Less Balconies, More Profit: What Do the Bank Accounts for Us in Portugal?

SIC

Factuality

Ownership

Banks are closing agencies, but they continue to contract and bear in mind profits. What do the last numbers of the Bank of Portugal tell us about the Portuguese banking sector?

Jornal Expresso

Factuality

Ownership

Banks are closing agencies, but they continue to contract and bear in mind profits. What do the last numbers of the Bank of Portugal tell us about the Portuguese banking sector?

O Minho

Factuality

Ownership

The profit of the banking sector in Portugal, which covers almost the entire banking system, grew by 717 million euros in 2024, to 6,288 million euros, representing 1.4% of average assets, the Bank of Portugal (BdP) announced today. According to data published by the central bank in its long-term banking sector series, the increase in profit, which in the previous year had represented 1.3% of assets, was the highest value in the series, which h…