One-third of BPI’s mortgage portfolio allows clients hit by rising interest rates to negotiate loans at better terms, the bank’s president said this Friday during the presentation of 2022 results.
João Pedro Oliveira y Costa added that there are currently 2,000 loan agreements suitable for restructuring, but the bank “does not intend to provide any loans. Only in extreme cases.”
However, even in other cases, the bank has solutions for clients, such as a one-year capital shortfall and an extension of the contract term, he said. In 2022, BPI’s consolidated profit was 365 million euros, up 19% year-on-year. Net interest income rose by 20% to €548 million, while fees and commissions rose by 3% to €296 million. BPI, which is 100% owned by CaixaBank, will offer to pay the Spanish bank 284 million euros.