Portuguese Banking Sector Thrives Amid Economic Growth Projections

Portuguese Banking Sector Thrives Amid Economic Growth Projections

In Lisbon, Portugal, on January 25, 2025, a person walks by the Banco de Portugal. According to Banco de Portugal, the Portuguese economy is set to grow by 1.7% in 2024, with inflation stabilizing at 2% by 2026. Local banks, projected to achieve record profits of EUR5 billion in 2024, continue to streamline operations and maintain efficiency. Strategic developments include Abanca's restructuring with a Portuguese banking license and Caixa Geral de Depositos benefiting from a EUR150M EIB guarantee for industrial investments. Consolidation talks are also underway, with Santander Totta expressing interest in acquiring Novo Banco. (Photo by Luis Boza/NurPhoto via Getty Images) (Photo by Luis Boza/NurPhoto)

  • Product Code
  • ILEA003905524
  • Registered date
  • 2025/1/25 00:00:00
  • Credit
  • NurPhoto / Kyodo News Images
  • Media source
  • Luis Boza/NurPhoto
  • Media size
  • 3500 × 2333 pixel
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  • 300 dpi
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  • 1.37(MB)*
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Portuguese Banking Sector Thrives Amid Economic Growth Projections

Portuguese Banking Sector Thrives Amid Economic Growth Projections

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