Sunday, January 29, 2017

The profits of the BPI Group increase by almost 33% to 313 million euros – the Journal News

The BPI Group obtained a profit of 313,2 million euros in 2016, more of 32.5% than in 2015, announced the institution led by Fernando Ulrich.

contributed To these results the activity of the international 166.3 million euros, up 16% compared to the previous year, primarily as a result of the operation in angola, where the BPI had in 2016 the majority of the capital of Banco de Fomento de Angola (BFA).

However, already in January, the participation of the BPI in the BFA was reduced to 48.1%, with the operator, angola’s Unitel now the majority of the african bank.

Already the activity in Portugal, gave a net profit to the BIS 147 million last year, an increase of 58% year-on-year.

profits in 2016 are the biggest since 2007, when the bank earned 355 million euros positive.

by Analyzing the profit and loss account, the past year, the financial margin consolidated has increased by 14.4% in relation to 2015, to 407,4 million euros, the banking product to advance by 7.5%, to 716.6 million euros.

For expenses, the cost structure consolidated income statement were practically stabilized in 497,9 million euros, with personnel costs up by 1.9%, to 308 million euros.

However, it must be noted that the values relative to 2015, based on which the comparison is carried out with 2016, values will be “proforma”, in that the operation of the Banco de Fomento de Angola (by the BPI have left of control) shall already be represented in the caption “discontinued operations”, being so different from the values reported at the end of the year 2015.

Looking only to the activity of BPI in Portugal, the financial margin grew by 14.3% to euro 406 million, and net commissions rose by 1.5%, for 259,7 million, which contributed to the banking product to increase by 7.4%, to 715,4 million euros.

Already the deposits of customers rose by 5%, to 19,8 billion euros, and the credit was almost equal, in the 22.7 billion euros.

The bank, led by Artur Santos Silva Fernando Ulrich announced today that the ROE (Return on Equity), which evaluates the profitability of the own capital, was 13.4% in 2016.

finally, the BPI closed 2016 with a capital ratio ‘common equity tier 1′ of 11.4% with the criteria of the transition, and 11.1% with the rules completely executed,


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