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BANCO COMERCIAL PORTUGUES CLARIFIES REPORT OF POTENTIAL CAPITAL INCREASE

 LISBON, Portugal, Feb. 11 /PRNewswire/ -- Banco Comercial Portugues (NYSE: BPC) Secretary General Jose Pinto Bastos today clarified a Reuters news story published yesterday concerning a potential increase in the company's capital. He emphasized that "the bank is in no way considering a rights issue or an increase in its own funds during 1993.
 "Last year's three-fold capital increase through a rights exercise in Portugal, a Euroconvertible bond issue and 7.475 million ADR issue allowed the bank to finalize its retail network and to develop its financial group," he added. "The bank reached Dec. 31, 1992, with a BIS solvency ratio of approximately 14 percent, and will not require any further capital in the foreseeable future.
 "The bank is, however, considering proposing a stock dividend, as well as an increase in its cash dividend, to the annual general meeting," he concluded.
 BCP trades on the stock exchanges in Lisbon and Oporto, and on the New York Stock Exchange under the symbol "BPC".
 -0- 2/11/93
 /CONTACT: John McInerney or Fern Lazar of Dewe Rogerson Inc. in New York, 212-688-6840, or Sarah Tubbs of Dewe Rogerson Ltd. in the U.K., 071-638-9571, all for BCP/
 (BPC)


CO: Banco Comercial Portugues ST: IN: FIN SU:

GK-TS -- NY015 -- 5563 02/11/93 09:35 EST
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Date:Feb 11, 1993
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