The chief executive of state-owned Caixa Geral de Depósitos tells The Banker how a recapitalisation package helped turn around Portugal’s largest bank after six years of losses. 

After a tough few years, the banking sector in Portugal is back on track, paying dividends on profits, and gathering steam for future growth. 

Portugal’s economy has successfully turned a corner, surpassing its potential growth rate. However, economic imbalances persist. 

Portugal’s economy has recovered and the banking system is stronger, the country’s economy minister Pedro Siza Vieira tells Brian Caplen. 

Having emerged from bailout and recession, Portugal's banks are gearing up to contend with digitalisation, further regulation and tougher competition in a still-crowded market. Most of them are relying on decent levels of growth, capitalisation and provision for bad loans to see them through, as Peter Wise reports. 

Carlos da Silva Costa, Portugal’s central bank governor, talks to Peter Wise about the country’s priorities, which include further reduction of bad loans and improving profitability, while tackling forthcoming challenges such as an ageing population.

Portugal’s left-wing government has not only surprised observers with its stability and popularity, the coalition some called a geringonça, or contraption, has overseen the country’s move from bailout recipient to credit rating star. But, as Peter Wise reports, there is still work to be done.

Portugal's finance minister, Mário Centeno, believes his election as president of the EU’s Eurogroup reflects the country’s efforts to achieve economic recovery, and proves anti-austerity policies can be compatible with EU fiscal rules. Peter Wise reports.

The left-wing coalition government of Portuguese prime minister António Costa has silenced critics with what has so far been an effective financial policy. Now it must convince the ratings agencies and Portugal’s international creditors. Peter Wise reports.

Once one of the standard bearers for the travails of the eurozone, Portugal appears to be in the early stages of a recovery, one in which its revitalised banks are playing a leading role – albeit heavily backed by foreign investment. Peter Wise reports.