António Cotrim / Lusa
Paulo Macedo, Executive Chairman of Caixa Geral de Depósitos
Caixa Geral de Depósitos (CGD) made, by 2024, profits of 1,735 million euros, the largest and more 34% compared to 2023. At the same time, it cut another 176 jobs.
A Box last year had profits never seen before, reaching a RECORD OF 1,735 million euros.
CDG numbers fired 34% compared to 2023, the executive chairman said, Paulo Macedoat a press conference this Thursday.
According to Paulo Macedo, in total, the public bank will deliver to the state 1.709 million euros among dividendsprofit tax (IRC) and regulatory costs.
Regarding the result of 2024, the administration of the Public Bank will propose to the General Assembly the payment of 850 million euros in dividends. If it is realized, it will be the highest dividends ever to pay for the bank to the state.
As for the possibility of A, Paulo Macedo said that the hypothesis continues to analyze, although he admitted that has already defined the conditions for the public bank to express interest in this purchase.
“Caixa is analyzing hypotheses in the market. We are interested in operations that can bring synergies to Caixa, which can add value. What this means is that we are analyzing this hypothesis. We have an idea of the conditions that would be necessary to, for our part, have some more decisive interest, ”he explained.
Less 176 jobs
Despite the profits, the CGD reduced 176 workers in Portugal.
According to the market statement, by the end of 2024, CGD had in Portugal 6,067 employeesless 176 than in 2023.
CGD says that, last year, “continued the rejuvenation process”From the staff, having hired 255 people. On the other hand, employees came out for renovation (28 people), pre-reform (234 people) and termination by mutual agreement (without referring number).
For several years CGD has been promoting the departure of older workers, namely pre-reforms and terminations by mutual agreement.
The Caixa Geral de Depósitos network remained unchanged by 2024, with 512 Service Posts Between agencies, Caixa spaces and company offices.
“Banking cartel did not harm customers”
Paulo Macedo was asked about the process, having argued that the exchange of information should not have happened, but assured that this did not harm customers.
In this process, banks were accused of competition infringement by object.
In September 2024, the Competition, Regulation and Supervision Court had confirmed the fines of 225 million euros applied by the competition authority to 11 banks, deciding that it was proved that between 2002 and 2013, there was “Conlier” between banks when they exchanged information on credits (spreads and amounts granted) and that “aligned business practices” falsifying the competition.
Condemned to fines were Caixa Geral de Depósitos (82 million euros), BCP (60 million euros), Santander Totta (35.65 million), BPI (30 million) and Montepio (13 million) and also BBVA (2.5 million), BES (today in liquidation, 700,000 euros), BIC (for facts practiced by BPN, 500,000 euros) Furniture (150,000 euros).
However, on February 10, the Lisbon Court of Appeal declared prescribed the offense of 225 million euros applied to banks convicted in the case.
The Competition Authority (ADC) has already filed an appeal to the Constitutional Court of the Lisbon Court of Appeal.
