Once recipients of a bailout, banks are now part of effort to keep the economy afloat.

Raft of government initiatives seek to boost economy as key tourism sector plummets.

The governor of Portugal’s central bank talks to Peter Wise about the how country’s economy is making up for lost time.

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.