopted by the Bank. The corresponding historical amounts are presented considering these reclassifications with the purpose of ensuring their comparability. l The publication of Instruction No. 17/2025 by the Bank of Portugal amends Instruction No. 16/2004, concerning the indicators to be used by credit institutions when disclosing information to the public. This amendment aims to align the indicators disclosed to the public with the definitions and criteria used by the European Banking Authority (EBA), specifically associating the calculation formulas of these indicators with specific elements of the FINancial REPorting Standards (FINREP). Thus, unlike the rest of the information disclosed in this presentation, which considers the full consolidation perimeter, these indicators are calculated according to the prudential perimeter. A table with the aforementioned indicators, calculated according to the provisions of the current version of the instruction, is attached and should be consulted in conjunction with the profitability, efficiency, and transformation indicators shown throughout this presentation.
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3 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 AGENDA
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4 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Highlights 01
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5 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 1 Before non-controlling interests. | 2 FX effect excluded. 37.9% with FX effect | 3 Includes provisions for legal risks, costs relating to out-of-court settlements and legal advice. Does not include provisions for legal risk on CHF mortgages of Euro Bank (guaranteed by Société Générale). Before taxes and non-controlling interests, FX effect excluded. 65% with FX effect | 4 Estimated fully implemented ratio (June 2026) including 10% of unaudited H1’26 net income. Excluding any distributions, the proforma CET1 ratio would be 16.2%.| 5 Liquidity Coverage Ratio (LCR); Net Stable Funding Ratio (NSFR); Loans to Deposits Ratio (LtD). | 6 FX effect excluded. 30.1% with FX effect. Business Model Supporting the Economy and Generating Value Profitability ▪ Group’s net income of 565.8 million in H1’26, which represents a 12.7% increase compared with the same period last year (502.3 million), reflecting the Bank’s capacity to generate value ▪ Net income in Portugal stood at 470.2 million in H1’26, corresponding to a 10.9% increase compared with the same period last year ▪ Net income from international operations up by 25.2%1, amounting to 183.51 million in H1’26, compared with 146.61 million in H1’25. Highlight for Bank Millennium, which recorded a net income of 166.91 million, representing a 38.7%2 increase compared with H1’25. This performance largely reflects the 64.9%3 reduction in charges associated with the CHF mortgage loan portfolio, which stood at 96.7 million in the first six months of the year ▪ Solid capital ratios, CET14 stood at 15.1% and total capital ratio⁴ of 19.3% ▪ Liquidity indicators remain well above regulatory requirements, with the LCR⁵ at 326%, the NSFR⁵ at 183% and the LtD⁵ at 68%. Eligible assets available for financing with the ECB amount to 30.3 billion ▪ Group’s Loans to Customers increased by 8.3% YoY to 65.2 billion, whilst total Customer funds grew by 9.8% YoY to 116.7 billion. In Portugal, Loans to Customers increased by 8.6% YoY and total Customer funds up by 7.2% YoY. Loans to companies at Bank Millennium recorded an increase of 31.8%6 YoY ▪ Significant reduction in non-performing assets, highlighting the decrease in the Group’s NPE of 187 million compared to June 2025 ▪ Cost of risk in H1’26 stood at 32bp for the Group and 32bp in Portugal ▪ Active customers increased by 4% YoY to 7.4 million, mobile customers up by 8% and accounted for 75% of the customer base in June 2026
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6 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Portugal Group Customer counting criteria used in the Strategic Plan. Digital Mobile Active Digital Active Mobile Customer base growth Based on the quality of the Teams and distinctive digital skills 1,822 1,973 Jun 25 Jun 26 +151 67% +8% +145 2,078 2,223+7% 2,818 2,925 5,197 5,608 Jun 25 Jun 26 +411 75% +8% +376 5,673 6,049+7% 81% 7,121 7,433 76% +4% +4% 0v 0v Customer Recognition New Companies Website These awards are the exclusive responsibility of the attributing entities.
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7 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 MORTGAGES E2E DIGITALD I G I T A L P E N E T R A T I O N R A T E 2Q 2026 Proposals Digitally Signed 66% Approval Letter Digitally Signed 89% Digital Deed Appointment 36% Sales 2 +8% Credit Cards Personal Loans +32% +23% Transations 3 +9% P2P TransfersInternational Transfers +13%+68% % Stocks (#) 95% % Savings (#) 90% % Invest. Funds (#) 76% % Personal Loans (#) 76% STRONG MOBILE GROWTH 1 Logins in millennium App 2 Digital Sales (site and millennium App) 3 Includes P2P transfers in millennium App 4 Digital channels satisfaction (NPS), 5 largest banks, Source: BASEF-Marktest N o O P E R A T I O N S Y / Y JAN -JUN 2026 vs JAN –JUN 2025 Mobile with a complete and innovative value proposition and a superior experience, reflected in consolidated growth in interactions and sales Average App logins per Customer 34x / month Appgallery Play store DIGITAL CUSTOMERS 5 MAIN BANKS Million daily logins1 in App +8% YOY COMPARED TO ALL RATINGS MARKTEST & BAIN&COMPANY #1 NPS 4 D I G I T A L P E N E T R A T I O N R A T E 2Q 2026
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8 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Net income of 565.8 million in H1’26 1 Includes dividends from equity instruments, other net operating income, net trading income and equity accounted earnings. 2 Does not include provisions for legal risks on CHF mortgages of Euro Bank (guaranteed by Société Générale). 2 1 1 Inclui rendimentos de instrumentos de capital, outros proveitos de exploração líquidos, resultados em operações financeiras e resultados por equivalência patrimonial. 2 Não inclui provisões relacionadas com créditos hipotecários em CHF da carteira do Euro Bank (garantida pela Société Générale). (Million euros) H1'25 H1'26 % D Net interest income 1,444.1 1,493.8 +3.4% +49.8 Commissions 413.8 438.0 +5.8% +24.2 Core income 1,857.9 1,931.9 +4.0% +74.0 Operating costs -683.5 -720.2 +5.4% -36.7 Core operating profit 1,174.3 1,211.7 +3.2% +37.3 Other income -9.9 18.5 +28.4 Profit before impairment and provisions 1,164.4 1,230.1 +5.6% +65.7 Impairment, other provisions and results on modification -375.5 -293.7 -21.8% +81.7 Of which: Loans impairment -89.8 -104.4 +16.3% -14.6 Of which: legal risk on CHF mortgages (Poland) -218.2 -81.5 -62.6% +136.6 Profit before income tax 788.9 936.4 +18.7% +147.5 Income taxes, non-controlling interests and discontinued operations -286.6 -370.6 +29.3% -83.9 Net income 502.3 565.8 +12.7% +63.6
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9 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Delivering value ore value ROE 14.6% 9 EPS +15.0% BVPS + DPS +19.5% ROTE 15.2% 1 2 Return on Equity (RoE) | Return on Tangible Equity (RoTE) | Book value per share (BVPS) | Dividend per share (DPS) | Earnings per share (EPS) | 1 Considering the evolution of the book value per share (AT1 adjusted) from June 2025 to June 2026 and the €0.0344 dividend per share relating to 2025 earnings, paid in 2026. | 2 Evolution of the net income for the period (adjusted for AT1 coupons) divided by the average number of shares outstanding, compared with the same period last year.
