Portuguese bank BCP, which had delayed disclosing its earnings until Wednesday’s general shareholder meeting, and perhaps hoping that a Trump win or fail would create a smokes screen, admitted today that it had lost €251.1 million in the first nine months of the year compared with a €264.5 profit in the same period in 2015.
"The book results were impacted by extraordinary allocations to cover impairments. The chairman said that these items were not recurring.
The bank had to account for another €100 million in impairments in the third quarter, bringing the total for the first nine months to €400 million.