Banco Nacional Ultramarino (BNU) reported a 29% decline in net profit for the first nine months of 2025, with unaudited figures showing earnings of MOP315.3 million between January and September.
This represents a decrease of MOP128.9 million compared with the same period in 2024.
The bank attributed the drop primarily to changes in interest rates, which led to a 16.2% fall in net interest income to MOP631.3 million. Despite the decline, BNU emphasized that the quality of its assets remains strong, supported by conservative lending practices and a robust provision margin.
Net fee income partially offset the pressure on earnings, rising 3.8% to MOP68.9 million, up MOP2.5 million year-on-year. Operational costs increased 3.4% to MOP323.9 million over the same period.
BNU also reported continued growth in lending activity, with total credit extended reaching MOP26.21 billion, a 3.6% increase from the previous year. LV
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