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Banking

Banking services, regulations, and financial products in Portugal.
BPI's João Pedro Oliveira e Costa Tells the Bank of Portugal His Youth-Credit Book Is Clean — Lisbon Lender Books €133 Million Q1 Profit, -2% Year-on-Year, as the Supervisor Prepares Tighter Mortgage Rules

BPI's João Pedro Oliveira e Costa Tells the Bank of Portugal His Youth-Credit Book Is Clean — Lisbon Lender Books €133 Million Q1 Profit, -2% Year-on-Year, as the Supervisor Prepares Tighter Mortgage Rules

BPI CEO João Pedro Oliveira e Costa rejected Bank of Portugal concerns over the youth-credit programme, telling reporters the bank sees 'nenhum nível de preocupação'. BPI booked €133 million in Q1 net profit, down 2 percent. The supervisor is preparing tighter macroprudential mortgage rules.
The Portugal Brief
Caixa Económica Montepio Q1 2026 Net Profit Falls 31% to €23.6 Million as Credit-Impairment Reversal Base Effect Bites — Deposits Hit Record €16.3 Billion, NPE Stable at 1.6%

Caixa Económica Montepio Q1 2026 Net Profit Falls 31% to €23.6 Million as Credit-Impairment Reversal Base Effect Bites — Deposits Hit Record €16.3 Billion, NPE Stable at 1.6%

Montepio's Q1 2026 net profit of €23.6 million is down 31% YoY against an extraordinary €12.3 million credit-impairment reversal in Q1 2025. Banking product climbed 4.4% to €109.1 million, customer deposits hit a record €16.3 billion (+6.8%), and NPE held at 1.6%. Underlying franchise grew 11%.
The Portugal Brief
BPCE's €1 Billion Cheque to the Fundo de Resolução Covers Only 15% of the Vehicle's State and Banking-Sector Debt — Novo Banco-Banif Liabilities Still Hang Over the System as Luís Máximo dos Santos Steers Repayment Plan

BPCE's €1 Billion Cheque to the Fundo de Resolução Covers Only 15% of the Vehicle's State and Banking-Sector Debt — Novo Banco-Banif Liabilities Still Hang Over the System as Luís Máximo dos Santos Steers Repayment Plan

The €1 billion the Fundo de Resolução netted from the BPCE acquisition of Novo Banco covers only 15% of the vehicle's accumulated debt to the Portuguese state and the bank-sector consortium. Implied residual liability of around €5.5-6 billion, with no disclosed repayment horizon.
The Portugal Brief