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Banking

Banking services, regulations, and financial products in Portugal.
Lisbon rooftops and the Tagus River — CGD closed Q1 2026 with €397M in profit, a 24%-plus mortgage share and 213 fewer workers in Portugal.

Caixa Geral de Depósitos Closes Q1 2026 With €397 Million in Profit and 213 Fewer Workers — 24%-Plus Mortgage Share, NPLs at 1.38% and CET1 Above 21% as the State Bank Marks Its 150th Anniversary

Caixa Geral de Depósitos closed the first quarter of 2026 with a consolidated net profit of €397 million, up 1% on the same period in 2025, and a Portuguese headcount that was 213 lower at the end of March than twelve months earlier. The state bank — Portugal's only
The Portugal Brief
Lisbon rooftops with the 25 de Abril bridge across the Tagus in the distance

Caixa Geral de Depósitos Q1 2026 Net Profit Edges 1% to €397 Million — Paulo Macedo Books a €1.25 Billion Dividend, the Largest in Portuguese Banking History, and Sets 3 June as the Binding-Bid Deadline for the Brazilian Subsidiary

CGD Q1 2026 net profit was €397 million (+1%). The headline event is the €1.25 billion dividend to the Treasury — the largest from any Portuguese bank in history. Macedo set 3 June as the binding-bid deadline for the Brazilian subsidiary (Nubank, Garantia, MD Capital, Sputnik in the room).
The Portugal Brief
IMF Article IV Mission Pushes Lisbon to Reverse the IRS Jovem and the IVA Reduzido on Restaurants — Mission Chief Jean-François Dauphin Flags €693 Million in Lost 2026 Revenue and a 4.2% Inflation Path if the Iran War Drags Into 2027

IMF Article IV Mission Pushes Lisbon to Reverse the IRS Jovem and the IVA Reduzido on Restaurants — Mission Chief Jean-François Dauphin Flags €693 Million in Lost 2026 Revenue and a 4.2% Inflation Path if the Iran War Drags Into 2027

The IMF's 2026 Article IV concluding statement — released Tuesday in Lisbon — recommends Portugal reverse the IRS Jovem and the IVA reduzido on restaurants, replace the fuel-excise cut with targeted support, and link early retirement to the statutory age.
The Portugal Brief
Banks Lend Households €4.057 Billion in March 2026 — First Print Above Four Billion in the Banco de Portugal Series Since January 2003, Mortgage Rate Eases to 2.81% and Term-Deposit Rates Post the Biggest Monthly Jump in Two and a Half Years

Banks Lend Households €4.057 Billion in March 2026 — First Print Above Four Billion in the Banco de Portugal Series Since January 2003, Mortgage Rate Eases to 2.81% and Term-Deposit Rates Post the Biggest Monthly Jump in Two and a Half Years

BdP's March release puts new household loans at €4,057 million — the first print above four billion since the series began in January 2003. Housing leads at €2,238M, the new mortgage rate eases to 2.81%, and term-deposit rates post their biggest jump in 2.5 years.
The Portugal Brief