BPI Bank closes 14 branches

in Business · 08-11-2019 01:00:00 · 0 Comments
BPI Bank closes 14 branches

BPI Bank posted Q3 profits of €253.6 million, with 29 fewer workers and 14 fewer branches compared to the same period last year.

In the presentation of the results of the bank owned by the Spanish CaixaBank, it can be read that in September 2019, the BPI had 4,869 employees, while in September last year it had 4,898.


In terms of branches, BPI’s network decreased by 14 in September of this year compared to September 2018. At the end of Q3 2019 it had 407 branches.


However, the bank mentions that in September of this year it had “in Portugal 31 ‘premier’ centres, one mobile branch and 34 business centres, making a total of 479 commercial units”.

BPI’s recorded €253.6 million profits in the first nine months of this year represents a decrease of 52 percent from the €529.1 million achieved in the same period of 2018.


“Compared to the same period of 2018, the evolution of the consolidated profit (-52 percent) is strongly influenced by the extraordinary positive impacts registered in September 2018 (€+160 million, mainly gains on the sale of shareholdings) in the activity in Portugal which were not repeated in 2019”.



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