Bank Crédito Agrícola published its first quarter results on Friday announcing profits of €95.8 million. The bank enjoyed an increase in own capital profitability of 18.4% while its net profits [...]
The CEOs of Portugal’s main 5 high street banks have dismissed the criticisms that the country’s banks are making huge profits at time when families and companies are suffering from sky high [...]
The margins of Portugal’s five main banks have never been so healthy at €1.5Bn in the first quarter of 2023. According to Negócios, growth in margins like-for-like on 2021 was €726.8 million, the [...]
The Resolution Fund (FDR) and the Bank of Portugal have instigated a lawsuit against Novobanco according to Negócios. At issue is an order from a former minister of Finances, João Leão for a [...]
State-owned bank Caixa Geral de Depósitos made €285 million in profits for the first quarter of the year, almost double on the €146 million it made like-for-like in 2022. The result was driven by [...]
Portugal’s mutual bank Montepio, and the only one to remain solely in Portuguese hands, has made a healthy profit of €35.3 million for the first quarter of 2023 – one which exceeded the [...]
Portugal’s largest banks are preparing to deliver their shareholders – basically to Spanish shareholders and the Portuguese State – a total of €1.15Bn in dividends, corresponding to [...]
Portugal’s banks have lost a massive €7.6Bn in deposits since the start of the year, closing April with the lowest level of new deposits for a year. According to data from the Bank of Portugal, [...]
Tax payers’ subsidies to Portugal’s banking system reflected in deferred taxes had a €459 million negative impact on the public finances in 2022. The Deferred Tax Asset (DTA) is a mechanism that [...]
Santander Portugal has posted a growth in profits of 21.4% to March 2023 to €180 million. The bank admits that it has seen less depositors while new mortgages are at the their lowest level since [...]
