BCP Macau’s profit goes up

The Macau branch of Portuguese bank Banco Comercial Português (BCP) SA recorded a profit of MOP177.7 million (US$22.2 million), Rádio Macau reported. That was a year-on-year increase of 165 percent. Managing director João José Pãosinho said the bank is now expecting its profit for 2013 to come in the range of MOP130 to MOP150 million. Mr Pãosinho also said that the bank continues working to get a licence to operate in the mainland, but he added that this would still take time.