Oeiras, Portugal — 22 May 2026 — Banco Comercial Português, S.A. (“BCP” or “the Bank”), the largest privately held bank in Portugal and operator of the Millennium brand, today announced that its new Board of Directors has taken office for the 2026–2029 four-year term.
The new governing bodies were elected at the General Meeting of Shareholders held on 7 May 2026. The European Central Bank has now concluded its Fit & Proper assessment of the proposed members of the Board of Directors and the Audit Committee, authorising the full slate. The Board accordingly assumed its duties on 22 May 2026.
The Bank also noted that, among the elected members, Maria João Almeida Gonçalves de Almeida informed the Chair of the Board of Directors that she would be unable to take up her position for supervening professional reasons, and therefore does not join the newly elected Board.
The renewed mandate preserves the leadership continuity that has anchored BCP’s recovery and sustained profitability in recent years, retaining Nuno Amado as Chair and Miguel Maya as Chief Executive Officer, while refreshing the wider Board and reinforcing its independent representation.
Composition of the Board of Directors (2026–2029)
Chair
- Nuno Manuel da Silva Amado
Vice-Chairs
- Jorge Magalhães Correia (1st Vice-Chair)
- Valter Rui Dias de Barros (2nd Vice-Chair)
- Miguel Maya Dias Pinheiro (3rd Vice-Chair and Chief Executive Officer)
Members
- António Ferreira Pinto Júnior
- Carla Sofia Pereira Bambulo (independent)
- Fernando da Costa Lima (independent)
- Isabel Maria de Oliveira Capelôa Gil (independent)
- João Nuno de Oliveira Jorge Palma
- José Pedro Rivera Ferreira Malaquias (independent)
- Luís Miguel Manso Correia dos Santos
- Maria Madalena Cascais Mendes Tomé (independent)
- Maria José Henriques Barreto de Matos de Campos
- Miguel de Campos Pereira de Bragança
- Patrícia Andrea Bastos Teixeira Lopes Couto Viana (independent)
- Vicent Li (Tao Li)
Audit Committee
Chair
- Patrícia Andrea Bastos Teixeira Lopes Couto Viana (independent)
Members
- Carla Sofia Pereira Bambulo (independent)
- Fernando da Costa Lima (independent)
- Valter Rui Dias de Barros
The composition of the remaining Board Committees, including the Executive Committee, together with the appointment of the Company Secretary and Alternate, will be formalised at the first meeting of the new Board.
Leadership backgrounds
Nuno Amado — Chair. A graduate in business from ISCTE who completed the Advanced Management Programme at INSEAD, Nuno Amado began his career in 1980 in auditing and went on to hold senior positions at international banks operating in Portugal, including Citibank, Deutsche Bank and Banco Santander. He served as Vice-Chairman and Chief Executive Officer of Banco Santander Totta between 2006 and 2012, and held the same roles at BCP from 2012, leading the Bank as CEO until 2018 before becoming Chair of the Board of Directors.
Jorge Magalhães Correia — 1st Vice-Chair. A law graduate of the University of Lisbon and a former lecturer at its Faculty of Law, he held public-sector roles at the Inspectorate-General of Finance and at the CMVM, Portugal’s securities markets regulator, before joining the Fidelidade insurance group in 1994. He served as Chief Executive Officer of Fidelidade and subsequently as Chair of its board, bringing extensive insurance, capital-markets and regulatory experience to the BCP Board, on which he has served as Vice-Chairman since 2018.
Valter Rui Dias de Barros — 2nd Vice-Chair. A Vice-Chairman of the Bank since 2018, he brings significant institutional and development-finance experience from Angola, having held senior positions in public asset management and development banking, alongside an academic career in management and economics.
Miguel Maya — 3rd Vice-Chair and Chief Executive Officer. Continuing as CEO, Miguel Maya has spent the bulk of his career within the BCP group, holding a succession of senior commercial and management roles in Portugal and Spain from the mid-1990s. He was appointed to the Bank’s Executive Board in 2009 and has led BCP as Chief Executive Officer since 2018, a period marked by the Bank’s return to sustained profitability, dividend distribution and improved credit ratings.
Fernando da Costa Lima — Independent Member and Audit Committee. An independent director since 2019, he contributes a long career in investment banking, including senior roles in Portugal and in the coordination of investment-banking activity in Angola.
The 2026–2029 Board combines continuity at the most senior executive and supervisory levels with a substantial independent component — including the chairmanship of the Audit Committee — reflecting BCP’s continued emphasis on robust corporate governance and effective oversight.
About Banco Comercial Português
Founded in 1985, Banco Comercial Português, S.A. is the largest privately held bank in Portugal. Operating principally under the Millennium brand, the Bank serves several million customers through an extensive domestic branch network and maintains significant international operations, including Bank Millennium in Poland and Millennium bim in Mozambique, as well as ActivoBank. BCP is listed on Euronext Lisbon (ticker: BCP) and is a component of the PSI index. As a Significant Institution, it is supervised directly by the European Central Bank.
