Montepio Geral - Associacao Mutualista 2020 AR2
The report highlights Banco Montepio's financial and non-financial performance for the fiscal year 2020, emphasizing its digital transition and response to the COVID-19 pandemic. The bank supported families and businesses by granting 38 thousand moratoria totaling 3.2 billion euros and launching 100% online account opening for companies. In terms of sustainability, the bank approved its Social Commitment Charter and Action Plan for Sustainability, promoting green credit lines and transitioning 32% of its motor vehicle fleet to electric and hybrid vehicles. Despite these advancements, the bank recorded a net loss of 80.7 million euros due to increased credit risk impairments and non-recurring restructuring costs.
Company: Montepio Geral - Associacao Mutualista
Sector: Finance & insurance
Country: Portugal
Year: 2020
Type: AR2
Pages: 661
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Montepio Geral - Associacao Mutualista
Report And Accounts
The report highlights Banco Montepio's financial and non-financial performance for the fiscal year 2020, emphasizing its digital transition and response to the COVID-19 pandemic. The bank supported families and businesses by granting 38 thousand moratoria totaling 3.2 billion euros and launching 100% online account opening for companies. In terms of sustainability, the bank approved its Social Commitment Charter and Action Plan for Sustainability, promoting green credit lines and transitioning 32% of its motor vehicle fleet to electric and hybrid vehicles. Despite these advancements, the bank recorded a net loss of 80.7 million euros due to increased credit risk impairments and non-recurring restructuring costs.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Total Waste
Employees