Q3 2020 Banco Comercial Portugues SA Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the Millennium BCP 9 Months 2020 Earnings Conference Call. (Operator Instructions) I must advise you, the call is being recorded today, on Friday, the 30th of October 2020. And your speaker for today is Mr. Miguel Maya. Please go ahead.
Good afternoon. This is Miguel Maya speaking. Welcome to the third quarter earnings conference call.
Let me start by recalling that in March, when we faced this scenario of a significant risk deterioration for an extended period, we immediately defined 5 overarching priorities to guide our actions through the pandemic. We switched from a growth driven mode to a more defensive mode by strengthening the focus in the protection of the balance sheet while safeguarding the employees and ensuring business continuity.
In the second quarter, we swiftly managed throughout the most critical period so far, dealing with the
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