Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Western EuropeMay 23 2023

Portuguese banks ‘cautiously positive’

The country’s banks are in a more solid position than their European peers, but ESG and digitisation remain challenging for the sector, and more consolidation could be on the cards. Jules Stewart reports. 
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Portuguese banks ‘cautiously positive’Foreign owners: BPI is owned by Spain’s largest domestic player, CaixaBank

Steady improvements in asset quality and capitalisation since 2016 have materially strengthened Portugal’s banks. 

The top players today are less sensitive to the confidence of foreign investors and unexpected blows to asset quality than was often the case in the past. And despite the current challenging global geopolitical and macroeconomic environment, analysts see no material evidence of balance sheet deterioration.

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial