Business

Montepio's profit rises 7.1% to €92.5 million by September

Banco Montepio reported a net profit of €92.5 million by September, reflecting a 7.1% increase compared to the previous year.

2 November 2026Tagblick Newsdesk

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Archive photo: Montepio's profit rises 7.1% to €92.5 million by September — Archive photoPhoto: Shatabisha · Wikimedia Commons · CC BY-SA 3.0

Banco Montepio announced a net profit of €92.5 million by September, representing a 7.1% increase compared to the same period last year, according to released data. The growth was attributed to the evolution of commercial activity and the bank's financial stability.

Montepio's banking products also grew, reaching €358.8 million, an increase of 6.8%.

In terms of provisions expenses, the bank reported a decrease, contributing to the positive results. This reduction reflects a more effective management of credit risk and an improvement in asset quality.

In addition to the profit increase, Montepio highlighted significant growth in deposits. The institution noted a recovery in customer confidence in its financial stability.

On the other hand, BPI announced a 7% decrease in its profits, totaling €363 million by September, compared to the same period in 2025. This decline was also accompanied by a general decrease in products.

Another important trend noted in the banking sector in Portugal is the increase in new housing loan contracts, which reached €2.171 billion in September, as reported by Banco de Portugal.

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