Finance
Millennium bcp's profit rises 12% to record, plans dividend hike
Published by Global Banking & Finance Review®
Posted on February 25, 2026
2 min readLast updated: February 25, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 25, 2026
2 min readLast updated: February 25, 2026
Millennium bcp posted a record €1.02bn profit for 2025, up 12% and above forecasts. It plans 50% dividends through 2028 plus buybacks, targeting up to 90% of profits, supported by strong gains at its Polish unit.
LISBON, Feb 25 (Reuters) - Millennium bcp, Portugal’s largest listed bank, said on Wednesday its 2025 net profit rose 12% to a record high, driven by strong earnings at its Polish unit, and announced plans to increase shareholder payouts.
It booked a consolidated net profit of 1.02 billion euros ($1.20 billion), slightly beating the average forecast of 996 million euros in an LSEG poll.
Millennium bcp said in a statement that it will propose at its shareholders' meeting a plan for the bank to distribute 50% of net income as dividends through 2028, complemented by a regular share buyback programme that would lift total shareholder remuneration to as much as 90% of profits. The bank currently returns up to 75% of profits to shareholders.
Net income of its half-owned Polish subsidiary Millennium bank soared 67% to 283.7 million euros despite heavy charges related to its Swiss franc mortgage loan portfolio decreased.
($1 = 0.8473 euros)
(reporting by Sergio Goncalves; Editing by Emma Pinedo)
Millennium bcp reported record 2025 earnings and outlined a richer shareholder returns plan, combining higher dividends with ongoing share buybacks.
Net profit increased 12% to €1.02 billion, beating expectations. Growth was led by its Polish unit, where profits rose as Swiss franc mortgage-related charges declined.
The bank plans to distribute 50% of net income as dividends through 2028 and run regular buybacks, potentially lifting total shareholder remuneration to as much as 90% of profits.
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