LISBON, Nov 11 (Reuters) - Millennium bcp, Portugal's largest listed bank, posted on Wednesday a 25 percent rise in nine-month net profit, boosted by the sale of part of its business in Angola and largely in line with expectations.
The bank said in a statement net profit totaled 178.1 million euros ($266 million).
However, net interest income came under pressure, falling 21.8 percent to 998.2 million euros.
Analysts in a Reuters poll had expected, on average, a nine-month net profit of 182 million euros and net interest income -- the difference between interest paid on deposits and interest charged on credit -- of 987 million euros.
A year ago BCP's bottom line was affected by steep losses on its stake in local rival Banco BPI. The stake has since been sold.
(Reporting by Andrei Khalip and Axel Bugge) Keywords: BCP/RESULTS (andrei.khalip@thomsonreuters.com; (351) 213-509-209; RM: andrei.khalip.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The bank said in a statement net profit totaled 178.1 million euros ($266 million).
However, net interest income came under pressure, falling 21.8 percent to 998.2 million euros.
Analysts in a Reuters poll had expected, on average, a nine-month net profit of 182 million euros and net interest income -- the difference between interest paid on deposits and interest charged on credit -- of 987 million euros.
A year ago BCP's bottom line was affected by steep losses on its stake in local rival Banco BPI. The stake has since been sold.
(Reporting by Andrei Khalip and Axel Bugge) Keywords: BCP/RESULTS (andrei.khalip@thomsonreuters.com; (351) 213-509-209; RM: andrei.khalip.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
