Portuguese Banking Sector Thrives Amid Economic Growth Projections

Portuguese Banking Sector Thrives Amid Economic Growth Projections

In Lisbon, Portugal, on January 25, 2025, people walk by the Banco de Portugal. According to Banco de Portugal, the Portuguese economy grows 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 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
  • ILEA003905529
  • Registered date
  • 2025/1/25 00:00:00
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  • NurPhoto / Kyodo News Images
  • Media source
  • Luis Boza/NurPhoto
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  • 3500 × 2333 pixel
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  • 300 dpi
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