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Banco Comercial Portugues

Capital/Financing Update Mar 19, 2019

1913_iss_2019-03-19_b92e45f2-3e95-4eb5-b837-24b9f1f68d12.pdf

Capital/Financing Update

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BANCO BPI, S.A.

Registered office: Rua Tenente Valadim, 284, Porto Registered at Commercial Registry of Porto under Unique taxpayer reference number 501 214 534 Share capital: € 1 293 063 324.98

ANNOUNCEMENT

S&P Global Ratings upgrades Banco BPI rating to BBB

Banco BPI, S.A. hereby informs that the rating agency S&P Global Ratings has upgraded the Bank's long-term debt rating from BBB- to BBB, which means a one notch increase in the investment grade scale. The short-term rating was upgraded from A-3 to A-2. The Outlook for the Bank's rating notation is stable.

S&P Global Ratings highlights BPI's asset quality better than that of its domestic peers, its solid position in commercial banking business in Portugal, the low reliance on wholesale funding and an adequate liquidity profile. S&P Global Ratings considers BPI a highly strategic subsidiary of CaixaBank.

Banco BPI, S.A. Porto, 19 march 2019

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