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10 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group 02 Profitability
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11 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group (Consolidated, million euros) Portugal (Million euros) International operations (Million euros) Net interest margin Net interest income Net interest margin Net interest margin 1,444.1 1,493.8 H1'25 H1'26 785.3 760.6 H1'25 H1'26 658.8 733.2 H1'25 H1'26 -3.1% 2.97% 2.83% +3.4% 4.47% 3.84% 2.12% 2.22% +11.3%
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12 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group (Consolidated, million euros) Portugal (Million euros) International operations (Million euros) Banking fees and commissions Market-related fees and commissions Fees and commissions 347.3 361.7 66.6 76.3 413.8 438.0 H1'25 H1'26 257.2 267.1 49.9 55.3 307.1 322.4 H1'25 H1'26 90.0 94.6 16.7 21.0 106.7 115.6 H1'25 H1'26 +5.8% +5.0% +8.3%
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13 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group (Consolidated, million euros) Portugal (Million euros) International operations (Million euros) Equity earnings + dividends Mandatory contributions Other operating income Mandatory contributions Net trading income1 Other net operating income 2 Of which: Banking sector 27.8 Resolution Fund PT 6.5 Solidarity contribution 5.1 Mandatory contributions 1 Net trading income includes -5.3 million in H1’25 of costs related to out -of-court settlements with Customers related with CHF l oan portfolio. | 2 Other operating income includes +23.3 million in H1’25 and +14.0 million in H1’26 related with the compensation for provisions for legal risk on CHF mortgages of E uro Bank (guaranteed by Société Générale) and includes charges related with negotiation costs and legal procedures of CHF loans. 55.8 81.2 31.8 38.0 -97.6 -100.8 -9.9 18.5 48.8 40.2 3.3 4.1 -76.0 -62.4 -23.8 -18.1 107.4 118.5 7.0 41.028.5 33.9 -21.6 -38.3 13.9 36.6 H1'25 H1'26 74.6 76.3 32.8 42.2 H1’25 H1’26 H1’25 H1’26 Of which: Banking sector 28.6 Resolution Fund PT 10.2 31.2 10.738.7 41.9
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14 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group (Consolidated, million euros) Portugal (Million euros) International operations (Million euros) Other administrative costs Depreciation Staff costs Cost to income Operating costs Cost to income Cost to income 186.6 198.5 118.0 124.6 36.6 36.4 341.2 359.5 H1'25 H1'26 196.7 200.2 105.4 114.9 40.2 45.7 342.4 360.7 H1'25 H1'26 383.3 398.7 223.4 239.4 76.8 82.1 683.5 720.2 H1'25 H1'26 37% 37% 35% 33% +5.4% 39% 42% +5.4% +5.4%
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15 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group (Consolidated, million euros) Portugal (Million euros) International operations (Million euros) Cost of risk Loan-loss reserves Cost of risk Loan-loss reserves Cost of risk Loan-loss reserves Cost of risk and provisions CHF mortgage legal risk (Poland)1 Other Loans 1 Does not include provisions for legal risks on CHF mortgages of Euro Bank (guaranteed by Société Générale): 23.3 million in H1’25 and 14.0 million in H1’26. 21.0 31.956.8 78.6 218.2 81.5 296.0 192.1 H1'25 H1'26 89.8 104.4 62.4 107.0 218.2 81.5 370.4 292.9 H1'25 H1'26 601 +1.8% 68.8 72.5 5.6 28.374.4 100.8 H1'25 H1'26 -35.1% 32bp 1.402 30bp 1.377 33bp 32bp 22bp 32bp 769 801 608 +4.1% -1.2% +35.6% -20.9% -62.6% -62.6%
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16 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group Portugal International operations (Consolidated, billion euros) (Billion euros) (Billlion euros) 0.79 0.77 0.84 0.67 1.63 1.44 Jun 25 Jun 26 0.820 0.734 Jun 25 Jun 26 0.809 0.708 Jun 25 Jun 26 * Considering State guarantees or supranational, the ratio would stand at 125.2% in June 2025 and 135.1% in June 2026. Unless otherwise stated, the indicators above refer to loans to customers as defined in the glossary, which comprise loans to customers at amortised cost (excluding reverse repos), debt instruments at amortised cost associated to credit operations and loans to customers at fair value through profit or loss. NPE loans ratio NPE loans ratio NPE ratio (EBA) NPE ratio (EBA) Continued decrease of NPEs NPE NPL>90d Other million million million 2.0% 1.6% 4.3% 3.5% 1.5% 1.3% 2.1% 1.5% -11.5% -187 -86 -10.5% -101 -12.5% Jun 25 Jun 26 (Total impairment + collaterals*)/ NPE 121.3% 130.4% Total impairment / NPE 84.5% 97.2% Impairments allocated to NPE / NPE 53.5% 55.1% NPL>90 days ratio 1.3% 1.2% NPE ratio 2.7% 2.2% NPE ratio inc. securities and off-BS (EBA) 1.7% 1.4%
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17 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group 02 Business activity
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18 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group Portugal International operations (Consolidated, billion euros) (Billion euros) (Billlion euros) Demand deposits Term deposits Other BS funds Off-BS funds Customer funds Deposits, debt securities, assets under management, assets placed with Customers and insurance products (savings and investme nts). 50.1 56.0 35.9 37.3 1.4 1.818.9 21.6 106.2 116.7 Jun 25 Jun 26 20.1 24.4 10.8 10.93.1 3.934.0 39.1 Jun 25 Jun 26 30.0 31.6 25.1 26.3 1.4 1.815.9 17.7 72.3 77.5 Jun 25 Jun 26 +9.8% +7.2% +15.3% +8.9%
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19 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group Portugal International operations (Consolidated, billion euros) (Billion euros) (Billlion euros) Companies Personal Mortgage Loan portfolio NPE: -11.5% (-0.187 billion) billion billion 23.3 25.7 7.6 8.1 29.3 31.4 60.2 65.2 Jun 25 Jun 26 -0.10 +1.5718.72 20.19 Jun 25 NPE Performing Jun 26 -0.09 +3.6441.50 45.05 Jun 25 NPE Performing Jun 26 +8.6% +7.9% +8.3% +3.55 +1.47 Unless otherwise stated, the data above refers to loans to customers as defined in the glossary, which comprise loans to customers at amortised cost (excluding reverse repos), debt instruments at amortised cost associated to credit operations and loans to customers at fair value through profit or loss. +7.0% +10.4%
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20 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group 02 Capital and liquidity
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21 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Fully implemented) (Fully implemented) Fully implemented vs requirement Fully implemented vs requirement Solid capital ratios Common equity tier 1 (CET1)1 Total capital ratio1 Pillar 1 Pillar 2 (P2R) Combined buffer reserve 2 Pillar 1 Pillar 2 (P2R) Combined buffer reserve 2 1 Estimated fully implemented ratio (June 2026) including 10% of unaudited H1’26 net income. Excluding any distributions, the proforma CET1 ratio would be 16.2%. | 2 Combined buffer reserve comprises: the conservation buffer, the O-SII buffer, the countercyclical buffer (including the increase in the percentage applicable to exposures to counterparties resident in Portugal) and the sectoral systemic risk buffer. • CET11 ratio of 15.1% and a total capital ratio1 of 19.3%, • Capital ratios comfortably above regulatory requirements (including the conservation buffer, O-SII buffer, countercyclical buffer and sectoral systemic risk buffer) • Leverage ratio of 6.1% in June 2026 16.2% 15.1% 4.5% 1.21% 4.58% 10.29% Jun 25 Jun 26 Requirements 20.3% 19.3% 8.0% 2.15% 4.58% 14.73% Jun 25 Jun 26 Requirements +4.8pp +4.5pp +9.1pp +9.4pp
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22 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 +59 bp -55 bp -23 bp +15 bp +9 bp Mar 26 P&L Dividends + SBB RWA Credit Poland NCI elegibility impacts Other Jun 26 Common equity tier 1 (CET1)1 quarterly evolution 1 Estimated fully implemented ratio (June 2026) including 10% of the unaudited net income of H1’26. 15.1% 15.1%
