Banco Comercial Português, commonly known by its brand Millennium bcp, is the largest private sector bank in Portugal and one of the country’s leading financial institutions. Established in 1985 through the merger of Banco Comercial de Portugal and Banco Português de Investimento, the bank has its roots in 19th-century commercial banking and has since grown into a diversified financial group serving retail, corporate and institutional clients.
The bank’s core business activities encompass a wide range of banking services, including retail and private banking, corporate and investment banking, treasury operations, asset management and insurance brokerage. Millennium bcp offers deposit accounts, personal and mortgage loans, credit cards, wealth management solutions, trade finance and structured finance products. The bank has also invested heavily in digital channels, providing online and mobile banking platforms that cater to both individual and business customers.
While its primary market remains Portugal, Banco Comercial Português maintains an international presence in key Lusophone markets such as Angola, Mozambique and Brazil, as well as in several European financial centers. Through a network of branches, representative offices and subsidiaries, the bank leverages local expertise and regional partnerships to deliver cross-border solutions and support international trade flows.
The bank is governed by a board of directors and led by Chief Executive Officer Miguel Maya, supported by a senior management team with deep experience in banking, risk management and financial technology. With a focus on prudent lending practices, digital innovation and customer-centric services, Millennium bcp continues to pursue strategic initiatives that reinforce its market position and drive sustainable growth.
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