Banco de Portugal's 2025 Relatório e Contas — RAPI Deficit Collapses from -€1.142bn to -€304M, Gold Reserves Revalue 46%, Statutory Loss Held to €1.4M via a Provision Drawdown
The Banco de Portugal on Thursday, 23 April 2026, published its Relatório e Contas 2025 — and the headline is less about the number on the bottom line than about how that number came together. The central bank closed the year with a statutory net...