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23 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 7.0% 0.5% 1.3% 2.6% Jun 26 (%LRE) CET13 AT1 T2 SP 19.7% 1.4% 3.8% 7.4% Jun 26 (%TREA) CET13 AT1 T2 SP • Resolution strategy: MPE (Multi Point of Entry)2 • BCP Resolution Group : Perimeter centred in Portugal • Preferred Resolution Measure: Bail-in • No subordination requirements have been applied to the BCP Resolution Group • As of June 30, 2026, BCP complied with new MREL requirement, including CBR, applicable from that date (with a buffer of 2.9% of TREA, amounting to c. EUR 800 million) • Funding Plan execution in 2026 • Early redemption of the EUR 500 million of SP on February 12, 2026 (not eligible as of January 31, 2026). • 500 million of Senior Preferred issued on February 5, 2026 with a maturity of 6.25 years and Call Option on the year 5.25. • 500 million of Tier 2 issued on June 15, 2026 with a maturity of 12 years and Call Option on the year 7. MREL - Minimum Requirement for own funds and Eligible Liabilities | TREA – Total Risk Exposure Amount; LRE - Leverage Ratio Exposure; CBR - Combined Buffer Requirements *Preliminary data 1 Requirements covered by the 2025 Resolution Planning Cycle, applicable since June 2026 (24,73%). MREL requirements are subject to periodic review by the SRB and changes in the regulatory framework. 2 In addition to the resolution perimeter centered in Portugal, BIM in Mozambique and Bank Millennium in Poland were established as additional groups. With regard to Mozambique, as European rules do not apply, no minimum MREL requirement has been set. With regard to Bank Millennium were set minimum requirements of MREL - TREA of 15.36% and MREL - TEM of 5.91% from May 2026. 3 Including unaudited net income for H1’26. 4 Including RRE – Sectoral Systemic Risk Buffer and CCyB – Countercyclical Capital Buffer. MREL Requirement1 + CBR4 MREL Requirement1 11.5% 29.41% 6.75% 32.3% MREL requirements and Funding Plan execution MREL position (BCP Resolution Group - 30 Jun 2026)*
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24 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros) Pension fund Pension fund coverage Structure of pension fund Coverage Pension liabilities *Actuarial differences of the pension fund / balance at the beginning of the period. Pension fund • Discount rate revised to 4.1% • Coverage of pension fund liabilities by assets comfortably above 100% 3,053 3,062 Jun 25 Jun 26 Equities: 0% Investment Funds: 26% Bonds: 51% Real-estate: 18% Cash and other: 5% 109%109% 3,3483,313 Pension fund Jun 25 Jun 26Pension fund Fund's profitability +1.6% +4.2% Effect of actuarial differences in liabilities* (includes discount rate) +3.7% -2.2%
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25 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Billion euros) 183% 326% NSFR (Net stable funding ratio) LCR (Liquidity coverage ratio) Robust liquidity position Liquidity ratios (CRD/CRR) Liquidity excess in ECB Net loans to deposits ratio Eligible assets billion 0.60 0.96 Jun 25 Jun 26 31.6 30.3 +0.36 68% 68% Jun 25 Jun 26 100%
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26 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Portugal 03
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27 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros) (Million euros) (Million euros)(Million euros) Net income Net operating revenue Operating Costs Profitability in Portugal Impairment and other provisions 424.0 470.2 H1'25 H1'26 342.4 360.7 H1'25 H1'26 979.8 1,092.2 H1'25 H1'26 +5.4% +10.9% +11.5% 74.4 100.8 H1'25 H1'26 +35.6% + 1 0 . 4 %
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28 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros) Net interest income NPE include loans to Customers only. 658.8 +105.4 -82.7 -4.2 +42.6 -3.0 +11.4 +5.0 733.2 H1'25 Performing credit volume effect Credit rate effect Impact of NPE reduction Deposit's cost effect Securities portfolio effect Wholesale funding cost effect Excess liquidity and other H1'26 2.12% 2.22% +11.3% The positive effects of performing loans volume, deposit’s cost and wholesale funding offset the impact of interest rates decrease on the loan portfolio.
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29 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros) (Million euros) Equity earnings + dividends Net trading income Other operating income Commissions and other income Commissions Other income 7.0 41.028.5 33.9 -21.6 -38.3 13.9 36.6 H1'25 H1'26 H1'25 H1'26 YoY Banking fees and commissions 257.2 267.1 +3.8% Cards and transfers 78.0 79.9 +2.4% Loans and guarantees 43.7 44.9 +2.8% Bancassurance 61.5 66.2 +7.6% Management and maintenance of accounts 74.5 76.7 +3.0% Other fees and commissions -0.5 -0.6 +34.7% Market related fees and commissions 49.9 55.3 +10.9% Securities operations 21.7 23.2 +6.9% Asset management and distribution 28.2 32.1 +14.0% Total fees and commissions 307.1 322.4 +5.0%
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30 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros) Other administrative costs Depreciation Staff costs Operating costs Operating Costs Employees Branches Cost to income 196.7 200.2 105.4 114.9 40.2 45.7 342.4 360.7 H1'25 H1'26 396 385 Jun 25 Jun 26 6,224 5,996 Jun 25 Jun 26 +5.4% 35% 33%
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31 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros) (Million euros) (Million euros) NPEs decrease Non-performing exposures (NPE) NPE build-up Loan impairment (net of recoveries) Cost of risk Loan-loss reserves Other NPE million NPL>90d • NPE in Portugal total 734 million at the end of June 2026, a decrease of 86 million from June 2025 • The decrease in NPEs compared with June 2025 is attributable to a reduction of 72 million in other NPEs and 13 million in NPL>90d • Cost of risk of 32bp in H1’26, compared with 33bp in H1’25, with the loan-loss reserves / NPE ratio ascending to 109% in June 2026 and 94% in June 2025 390 376 430 358 820 734 Jun 25 Jun 26 -86 68.8 72.5 H1'25 H1'26 33bp 32bp 769 801 -10.5% (Million euros) Jun 26 vs. Jun 25 Jun 26 vs. Dec 25 Opening balance 820 749 Net 60 23 Write-offs -46 -31 Sales -100 -7 Ending balance 734 734 Unless otherwise stated, the data above refer to loans to customers as defined in the glossary, which comprise loans to customers at amortised cost (excluding reverse repos), debt instruments at amortised cost associated to credit operations and loans to customers at fair value through profit or loss.
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32 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 NPE coverage NPE total coverage* NPL>90d total coverage* Other NPE total coverage* Real estate collateral Cash, other fin. collat. LLRs Real estate collateral Cash, other fin. collat. LLRs Real estate collateral Cash, other fin. collat. LLRs • Total coverage* ≥100% for both NPE categories (NPL>90d and other NPE) • Higher levels of coverage by loan-loss reserves in loans to companies, where real-estate collateral, which is usually more predictable in value and has greater market liquidity, is less prevalent than in the retail sector: coverage by loan- losses was 83% for companies NPE as of June 2026, reaching 112% for companies NPL>90d *By loan-loss reserves and collaterals. Unless otherwise stated, the indicators above refer to loans to customers as defined in the glossary, which comprise loans to customers at amortised cost (excluding reverse repos), debt instruments at amortised cost associated to credit operations and loans to customers at fair value through profit or loss. 20% 56% 38%1% 18% 10% 79% 29% 54% 100% 103% 102% Individuals Companies Total 38% 83% 109%1% 10% 6% 61% 25% 43%100% 119% 158% Individuals Companies Total 57% 112% 85% 1% 2% 1%43% 21% 32% 100% 135% 118% Individuals Companies Total
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33 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros) (Million euros) (Million euros) Corporate restructuring funds Turismo Algarve FCR fund * Sale value # properties sold Net value Impairment Book value Foreclosed assets and corporate restructuring funds Foreclosed assets Corporate restructuring funds Sales of foreclosed assets * The participation in Turismo Algarve FCR was reclassified to investments in associated companies in Q2’24. • Net foreclosed assets were down by 38% between June 2026 and June 2025 • 43 properties were sold in H1’26 compared to 171 properties sold in H1’25 • Restructuring funds amounted to 320 million in June 2026 a decrease of 0.9% from June 2025 46 29 36 35 82 63 Jun 25 Jun 26 15 7 H1'25 H1'26 282 278 41 42 323 320 Jun 25 Jun 26 21 14 171 43 -0.9%
