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Mutualista Montepio's profits grew 27% to 90.8 million in 2022
At the end of 2022, the mutual fund's equity increased 35.5% to 201.9 million euros. Income from associates and insurance premiums (net of reinsurance) increased 21% to 1,130 million euros. Mutualista Montepio closed 2022 with 606,483 associates, 4.877 more than in 2021. Associação Mutualista Montepio Geral is the top of the Montepio Group, which owns several companies, especially the bank. Banco Montepio had profits of 33.8 million euros in 202…
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