Pre-tax profits slumped at leading lenders last year as the country’s heavily indebted private sector struggled with the pandemic.
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Latest articles from Portugal
Pandemic won't derail Portugal, says central banker
June 14, 2021Portugal’s central bank governor Mário Centeno on the resilience of the country’s economy and the likelihood of bank consolidation.
Reforms strengthen Portugal's economy
April 30, 2021The Covid-19 pandemic has shaken Portugal’s economy, but the country is in a good position to execute its recovery.
Portugal's banking sector ready for the next chapter
April 30, 2021Portugal is primed to take on the challenges of recovering from its recession, having learned lessons from past crises.
Portuguese banks return favour on financial aid
May 27, 2020Once recipients of a bailout, banks are now part of effort to keep the economy afloat.
Portugal acts to protect economy from tourism slump
May 27, 2020Raft of government initiatives seek to boost economy as key tourism sector plummets.
Bank of Portugal governor seeks productivity increase
June 3, 2019The governor of Portugal’s central bank talks to Peter Wise about the how country’s economy is making up for lost time.
CGD's chief looks beyond bank's turnaround
June 3, 2019The 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.
From despair to dividends: how Portugal's banks brought good news to Europe
June 3, 2019After 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 moves from neutral to first gear
June 3, 2019Portugal’s economy has successfully turned a corner, surpassing its potential growth rate. However, economic imbalances persist.
What impact did the global pandemic have on banks?
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