Banco Comercial estimates FX provisions: Banco Comercial stock falls 1.72 percent

Published on 10/08/2026 at 12:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net profit rose 12.70 percent to EUR 566.10 million in first half of 2026. Banco Comercial stock costs EUR 1.14 on October 8, 2026 versus EUR 1.16.

Banco Comercial, PTBCP0AM0015, Illustration mit AI erstellt.

Banco Comercial (ISIN PTBCP0AM0015) was trading at EUR 1.14 at Lang & Schwarz on October 8, 2026 at 12:08 p.m. CEST, down 1.72 percent versus the EUR 1.16 prior close. The bank had published an October 7, 2026 update on estimated provisions linked to the foreign-currency mortgage portfolio booked by Bank Millennium, according to GlobeNewswire.

Mortgage risk returns to view

The October 7 announcement concerns legal risks tied to foreign-currency mortgages at Bank Millennium, Banco Comercial's Polish subsidiary. The release title identifies the provisions as an estimated third-quarter 2026 item, putting the issue ahead of Banco Comercial's next reported quarter.

The announcement matters because the same portfolio has already shaped the bank's earnings comparison. According to Morningstar DBRS on September 21, 2026, lower provisions related to Swiss franc mortgage litigation in Poland supported first-half results.

Profit growth meets legal risk

Banco Comercial reported net profit of EUR 566.10 million in the first half of 2026, up 12.70 percent from the same period a year earlier, according to Morningstar DBRS. The comparison gives the provisions update a clear counterweight: earnings were higher year over year, but legal costs remain relevant to the Polish business.

Morningstar DBRS also reported total assets of EUR 114.80 billion at the end of June 2026 and said international activities represented 35.00 percent of consolidated assets. Portugal generated 83.00 percent of group net profit in the first half, leaving Poland material to the risk picture even though Portugal remains the main earnings contributor.

Stock stays below its yearly high

Banco Comercial stock was trading at EUR 1.14 at Lang & Schwarz on October 8, 2026 at 12:08 p.m. CEST. The quote was EUR 0.02 below the prior close of EUR 1.16, while the primary-listing range from the latest market data was EUR 0.74 to EUR 1.24.

The bank's current market capitalization was EUR 16.8 billion, and the stock was trading EUR 0.10 below the 52-week high. The further course of trading is shown by the continuously updated real-time quote of Banco Comercial stock.