Miguel Maya, executive chairman of BCP, ruled out the possibility that the bank he directs may need to carry out a capital increase to meet the challenges posed by the covid-19 pandemic.
“BCP will not need any capital increase to face future challenges,” the manager said at the “Banca do Futuro” conference organized by Negócios this Tuesday.
Bank profitability is penalized by the impact of the pandemic. According to the latest data from the Portuguese Banking Association, ROE – the indicator that measures profitability – went from 6% in the first half of 2019 to 0.9% in the same period of this year. Even so, Miguel Maya ruled out the possibility that BCP might need to raise capital. “I put this scenario aside,” he guaranteed.
The statements were made during the “Banca do Futuro” conference organized by Negócios this Tuesday. The event was attended by António Ramalho, CEO of Novo Banco, João Pedro Oliveira e Costa, CEO of BPI, Miguel Maya, president of the executive committee of BCP, Paulo Macedo, president of the executive committee of CGD, and Pedro Castro and Almeida, CEO of Santander Portugal.