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34 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Billion euros*) (Billion euros*) *Deposits, debt securities, assets under management, assets placed with Customers and insurance products (savings and investm ents). Customer funds and loans to Customers Term deposits Other BS funds Off-BS funds Companies Personal Mortgage Demand deposits Total Customers Funds* Loans to Customers (gross) 18.4 19.4 2.6 2.9 20.5 22.7 41.5 45.1 Jun 25 Jun 26 30.0 31.6 25.1 26.3 1.4 1.8 15.9 17.7 72.3 77.5 Jun 25 Jun 26 +7.2% +8.6% +5.9% +10.8%
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35 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Billion euros) (Billlion euros) Companies Personal Mortgage Performing loans portfolio Performing loans in Portugal Evolution of performing loans billion *Source: SWIFT Watch Analytics June 2026. **Source: ALF (December 2025). Performing loans to individuals increased by 11.1%, highlighting the mortgage loan portfolio which increased by 2.3 billion. Performing loans to companies increased by 6.1% The Bank maintains a prominent position in the corporate segment: ✓ PME Leader programme reference Bank, winner of 7 of the last 8 editions ✓ Leading Bank in Inovadora COTEC programme for the 6th consecutive year, with a market share of 51%; Leading Bank in the Inovadora Evolution programme, with a market share of 60% ✓ Main Bank for companies: Best Bank for companies, Most innovative Bank, Most efficient Bank and Bank with the Most appropriate products according to the study DATAE of the 1st half 2026 ✓ Best Investment Bank for Financing in Portugal according to Euromoney ✓ Best Bank for Sustainable Finance in Portugal 2025 according to Global Finance ✓ Trade Finance with 23.9%* market share and Best Foreign Exchange Bank in Portugal in 2026 according to Global Finance; ✓ Leading Bank in Banco Fomento Guarantees, Exporters, Invest EU SMEs, Sustainable Investment, Research and Innovation, and Digitalisation ✓ Leading Bank in Confirming, with a 28.1%** market share; ✓ Leading Bank in Leasing, with a 25.9%** market share; ✓ Bank distinguished for distributing EIF and EIB funding programmes in Portugal ✓ Corporates’ website named Product of the Year 2026 (by, PRODUCT OF THE YEAR PORTUGAL) and Best Customer Experience solution (by Finnovate) ✓ Millennium bcp named Portugal’s Best Digital Bank for SMEs by EUROFINANCE These awards are of the exclusive responsibility of the attributing entities. 17.9 19.1 2.5 2.7 20.3 22.5 40.7 44.3 Jun 25 Jun 26 +2.3 +0.3 +1.140.7 44.3 Jun 25 Mortgages Personal Companies Jun 26 +3.6 +8.9% +11.1% +6.1%
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36 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 International operations 04
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37 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros) H1'25 H1'26 Δ % Poland 120.4 166.9 38.7% Mozambique 22.1 13.9 -37.0% Other 1.7 2.7 58.4% Exchange rate effect 2.4 -- -- Net income international operations 146.6 183.5 25.2% Non-controlling int. (Poland+Mozambique) -68.3 -87.9 28.7% Contribution from international operations 78.3 95.6 22.1% Contribution from international operations Contribution from international operations 1 Subsidiaries’ net income presented for H1’25 reflect the same exchange rate as of H1’26 for comparison purposes. 1 +22.1% 78.3 95.6 H1'25 H1'26 (Million euros)
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38 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros1) (Million euros 1) (Million euros 1) Bank Millennium continues to make good progress Net income Net operating revenue Operating Costs Net income Net income Excluding extraordinary effects2 1 FX effect excluded. €/Zloty constant at June 2026 levels: Income Statement 4.24; Balance Sheet 4.30. | 2 Includes provisions for legal risk, costs with out-of-court settlements and legal advice and consumer loans provisions. | 3 Includes provisions for legal risk, costs with out-of-court settlements and legal advice, before taxes. Does not include provisions for legal risk on CHF mortgages of Euro Bank (guaranteed by Société Générale). Before taxes.. WIBOR 3 months (average) • Net income of 166.9 million in H1’26, compared to 120.4 million in the same period last year (+38.7%) • Net income influenced by charges associated with the CHF mortgage loan portfolio despite falling 64.9%2 YoY, standing at 96.7 million in H1’26 • Customer funds grew by 16.8% • Loans to Customers (gross) increased by 8.8%, with corporate loans increasing by 31.8% • CET1 ratio of 13.6% and a total capital ratio of 17.1%, both above the minimum requirements of 8.3% and 11.8%, respectively. 272.8 299.1 26.5 27.5299.3 326.6 H1'25 H1'26 805.1 779.6 H1'25 H1'26 -3.2% +9.1% 120.4 166.9 377.9 285.4 H1'25 H1'26 +38.7% 3.86%5.60% Resol. Fund + DGF
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39 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros*) (Million euros*) (Million euros*)(Million euros*) Staff costs Resol. FundFees and commissions Net interest income influenced by interest rates decrease Operating costsNet interest income Mandatory contributionsCommissions and other income Banking tax on assets Other Other DGF NIM *FX effect excluded. €/Zloty constant at June 2026 levels: Income Statement 4.24. Balance Sheet 4.30. 676.8 654.6 H1'25 H1'26 157.6 169.0 141.7 157.6 299.3 326.6 H1'25 H1'26 87.4 97.1 40.9 27.9 128.3 125.0 H1'25 H1'26 8.6 17.9 27.5 47.1 48.3 73.6 75.8 H1'25 H1'26 3.54%4.18% +3.0% -3.3% -2.6% +9.1% (Million euros*; does not include tax on assets and contribution to the resolution fund and to the DGF)
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40 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros*) (Million euros*) (Million euros*) Cost of risk Credit quality Loan-loss reserves Loan impairment (net of recoveries) NPL>90d *FX effect excluded. €/Zloty constant at June 2026 levels: Income Statement 4.24. Balance Sheet 4.30. Coverage ratio NPL>90d Credit ratio NPL>90d • NPL>90d accounted for 1.9% of total loans as of June 2026, compared to 2.1% in June 2025 • Coverage of NPL>90d by loan-loss reserves stood at 145% as of June 2026 (153% in June 2025) • Cost of risk in H1’26 stood at 34bp, compared with 21bp in the same period last year 34bp21bp 571.9 547.4 Jun 25 Jun 26 153% 145% 373.2 376.2 Jun 25 Jun 26 1.9%2.1% 15.8 27.4 H1'25 H1'26
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41 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros*) (Million euros*) Demand deposits Term deposits Off-BS funds Companies Personal Mortgage Customers funds and loans to Customers Customers funds Loans to Customers (gross) *FX effect excluded. €/Zloty constant at June 2026 levels: Income Statement 4.24. Balance Sheet 4.30. 18,565 22,727 9,769 10,035 3,034 3,86631,368 36,628 Jun 25 Jun 26 4,524 5,961 4,623 4,782 8,675 8,642 17,822 19,385 Jun 25 Jun 26 +16.8% +8.8% +31.8%
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42 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 CHF mortgages decrease by 47% YoY CHF mortgage portfolio New individual lawsuits and extrajudicial agreements Individual lawsuits % of gross loan portfolio after legal risk provisions As a % of CHF mortgage portfolio Cumulative provisions for legal risks 1 CHF costs 2 # New individual lawsuits # Extrajudicial agreements *FX effect excluded. €/Zloty constant at June 2026 levels: Income Statement 4.24. Balance Sheet 4.30. 1 Actual outstanding B/S provisions differ from the sum of P&L charges due to FX movements and utilizations among others. | 2 Includes provisions for legal risk, costs with out-of-court settlements and legal advice, before taxes. Does not include provisions for legal risk on CHF mortgages of Euro Bank (guaranteed by Société Générale). (Billion euros*) (Million euros*) (Number of cases) (‘000 cases) (Million euros*) 1,720 1,622 1,465 1,325 1,157 6M25 9M25 2025 3M26 6M26 20.3 12.5 6M25 6M26 7.3 1.2 1.1 0.9 0.8 0.7 2008 6M25 9M25 2025 3M26 6M26 275.1 96.7 H1'25 H1'26 1,030 903 699 893 697 1,087 1,209 1,093 641 543 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 54.6% 0.8%1.1% 0.8% 0.7% 0.6% 150%142% 163% 169% 173% -65% -7.7# Gross loan portfolio before legal risk provisions -15% -47%
