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BCP boosts earnings by 63% to €97.2m – Banking & Finance



BCP boosts earnings by 63% to €97.2m - Banking & Finance

BCP recorded a profit of 97.2 million euros in the first nine months of the year. The result is 63% higher than the 59.5 million euros received in the same period last year.

In Portugal, net income was $295.7 million “as a result of a 9.3% increase in core income, a 3.4% reduction in operating expenses and an 11 basis point improvement in cost of risk,” the bank explains.

Net interest income increased from 1.91% to 2.38% and reached EUR 1,546 million. In Portugal, the margin remained at 1.45% at 671 million euros. Commissions amounted to 574 million euros (up 7.3%).

Total client funds reached 91.1 billion euros, up 3.5% year-on-year. Of these, demand deposits account for slightly more than half: 48.1 billion. The portfolio of time deposits increased from 20.7 billion euros to 25.7 billion euros.

Loans to customers (gross) increased by 1.1% to 58.6 billion euros.

The share of overdue loans (NPL) for more than 90 days decreased to 1.5% at the end of September (from 2.4% a year earlier).

The total capital ratio was 15.1% and the CET1 capital ratio was 11.4%.

Compulsory contributions to the Portuguese banking sector amounted to 62.2 million euros.

The figures were badly worsened by the operation in Poland, Miguel Maia, the director general of the institution, began by explaining at a press conference to present the results.

Millennium was exposed to extraordinary impacts associated with Millennium Bank, including fees of $393 million related to the Swiss franc mortgage portfolio and loan default provisions of $304.6 million.

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The Bank paid a total of 59.1 million contributions to the Institutional Protection Fund in this country and recorded an impairment of Bank Millennium’s goodwill of 102.3 million.

The institution, led by Miguel Maia, has suffered in recent quarters due to the activities of the Polish bank Millennium, which controls 50.1%.

We are talking about loans in Swiss francs issued in 2008. The appreciation of the Swiss currency in the foreign exchange market caused difficulties for the holders of these loans, and in 2019 the European Court of Justice ruled that customers have the right to demand the conversion of foreign currency loans, which led to that Bank Millennium created reserves, which worsened the consolidated results of the Portuguese group.

Last week, Bank Millennium posted a loss of 214 million euros in the third quarter.

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Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners



Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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The first Dacia hybrid. “The cheapest hybrid family on the market”



The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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See how Tesla tests its electric Semi truck in the worst-case scenarios



Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.

Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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