Banking industry in Portugal - statistics & facts
From the financial impacts of the COVID-19 pandemic to Russia's invasion of Ukraine and to U.S. tariff uncertainty, European banking systems have faced challenges such as inflationary pressures and higher interest rates, which result in a negative outlook in terms of economic growth. The Portuguese banking sector, however, has displayed resilience through positive indicators that defy the current macro-financial circumstances. Examples include the increase in the Portuguese banking sector's return on equity (ROE), the decrease in the cost-to-income, and the decline in the non-performing loans ratio. Moreover, Portugal has one of the world’s most advanced interbank networks through Multibanco, which adds to the robustness of the sector.