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43 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros*) (Million euros*) (Million euros*) MIMO rate (average) Net income Net operating revenue Operating costs Millennium bim's results influenced by the context *FX effect excluded. €/Metical constant at June 2026 levels: Income Statement 74.48; Balance Sheet 72.66. 1 Net income excluding extraordinary effects. Adjusted net income 1 Net income • Net income of 13.9 million. Adjusted net income of 47.91 million, which would represent an increase of 18.4% compared to the same period last year • Provisions and impairments of 42.5 million, an increase of 16.5 million compared to the same period last year, including impacts associated to the financial situation in the country. • Customer funds increased by 10.4% compared with June 2025 • Loans to Customers grew by 11.8% compared with June 2025 • NPE ratio stood at 5.0% • Capital ratio of 40.8% 66.0 64.5 H1'25 H1'26 128.4 134.2 H1'25 H1'26 +4.5% 22.1 13.9 40.5 47.9 H1'25 H1'26 -2.3% +18.4% 9.29%11.92%
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44 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros*) (Million euros*) (Million euros*) Commissions Staff costs Cost to income Net interest income increase Net interest income Operating costs Commissions and other income BranchesEmployees NIM Other Other *FX effect excluded. €/Metical constant at June 2026 levels: Income Statement 74.48; Balance Sheet 72.66. 17.6 18.6 8.9 7.9 26.5 26.5 H1'25 H1'26 26.9 30.5 39.1 34.1 66.0 64.5 H1'25 H1'26 -0.4% 101.9 107.8 H1'25 H1'26 +5.8% 195 191 Jun 25 Jun 26 8.28%8.32% 48%51% 2,663 2,663 Jun 25 Jun 26 -2.3%
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45 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros*) (Million euros*) (Million euros*) Loan-loss reserves Loan impairment (net of recoveries) Credit quality Cost of risk Coverage ratio NPL>90d Credit ratio NPL>90d NPL>90d *FX effect excluded. €/Metical constant at June 2026 levels: Income Statement 74.48; Balance Sheet 72.66. • NPL>90d ratio of 3.0% as of June 2026, with coverage by loan-loss reserves of 243% on the same date • Cost of risk of 125bp in H1’26 compared with 144bp in H1’25 4.6 4.5 H1'25 H1'26 125bp144bp 29.8 53.3 Jun 25 Jun 26 23.9 21.9 Jun 25 Jun 26 125% 243%3.0%3.6%
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46 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros*) (Million euros*) Demand deposits Term deposits Companies Personal Mortgage Business volumes Customers funds Loans to Customers (gross) *FX effect excluded. €/Metical constant at June 2026 levels: Income Statement 74.48; Balance Sheet 72.66. 394 399 256 330 9 9660 738 Jun 25 Jun 26 1,241 1,501 1,011 985 2,252 2,486 Jun 25 Jun 26 +10.4% +11.8%
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47 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Key figures 05
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48 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Deliver more value Main targets for strategic cycle 2025-2028 H1’26 2028Metrics S&P Global CSA (percentile) Top quartileTop quartileESG commitment Cost-to-income Portugal Cost of risk Portugal < 40% < 37% < 50 bps < 45 bps 37% 33% 32 bp 32 bp Execution discipline ROE Shareholder distribution Superior returns > 13.5%14.6% 2025 activity 90%2 Robust capital CET1 ratio > 13.5%15.1%1 > 190€bn > 120€bn > 8mn > 3mn 182€bn 123€bn 7.4mn 2.9mn Healthy organic growth Business volumes Portugal Number of customers Portugal Mobile customers Portugal >80% > 75% 75% 67% Up to 75%2 of cumulative net income of 4.0- 4.5€bn in 2025-2028 subject to supervisory approval and achievement of Plan’s relevant capital & business targets in Portugal and in the international area and fulfillment of CET1 target 1 Estimated fully implemented ratio (June 2026) including 10% of the unaudited net income of H1’26, already considering the deduction of the maximum share buyback amount, corresponding to 40% of the 2025 net income. Excluding any distributions, the CET1 ratio would be 16.2%. | 2 Up to 90%, as approved at the 7th May 2026 Shareholders’ General Meeting: 50% through dividends and the remainder through a Share Buyback Programme (SBB), to be determined according to the proforma CET1 ratio (before distributions) at year-end: if CET1 < 16%, SBB of up to 25%; if CET1 is between 16% and 17.5%, SBB of up to 30%; if CET1 ≥ 17.5%, SBB of up to 40%. The 2025 distribution includes a 50% dividend payout of the 2025 earnings and an SBB of 40%.
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49 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Millennium bcp Foundation COMMITMENT TO PEOPLE AND SOCIETY Sustainability Millennium BCP is participating for the 3rd consecutive year as the Official Bank of Ovibeja and is organizing sessions and debates on sustainability, innovation and the future of the agricultural sector BCP Volunteers participate in environmental actions in Lisbon and Porto: the first dedicated to beach cleanup and the second to the control of exotic and invasive plants BCP is once again partnering with the annual ‘Portugal Chama’ campaign, continuing its active involvement in this national effort to prevent rural fires, a commitment it has maintained since 2014 Supported by BCP, the ‘Festival ao Largo’ returns to Lisbon for its 18th edition, this year in the Central Square of the CCB: with free admission, the event maintains its mission of democratizing access to culture Millennium BCP is holding a training webinar in collaboration with BCSD Portugal on the theme ‘Sustainability and Banking: a long- term vision in an unpredictable world’ Millennium bcp is once again partnering with the national food gathering campaign of the Food Bank, counting on the involvement of its employees, family members, and friends Society BCP is once again included in the FTSE Russell's ‘FTSE4Good’ index, in recognition of the progress made in Sustainability and Sustainable Finance in its operations Millennium bcp has signed the ‘Letter to the Companies of the Future’, a sustainability awareness initiative promoted by BCSD Portugal as part of its 25th anniversary celebrations Cascais Opera – International Lyrical Singing Competition. ‘Maurício Bensaude’ Award - Best Male Voice Millennium Gallery – ‘Gestures and Forms’ Exhibition. Collections of Millennium bcp, National Museum of Contemporary Art, National Museum of Ancient Art Arco Lisbon – International Contemporary Art Fair. Mbcp Foundation Award for Best the Stand and Millennium Art Talks ‘Território’ Programme – Vítor Córdon Studios, 9th edition – Young dancers. Awarding of the Career Incentive Prize (internship in an international company)
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50 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 EXTERNAL RECOGNITION Millennium bcp: 2026 Consumer’s Choice, in the ‘Large Banks’ category for the 6th consecutive year Millennium bcp: Companies Website is 'Product of the Year 2026' in the Business Solutions category Millennium bcp: '2026 Five stars' Bank, in the 'Large Banks' and 'Mobile Apps' categories ActivoBank: '2026 Five stars' Bank for the 3rd time, 'Digital Banking' category ActivoBank: 2026 Consumer’s Choice, in the 'Digital Bank' category for the 8th consecutive year ActivoBank: 'The Right Choice' in Current Accounts by DECO PROteste ActivoBank: 'The Right Choice' of ETF investments by DECO PROteste Bank Millennium: Institution of the Year, with awards in several categories Bank Millennium: ‘Top Employer Polska 2026’ Bank Millennium: 'Golden Bank 2026 award' in several categories Bank Millennium: awarded with the 'Service quality star' Millennium bcp: Best Investment Bank for Financing in Portugal Millennium bcp: Best Distributor of Structured Products in Portugal Millennium bcp: 1st place in the Technology category at the Kaizen Awards Millennium bim: ‘Best Bank’ in Mozambique Millennium bim: 'Best Bank' e 'Best Digital Bank' Moçambique in the Euromoney Awards for Excellence 2026 Bank Millennium: 'Best Digital Bank' in Poland Bank Millennium: eSIM purchase trough the app included in the 'Best financial innovations of 2026' Bank Millennium: 3rd place in the category 'Customer Relationship Star' Millennium bim: ‘Best Bank’ in Moçambique Millennium bim: ‘Best Digital Bank’ in Moçambique These awards are of the exclusive responsibility of the attributing entities.
