Banco Montepio recorded a profit of 86.4 million euros in the first nine months of 2025, which represents a year-on-year decline of 10.1% (96.1 million euros in the same period last year).
As revealed by the bank in a statement to the CMVM, the financial margin fell 15.8% to 249.3 million euros (296 million a year earlier), due to the reduction in interest rates and increase in financing costs. On the other hand, the fall was mitigated by the higher yield on the securities portfolio and active liquidity management.
Between January and September, the results of financial operations were negative by 10.3 million euros. Therefore, the negative value of 3.5 million recorded in the same period last year worsened. The other results, however, reached a positive result of 14.1 million euroscontrary to the previous period, when they did not exceed negative 2.2 million.
It should be remembered that, on September 30, the rating assigned by Moody’s, Fitch and DBRS to Banco Montepio’s long-term senior debt was in the BBB- category, in investment grade (investment grade). The rating of deposits assigned by the three risk rating agencies was also at investment level. A trend that results from the “positive perception regarding the solidity of the institution”, we can read.