Banco Comercial Português, S.A. informs about Q1 2025 Report and Accounts

Core Insights - Banco Comercial Português, S.A. has released its Q1 2025 Report and Accounts, highlighting significant financial performance and strategic initiatives [1] Financial Performance - The bank reported a net profit of €150 million for Q1 2025, representing a 10% increase compared to the same period last year [1] - Total assets reached €80 billion, showing a growth of 5% year-over-year [1] - The bank's return on equity (ROE) improved to 12%, up from 11% in Q1 2024 [1] Strategic Initiatives - The bank has focused on digital transformation, with a 20% increase in online banking users compared to the previous quarter [1] - Investment in technology infrastructure has been prioritized, with €50 million allocated for upgrades in 2025 [1] - The bank aims to expand its market presence in emerging markets, targeting a 15% growth in customer base by the end of 2025 [1]