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51 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Appendix 06
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52 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 FINANCIAL HIGHLIGHTS ACCORDING TO INSTRUCTION No. 16/2004 FROM BANCO DE PORTUGAL, AS THE CURRENTLY EXISTING VERSION Following the publication of Banco de Portugal Instruction No. 17/2025, which amends Instruction No. 16/2004 concerning the indicators to be used by credit institutions in the disclosure of the information to the public, we have included in the table on he side the relevant indicators calculated in accordance with the version of the instruction currently in force. This amendment aims to align the indicators to be disclosed to the public with the definitions and criteria used by the European Banking Authority (EBA), specifically associating the calculation formulas for these indicators with specific elements of the Financial/Accounting Reporting Framework for Supervisory Purposes (FINREP – Common Reporting Framework). Accordingly, unlike the remaining information disclosed in this release, which is based on the full consolidation perimeter, these indicators are calculated using the prudential perimeter. Jun 25 Jun 26 Profitability Net income / Total assets 1.1% 1.2% Net operating revenues / Total assets 3.7% 3.6% Net income / Equity 13.8% 14.1% Efficiency Cost-to-income ratio 36.0% 35.5% Staff costs / Net operating revenues 20.1% 19.6% Loans to Deposits Loans and advances to non-financial companies and individuals / Deposits from non-financial companies and individuals 64.2% 64.4%
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53 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Milhões de euros*) (Milhões de euros*) Sovereign debt portfolio Sovereign debt portfolio Sovereign debt maturity ✓ The sovereign debt portfolio totalled 35.9 billion, 25.1 billion of which maturing in more than 2 years ✓ The Portuguese sovereign debt portfolio totalled 3.1 billion, Polish amounted to 13.3 billion and Mozambican amounted to 0.6 billion; ‘Other’ includes, among other, sovereign debt from the European Union (5.5 billion), Spain (4.5 billion), France (3.7 billion), Italy (1.6 billion), Belgium (1.3 billion), Austria (0.8 billion) and Ireland (0.5 billion) ≤1y: 16% >1y, ≤2y: 14% >2y, ≤5y: 56% >5y, ≤8y: 13% >8y, ≤10y: 1% >10y: 0% Mar 25 Jun 25 Set 25 Dez 25 Jun 26 YoY QoQ Portugal 2,628 2,382 2,158 3,133 3,053 +16% -3% BTs e outros 704 456 390 1,384 1,296 +84% -6% Obrigações 1,924 1,926 1,768 1,749 1,758 -9% +0% Polónia 9,380 10,386 11,016 12,512 13,287 +42% +6% Moçambique 551 582 558 585 606 +10% +4% Outros 18,877 19,092 18,785 18,253 18,994 +1% +4% Total 31,436 32,442 32,518 34,484 35,940 +14% +4%
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54 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 *Includes financial assets at fair value through other comprehensive income (11,811 million) and financial assets at amortized cost (22,575 million). Sovereign debt portfolio breakdown Million euros Portugal Poland Mozambique Other Total Trading book 1,304 53 0 199 1,555 ≤ 1 year 1,298 27 0 197 1,522 > 1 year and ≤ 2 years 0 3 0 0 3 > 2 years and ≤ 5 years 2 18 0 0 20 > 5 years and ≤ 8 years 1 3 0 0 4 > 8 years and ≤ 10 years 0 2 0 0 2 > 10 years 1 0 0 1 3 Banking book* 1,750 13,235 606 18,796 34,386 ≤ 1 year 5 2,533 295 1,364 4,198 > 1 year and ≤ 2 years 49 1,636 52 3,354 5,092 > 2 years and ≤ 5 years 1,444 8,462 224 9,960 20,090 > 5 years and ≤ 8 years 107 604 35 3,981 4,726 > 8 years and ≤ 10 years 83 0 0 125 208 > 10 years 62 0 0 10 72 Total 3,053 13,287 606 18,994 35,940 ≤ 1 year 1,303 2,560 295 1,561 5,720 > 1 year and ≤ 2 years 50 1,639 52 3,354 5,095 > 2 years and ≤ 5 years 1,447 8,480 224 9,960 20,110 > 5 years and ≤ 8 years 108 607 35 3,981 4,730 > 8 years and ≤ 10 years 83 2 0 125 210 > 10 years 63 0 0 12 75
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55 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Diversified and collateralised portfolio Loans per collateral LTV of the mortgage portfolio (Consolidated) Breakdown (Portugal)(Consolidated) ✓ Loans to companies accounted for 39% of the loan portfolio, including 7% to construction and real-estate sectors, as of June 2026 ✓ Mortgage accounted for 48% of the loan portfolio, with low delinquency levels and an average LTV of 61% ✓ 82% of the loan portfolio is collateralised Mortgage 48% Personal/ other 12% Companies 39% 0-40 19% 40-50 12% 50-60 15% 60-75 25% 75-80 8% 80-90 14% >90 7%Real guarantees 57% Other guarantees 25% Unsecured 18%
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56 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Interest rate risk hedging portfolio Outstanding position in fixed rate bonds and interest rate swaps Total bond’s portfolio Unhedged bonds Total portfolio rating Interest rate swaps Unhedged bonds 13,336 9,982 5,846 2,408 19,194 17,726 12,774 21,248 32,530 27,707 18,620 23,656 2026 2027 2028 2029-2031 ≤ 3 years; 58% 4-5 years; 39% ≥6 years; 3% AAA <-> AA; 40% A+ <-> A-; 51% BBB+; 9% ≤ 3 years; 25% 4-5 years; 54% ≥6 years; 21%2.3% 2.5%2.3% 2.7%Average rate *Average annual amounts in millions of euros
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57 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros) For the 6-month periods ended June 30, 2025 and 2026 Consolidated income statement Jun 2 5 Jun 2 6 Δ % Jun 2 5 Jun 2 6 Δ % Jun 2 5 Jun 2 6 Δ % Jun 2 5 Jun 2 6 Δ % Jun 2 5 Jun 2 6 Δ % Jun 2 5 Jun 2 6 Δ % Interest income 2,222 2,1 35 -3.9% 1 ,002 993 -0.9% 1 ,220 1 ,1 42 -6.4% 1 ,078 1 ,01 3 -6.1 % 1 42 1 29 -9.3% 0 0 -63.6% Interest expense 778 641 -1 7.6% 343 260 -24.3% 435 381 -1 2.4% 402 360 -1 0.4% 33 21 -36.3% 0 0 >1 00% N et interest inco me 1,444 1,494 3.4% 659 733 11.3% 785 761 -3.1% 676 653 -3.5% 109 108 -1.2% 0 0 -82.7% Dividends from equity instruments 1 1 4.0% 0 0 -- 1 1 4.0% 1 1 4.0% 0 0 -- 0 0 -- Intermediatio n margin 1,445 1,495 3.4% 659 733 11.3% 786 762 -3.1% 677 654 -3.4% 109 108 -1.2% 0 0 -82.7% Net fees and commission income 41 4 438 5.8% 307 322 5.0% 1 07 116 8.3% 88 97 1 0.5% 19 19 -1 .6% 0 0 45.0% Other net operating income -98 -1 01 -3.2% -22 -38 -77.2% -76 -62 1 7.8% -77 -63 1 8.2% 1 0 -54.3% 0 0 >1 00% B asic inco me 1,761 1,832 4.0% 944 1,017 7.7% 817 815 -0.3% 688 688 -0.0% 129 127 -1.6% 0 0 -83.3% Net trading income 56 81 45.5% 7 41 >1 00% 49 40 -1 7.6% 41 33 -1 8.2% 8 7 -1 4.7% 0 0 <-1 00% Equity accounted earnings 31 37 1 9.8% 28 34 1 8.9% 3 3 30.3% 0 0 -- 1 1 -1 2.0% 2 3 46.5% N et o perating revenues 1,848 1,950 5.5% 980 1,092 11.5% 868 858 -1.2% 729 721 -1.0% 137 134 -2.4% 2 3 46.5% Staff costs 383 399 4.0% 1 97 200 1 .8% 1 87 1 98 6.4% 1 58 1 68 6.5% 29 30 5.9% 0 0 -- Other administrative costs 223 239 7.1 % 1 05 115 8.9% 118 1 25 5.5% 86 97 1 2.2% 32 28 -1 2.5% 0 0 -- Amortisation and depreciation 77 82 6.9% 40 46 1 3.5% 37 36 -0.3% 26 30 1 4.2% 10 6 -38.4% 0 0 -- Operating co sts 684 720 5.4% 342 361 5.4% 341 359 5.4% 270 295 9.1 % 71 65 -8.7% 0 0 -- P ro fit bef. impairment and pro visio ns 1,164 1,230 5.6% 637 731 14.8% 527 499 -5.4% 458 426 -7.0% 67 70 4.3% 2 3 46.5% Results on modification -5 -1 83.6% 0 0 -- -5 -1 83.6% -5 -1 83.6% 0 0 -- 0 0 -- Loans impairment (net of recoveries) 90 1 04 1 6.3% 69 73 5.4% 21 32 51 .8% 16 27 70.7% 5 4 -9.2% 0 0 -57.8% Other impairm. and provisions 281 1 89 -32.8% 6 28 >1 00% 275 1 60 -41 .8% 252 1 22 -51 .5% 23 38 66.4% 0 0 1 00.0% P ro fit befo re inco me tax 789 936 18.7% 563 631 12.0% 226 306 35.4% 185 276 49.1% 39 27 -30.3% 2 3 46.5% Income tax 21 8 283 29.4% 1 39 1 60 1 5.3% 79 1 22 54.1 % 64 1 09 70.3% 15 13 -1 3.4% 0 0 -- N et inco me after inco me tax fro m co ntinuing o peratio ns571 654 14.6% 424 470 10.9% 147 184 25.2% 121 167 37.9% 24 14 -41.2% 2 3 46.5% Net income from discontinued operations 0 0 -- 0 0 -- 0 0 -- 0 0 -- Non-controlling interests 68 88 28.8% 0 0 -1 6.3% 68 88 28.7% 0 0 -- 0 0 -- 68 88 28.7% N et inco me 502 566 12.7% 424 470 10.9% 78 96 22.1% 121 167 37.9% 24 14 -41.2% -66 -85 -28.3% M illennium bim (M o z.) Internatio nal o peratio ns Gro up P o rtugal T o tal B ank M illennium (P o land) Other int. o peratio ns
