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Portuguese Banking Sector Thrives Amid Economic Growth Projections
In Lisbon, Portugal, on January 25, 2025, people walk by a Santander bank branch. 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)
Photo Details
| Photo ID | #11981132 |
|---|---|
| Date Taken | |
| Location | N/A |
| Photographer | Luis Boza/NurPhoto |
| Category | Human Interest |
| Copyright | © 2025 NurPhoto - Luis Boza/NurPhoto |
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