The group managed to post an 11% annualised RoTE, in line with our mid-term financial objectives thanks to a sharp recovery in its Portuguese operations. Although such a performance will not be repeated over the next quarters, this confirms that the long-awaited recovery is now well entrenched.
10 May 2019
Well entrenched recovery
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Well entrenched recovery
Banco Comercial Portugues S.A. (0RJN:LON) | 0 0 0.0%
- Published:
10 May 2019 -
Author:
David Grinsztajn -
Pages:
2
The group managed to post an 11% annualised RoTE, in line with our mid-term financial objectives thanks to a sharp recovery in its Portuguese operations. Although such a performance will not be repeated over the next quarters, this confirms that the long-awaited recovery is now well entrenched.