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58 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Consolidated balance sheet (Million euros) 30 June 2026 30 June 2025 ASSETS Cash and deposits at Central Banks 3,826.6 3,043.7 Loans and advances to credit institutions repayable on demand 216.3 271.5 Financial assets at amortised cost Loans and advances to credit institutions 1,009.1 1,154.9 Loans and advances to customers 59,513.4 55,023.5 Debt securities 27,249.7 25,001.0 Financial assets at fair value through profit or loss Financial assets held for trading 1,911.4 1,611.1 Financial assets not held for trading mandatorily at fair value through profit or loss 353.2 344.5 Financial assets designated at fair value through profit or loss - 37.2 Financial assets at fair value through other comprehensive income 15,818.9 13,749.4 Hedging derivatives 75.6 85.9 Investments in associates 449.3 422.1 Non-current assets held for sale 60.3 75.3 Investment property 5.1 17.4 Other tangible assets 564.6 586.1 Goodwill and intangible assets 323.7 281.6 Current tax assets 8.1 24.3 Deferred tax assets 1,502.4 1,968.9 Other assets 1,912.0 1,767.2 TOTAL ASSETS 114,799.8 105,465.5 30 June 2026 30 June 2025 LIABILITIES Financial liabilities at amortised cost Deposits from credit institutions and other funds 793.3 771.7 Deposits from customers and other funds 91,357.6 83,968.0 Non-subordinated debt securities issued 3,940.7 4,265.8 Subordinated debt 2,381.1 1,398.5 Financial liabilities at fair value through profit or loss Financial liabilities held for trading 100.2 252.0 Financial liabilities designated at fair value through profit or loss 3,705.1 3,353.2 Hedging derivatives 36.8 52.2 Provisions 1,186.5 1,222.1 Current tax liabilities 70.8 81.0 Deferred tax liabilities 6.8 6.9 Other liabilities 1,659.4 1,690.4 TOTAL LIABILITIES 105,238.2 97,061.8 EQUITY Share capital 3,000.0 3,000.0 Share premium 16.5 16.5 Other equity instruments 400.0 400.0 Legal and statutory reserves 546.1 464.7 Treasury shares (32.1) (127.6) Reserves and retained earnings 3,403.0 2,983.5 Net income for the period attributable to Bank's Shareholders 565.8 502.3 Non-controlling interests 1,662.3 1,164.4 TOTAL EQUITY 9,561.6 8,403.7 TOTAL LIABILITIES AND EQUITY 114,799.8 105,465.5
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59 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Consolidated net income *Includes dividends from equity instruments, other net operating income, net trading income and equity accounted earnings. (Million euros) H1'25 H1'26 YoY Impact on earnings Net interest income 1,444.1 1,493.8 +3.4% +49.8 Net fees and commissions 413.8 438.0 +5.8% +24.2 Other income* -9.9 18.5 +28.4 Net operating revenue 1,848.0 1,950.3 +5.5% +102.4 Staff costs -383.3 -398.7 +4.0% -15.4 Other administrative costs and depreciation -300.2 -321.5 +7.1% -21.3 Operating costs -683.5 -720.2 +5.4% -36.7 Profit before impairment and provisions 1,164.4 1,230.1 +5.6% +65.7 Results on modification -5.1 -0.8 +4.3 Loans impairment (net of recoveries) -89.8 -104.4 +16.3% -14.6 Other impairment and provisions -280.6 -188.5 -32.8% +92.1 Results of modification, Impairment and provisions -375.5 -293.7 -21.8% +81.7 Profit before income tax 788.9 936.4 +18.7% +147.5 Income taxes -218.4 -282.7 +29.4% -64.3 Non-controlling interests -68.2 -87.9 +28.8% -19.6 Net income 502.3 565.8 +12.7% +63.6
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60 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Net Income - Group - per quarter Group (Million euros) Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 vs % Q1'26 vs % Q2'25 Net interest income 723.0 722.5 731.5 738.4 755.5 2.3% 4.5% Net fees and commissions 212.4 215.0 218.6 218.0 220.0 0.9% 3.6% Equity earnings + dividends 18.4 13.6 17.6 15.8 22.3 41.2% 21.1% Net trading income 26.3 24.8 24.9 49.8 31.5 -36.8% 19.5% Other net operating income -41.3 1.0 -2.2 -38.8 -61.9 59.5% 50.0% Net operating revenue 938.8 976.9 990.3 983.0 967.3 -1.6% 3.0% Staff costs -195.2 -192.0 -217.1 -196.4 -202.3 3.0% 3.6% Other administrative costs and depreciation -148.6 -156.9 -165.5 -158.6 -162.9 2.8% 9.7% Operating costs -343.8 -349.0 -382.6 -354.9 -365.3 2.9% 6.2% Profit before impairment and provisions 595.0 627.9 607.7 628.1 602.0 -4.2% 1.2% Results on modification -0.9 -0.3 0.1 -0.4 -0.5 31.6% -49.4% Loans impairment (net of recoveries) -34.1 -51.2 -58.5 -55.9 -48.5 -13.1% 42.1% Other impairment and provisions -149.2 -163.6 -181.6 -91.8 -96.7 5.3% -35.2% Results of modification, Impairment and provisions -184.3 -215.2 -240.0 -148.1 -145.7 -1.6% -21.0% Profit before income tax 410.7 412.8 367.7 480.1 456.3 -4.9% 11.1% Income taxes -106.2 -98.7 -91.6 -136.9 -145.7 6.4% 37.3% Non-controlling interests -45.7 -40.5 -33.4 -37.3 -50.5 35.4% 10.6% Net income 258.8 273.6 242.7 305.8 260.1 -15.0% 0.5%
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61 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Net Income - Portugal - per quarter Portugal (Million euros) Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 vs % Q1'26 vs % Q2'25 Net interest income 332.9 336.0 343.5 357.7 375.4 4.9% 12.8% Net fees and commissions 159.3 158.4 160.5 160.4 162.1 1.1% 1.7% Equity earnings + dividends 16.1 11.7 15.6 14.4 19.5 35.1% 21.1% Net trading income -6.3 3.8 -3.9 37.4 3.6 -90.4% <100% Other net operating income -19.6 12.0 17.8 5.7 -44.1 <100% >100% Net operating revenue 482.5 521.9 533.5 575.7 516.5 -10.3% 7.1% Staff costs -99.8 -98.6 -120.6 -97.4 -102.8 5.6% 3.0% Other administrative costs and depreciation -73.9 -77.0 -80.4 -78.9 -81.7 3.5% 10.5% Operating costs -173.7 -175.5 -201.0 -176.2 -184.5 4.7% 6.2% Profit before impairment and provisions 308.7 346.3 332.5 399.4 332.0 -16.9% 7.5% Loans impairment (net of recoveries) -35.4 -35.1 -30.3 -35.8 -36.8 2.8% 3.7% Other impairment and provisions -0.5 -4.7 -18.3 -15.6 -12.7 -18.2% >100% Results of modification, Impairment and provisions -35.9 -39.8 -48.6 -51.3 -49.5 -3.6% 37.9% Profit before income tax 272.8 306.5 283.9 348.1 282.5 -18.8% 3.5% Income taxes -67.8 -76.6 -69.0 -82.7 -77.7 -6.1% 14.7% Non-controlling interests 0.0 0.5 0.0 0.0 0.1 >100% 50.2% Net income 205.1 230.5 214.9 265.4 204.9 -22.8% -0.1%
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62 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Net Income – International op. - per quarter International Operations (Million euros) Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 vs % Q1'26 vs % Q2'25 Net interest income 390.1 386.6 388.0 380.6 380.0 -0.1% -2.6% Net fees and commissions 53.1 56.6 58.1 57.6 58.0 0.6% 9.3% Equity earnings + dividends 2.3 1.9 2.0 1.4 2.8 >100% 21.3% Net trading income 32.6 21.0 28.8 12.4 27.9 >100% -14.5% Other net operating income -21.7 -11.0 -20.0 -44.6 -17.9 -59.9% -17.6% Net operating revenue 456.3 455.1 456.8 407.4 450.8 10.7% -1.2% Staff costs -95.4 -93.5 -96.5 -99.0 -99.5 0.6% 4.3% Other administrative costs and depreciation -74.7 -80.0 -85.1 -79.7 -81.3 2.0% 8.8% Operating costs -170.1 -173.4 -181.5 -178.7 -180.8 1.2% 6.3% Profit before impairment and provisions 286.2 281.6 275.3 228.7 270.0 18.1% -5.7% Results on modification -0.9 -0.3 0.1 -0.4 -0.5 31.6% -49.4% Loans impairment (net of recoveries) 1.3 -16.1 -28.2 -20.1 -11.8 -41.6% <-100% Other impairment and provisions -148.8 -159.0 -163.4 -76.3 -83.9 10.1% -43.6% Results of modification, Impairment and provisions -148.4 -175.4 -191.5 -96.7 -96.2 -0.6% -35.2% Profit before income tax 137.8 106.3 83.8 131.9 173.8 31.7% 26.1% Income taxes -38.4 -22.1 -22.6 -54.2 -68.0 25.5% 77.2% Net income of international operations 99.5 84.2 61.2 77.7 105.8 36.1% 6.4% Non-controlling interests -45.7 -41.0 -33.4 -37.3 -50.6 35.5% 10.6% Contribution from international operations 53.7 43.2 27.8 40.4 55.2 36.7% 2.7%
