Our Business - Mortage Loans

Millennium bcp is strongly positioned in the Portuguese mortgage market, currently standing at number two overall and in first place for underwriting new credit.

Growth in mortgage lending has been the main reason for the increase in Millennium bcp's retail lending in Portugal.

This development has been achieved by innovation, quality of service and competitiveness. The variety and originality of the various mortgage credit solutions offered by the bank have been appreciated by the market.

Attention given to the needs of our clients has called for special care in the launching of new mortgage products, matching the requirements of each segment. The creation of these products is carried out on the basis of the client profile, with the objective of exceeding the clients' expectations and obtaining high levels of satisfaction.

Through the approximately 1,000 branches of Millennium bcp and Banco de Investimento Imobiliário, the bank assures:

• A very strong presence among its most important business partners in the relevant sector (estate agents, promoters and clients in general) which has resulted in high levels of recognition for our mortgage products;
• An efficient distribution systemhas also contributed to the strong reception given to these products by clients enabling the bank to surpass its annual objectives with ease in this area of business and consequently increase its market share in mortgages, placing it on the same level as its share of the banking sector as a whole.