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Portuguese Banking Sector Thrives Amid Economic Growth Projections
An exterior view of an ATM machine in Lisbon, Portugal, on January 25, 2025. 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 project record profits of EUR5 billion in 2024 and 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 | #11981135 |
|---|---|
| Date Taken | |
| Location | N/A |
| Photographer | Luis Boza/NurPhoto |
| Category | Human Interest |
| Copyright | © 2026 NurPhoto - Luis Boza/NurPhoto |
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Novo Banco
January 25
2025
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