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63 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Glossary (1/2) Assets placed with Customers – amounts held by Customers in the context of the placement of third-party products that contribute to the recognition of commissions. Average equity - weighted average of the average of monthly equity in the period. Average total assets - weighted average of the average of monthly net assets in the period. Balance sheet Customer funds – deposits and other resources from Customers and debt securities placed with Customers. Business Volumes - corresponds to the sum of total Customer funds and loans to Customers (gross). Commercial gap – loans to Customers (gross) minus on-balance sheet Customer funds. Core income - net interest income plus net fees and commissions income. Core net income - net interest income plus net fees and commissions income deducted from operating costs. Cost of risk, net (expressed in basis points) - ratio of loans impairment (P&L) accounted in the period to loans to Customers at amortized cost and debt instruments at amort ized cost related to credit operations before impairment at the end of the period. Cost to core income - operating costs divided by core income. Cost to income – operating costs divided by net operating revenues. Coverage of non-performing exposures by impairments – loans impairments (balance sheet) divided by the stock of NPE. Coverage of non-performing loans by impairments – loans impairments (balance sheet) divided by the stock of NPL. Coverage of overdue loans by impairments - loans impairments (balance sheet) divided by overdue loans. Coverage of overdue loans by more than 90 days by impairments - loans impairments (balance sheet) divided by overdue loans by more than 90 days. Debt instruments – non-subordinated debt instruments at amortized cost and financial liabilities measured at fair value through profit or loss ( debt securities and certificates). Debt securities placed with Customers - debt securities issued by the Bank and placed with Customers. Deposits and other resources from Customers – Deposits from Customers at amortized cost (excluding repos) and Customer deposits at fair value through profit or loss. Dividends from equity instruments - dividends received from investments classified as financial assets at fair value through other comprehensive income and from financial assets held for trading. Equity accounted earnings - results appropriated by the Group related to the consolidation of entities where, despite having some influence, the Group does not control the financial and operational policies. EPS (Earnings per Share) - earnings per share, considering the ratio between the net income for the year attributable to the Bank's shareholders, deduct ed from coupons on AT1 (if they exist) and the average number of shares. Insurance products – includes unit linked saving products and retirement saving plans (“PPR”, “PPE” and “PPR/E”). Loans impairment (balance sheet) – balance sheet impairment related to loans to Customers at amortized cost, balance sheet impairment associated with debt instr uments at amortized cost related to credit operations and fair value adjustments related to loans to Customers at fair value through profit or loss. Loans impairment (P&L) – impairment (net of reversals and net of recoveries - principal and accrual) of financial assets at amortized cost for loans t o Customers and for debt instruments related to credit operations. Loans to Customers (gross) – loans to Customers at amortized cost before impairment (excluding reverse repos), debt instruments at amortized cost associa ted to credit operations before impairment and loans to Customers at fair value through profit or loss before fair value adjustments.
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64 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Glossary (2/2) Loans to Customers (net) - loans to Customers at amortized cost net of impairment (excluding reverse repos), debt instruments at amortized cost associat ed to credit operations net of impairment and balance sheet amount of loans to Customers at fair value through profit or loss. Loan to Deposits ratio (LTD) – loans to Customers (net) divided by deposits and other resources from Customers. Loan to value ratio (LTV) – mortgage amount divided by the appraised value of property. Net commissions - net fees and commissions income. Net interest margin (NIM) - net interest income for the period as a percentage of average interest earning assets. Net operating revenues - net interest income, dividends from equity instruments, net commissions, net trading income, other net operating income and equity accounted earnings. Net trading income – gains/(losses) on financial operations at fair value through profit or loss, foreign exchange gains/(losses), gains/(losses) on hedge accounting and gains/(losses) arising from derecognition of financial assets and liabilities not measured at fair value through profit or loss. NPE (Non-performing exposures) - non-performing loans and advances to Customers (includes loans to Customers at amortised cost, loans to Customers at fair value through profit or loss and, from 2023, debt instruments at amortised cost associated to credit operations before impairment ) more than 90 days past -due or unlikely to be paid without collateral realisation, if they recognised as defaulted or impaired. NPL > 90 days (Non-performing loans for more than 90 days) – overdue loans (loans to Customers at amortised cost, loans to Customers at fair value through profit or loss and, from 2023, debt instruments at amortised cost associated to credit operations before impairment) more than 90 days past due including the non -overdue remaining principal of loans, i.e. portion in arrears, plus non - overdue remaining principal. Off-balance sheet Customer funds – assets under management, assets placed with Customers and insurance products (savings and investment) subscribed by Customers. Operating costs - staff costs, other administrative costs and depreciation. Other impairment and provisions – impairment (net of reversals) for loans and advances of credit institutions classified at amortized cost, impairment for fina ncial assets (classified at fair value through other comprehensive income and at amortized cost not associated with credit operations), impairment for other assets, namely assets received as payment in kind, investments in associated companies and goodwill of subsidiaries and other provisions. Other net income – dividends from equity instruments, net commissions, net trading income, other net operating income and equity accounted earni ngs. Other net operating income – net gains from insurance activity, other operating income/(loss) and gains/(losses) arising from sales of subsidiaries and ot her assets. Profit before impairment and provisions – net operating revenues deducted from operating costs. Return on average assets (ROA) – net income (before minority interests) divided by the average total assets. Return on equity (ROE) – net income (after minority interests) deducted from Coupons on AT1 (if they exist), divided by the average equity, with Equit y = Equity - preference shares - other capital instruments, net of treasury shares of the same nature - non-controlling interests. Return on tangible equity (ROTE) – net income (after minority interests) deducted from Coupons on AT1 and from goodwill impairment (if they exist), divided by t he average equity, deducted from goodwill and intangible assets, with Equity = Equity - preference shares - other capital instruments, net of treasury shares of the same nature - non-controlling interests. Securities portfolio - debt instruments at amortised cost not associated with credit operations (net of impairment), financial assets at fair value through profit or loss (exclud ing the ones related to assets with repurchase agreement held for trading, trading derivatives and loans to customers) and financial assets at fair value through other comprehensive income. Spread - increase (in percentage points) to the index used by the Bank in loans granting or fund raising. Total Customer funds - balance sheet Customer funds and off-balance sheet Customer fund. Total Customer funds - balance sheet Customer funds and off-balance sheet Customer funds.
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65 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 INVESTOR RELATIONS DIVISION Bernardo Collaço, Head investors@millenniumbcp.pt BANCO COMERCIAL PORTUGUÊS, S.A. Registered Office: Praça D. João I, 28, Oporto, Share Capital: EUR 3,000,000,000.00. Registered at the Commercial Registry of Oporto, with the single commercial and tax identification number 501 525 882 and the. LEI: JU1U6SODG9YLT7N8ZV32 EQUITY Alexandre Moita +351 211 131 321 DEBT AND RATINGS Luís Morais +351 211 131 337