BCP Executive Committee Chairman Miguel Maia said this Wednesday that he does not foresee an increase in non-performing loans in the next two years due to the ECB’s interest rate hike, considering the movement a “normalization process”. monetary policy”.
“There is no increase in interest rates to levels outside the normal range. What we have today is a zero rate,” Miguel Maia said at a press conference on the presentation of the bank’s results for the first half of the year.
Asked about the impact of the European Central Bank’s (ECB’s) interest rate hike last week, BCP’s executive chairman (CEO) said he does not foresee “no growth in NPLs over the next two years.” [sigla em inglês para ‘non-performing loans’, créditos em incumprimento]on the basis of what has to do with raising interest rates.”
Author: Lusa
Source: CM Jornal
