Editorial photo #11981124 Human Interest

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)

Photo details

Photo ID: #11981124
Date taken: 25 January 2025
Location: —
Photographer: Luis Boza/NurPhoto
Category: Human Interest

Related keywords

Abanca Banco de Portugal Banks Caixa Geral de Depósitos Dayly Life EIB investment Economy Euro Europe Lisbon Luis Boza Novo Banco Portugal Portuguese banks Santander Totta Travel banking sector economic growth Lisbon Portugal Banco de Portugal economy growth inflation local banks record profits streamline operations efficiency Abanca restructuring Portuguese banking license Caixa Geral de Depósitos EIB guarantee industrial investments consolidation talks Santander Totta Novo Banco acquisition economic forecast financial sector banking industry strategic developments monetary policy 2024 projections 2026 inflation €5 billion profits €150M guarantee industrial sector banking consolidation financial markets economic stability investment strategies European Investment Bank.