Core Tier I, including the liability management
operation concluded in October 2011, stood at 9.1%;
Consolidated net income of Euro 59.4 million in the
first nine months of 2011;
Net income of the international activity boosted by
the positive performance in the operations in Poland
(+60%), Mozambique (+45%) and Angola (+41%);
Net interest income was up by 9.6% from the first
nine months of 2010, sustained by both the activity in
Portugal (+9.0%) and the international activity
(+10.7%);
Banking commissions increased 3.1%, from the first
nine months of 2010; total net commissions reduced
1.2%;
Operating costs dropped by 5.4% sustained by the
decrease in costs in the activity in Portugal (-5.8%) and
in the international activity (-4.7%);
On balance sheet customer funds grew 2.5% to Euro
51,351 million on 30 September 2011; total customer funds
reduced 3.6%;
Customer deposits remained stable from the end of
September 2010, and totalled Euro 45,312 million; customer
deposits in Portugal increased 1.0% from 30 June
2011;
Loans to customers amounted to Euro 73,379 million as
at 30 September 2011, decreasing 4.3%, from the same date
in 2010; loans to customers in Portugal reduced 1.0% from
30 June 2011;
Overdue loans by more than 90 days stood at 4.3% of
total loans, reflecting the current economic and financial
context, and the coverage ratio stood at 95.5%;
Launch of an exchange offer for holders of perpetual
debt instruments and preference shares by new debt
instruments, as part of the proactive management of the
Group's outstanding liabilities and capital structure.
The operation was concluded on 6 October, with an
acceptance of 75% of the amount of the issues included in
the offer.
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Banco Comercial Português, S.A. is one of Portugal's leading banking groups. Net interest income breaks down by activity as follows:
- retail banking (79.3%): including Portugal and Poland, Greece, Romania, Angola and Mozambique operations;
- corporate and investment banking (7.3%);
- private banking (1.2%);
- other (12.2%).
At the end of 2023, the group managed EUR 77.9 billion in current deposits and EUR 55.2 billion in current credits.
Products and services are marketed through a network of 1,206 banking offices worldwide.
Net interest income breaks down geographically as follows: Portugal (51.9%), Poland (40.9%) and Mozambique (7.2%).
BANCO COMERCIAL PORTUGUÊS, S.A. 
