Filipe Amorim / LUSA
81.6% of the bank’s capital is not held by Portuguese shareholders. Chinese and Angolan investors are in charge.
The Portuguese Commercial Bank (BCP) was founded just over 40 years ago, in 1985. At that time, all shareholders were Portuguese.
The years passed, the context changed, and BCP gained shareholders all over the world.
A decade ago, in 2016, Fosun (China) joined the bank’s shareholder list. Even so, at that time more than half of the shareholders were Portuguese.
In 2022, another drop and the Portuguese were left with 30% on the list of shareholders. In 2024 it was around 25%.
But, no end of last yearthe percentage dropped even further: 18.4% of BCP shareholders were Portugueseindicates or .
Chinese e Angolans are at the front of the list. The 2025 report and accounts show that Chinese investors controlled 20.5% of (the vast majority, 20.45%, belongs to the Fosun group); Angolans had 20.20% – with Sonangol having 19.9% of the total.
Investors from United States of America and the United Kingdom, which, together, continued with a combined position of 18.9% – a little more than the Portuguese.
“The evolution of the shareholder structure results from the individual decisions of investors and market dynamics. Millennium bcp will continue to execute its strategic plan, seeking to generate value and remunerate stakeholders, with the aim of maintaining the bank as an attractive investment for all investors”, comments the bank’s press office, in Público.
Os profits of 1,018.6 million euros in 2025 they will benefit mainly foreign shareholders. The bank’s management will propose an increase in shareholder remuneration to up to 90% of profits (it’s 75% at this point).
