NPL&REO News

Portugal’s 5 larger banks with aggregated profits of €708 billion

The five main banks based in Portugal recorded, in the first half of the year, an aggregate profit of €708.4 million.

Together, Caixa Geral de Depósitos (CGD), Novo Banco, BCP, BPI and Santander Totta recorded aggregate profits of €708.4 million.

Novo Banco announced profits of €137.7 million in the first six months of the year, an improvement compared to the losses recorded since its foundation, in 2014.

Caixa Geral de Depósitos (CGD) recorded the highest profit among the five largest banks, with €294 million in the first half, after €249 million in the same period last year.

The second largest contribution came from BPI, with €183 million in profit, which compares with the 43 obtained in the first six months of 2020.

In fourth place, after Novo Banco’s profits, which place it in third place in the table of positive net results, was Santander Totta, with a profit of €81.4 million in the first half, compared with €172.9 million in the same period of 2020.

Finally, BCP profited €12.3 million, greatly impacted by losses of €112.7 million in the Polish operation, when it had profited €76 million in the first half of 2020.

Original Story: The Portugal News | TPL/ Lusa 
Photo: CGD website
Edition: Prime Yield

Top