Public bank dominates among those who profited the most in the first half of the year. Financial margin reduced 10% due “to the context of interest rates descent”, but new housing loans supported part of the growth.
In the first half of this year, the main Portuguese banks increased profits again, at a time when new housing credits continue to grow. Caixa Geral de Depósitos has profited more four million compared to the same period last year.
The public bank obtained the best result toregister a net result of 893 million euros in the first half, another four million euros compared to the same period of 2024. in a statement sent to (CMVM), released on Wednesday, CGD justifies better reults with “O increased volume of 9 billion euros“and” a balance with lower risk “.
The financial margin reduced 10% compared to the same period due “to the context of interest ratesbut has a stabilization compared to the one recorded in the first quarter, “said the entity.
In addition, also the portfolio of Customer credit increased by 2.3 billion euros with “robust growth” either in companies and institutional (billion euros), both in individuals (1.3 billion euros). The bank also states that the new housing loans reach 2.6 billion euros in the semester, supplanting the value of the same period in over 1 billion euros, a growth of 63%.
BCP is the second most lucrative in the first half of 2025
After CGD, the BCP was what best results got the reach 502.3 million euros, an increase of 3.5% regarding the same periodwith the volume of business growing.
Miguel Maya, executive president of BCP, stressed that the first half was still marked by much uncertainty and volatility due to the macroeconomic and geopolitical situation. In this period, the net result of the activity in Portugal grew 3.2% to 424 million euros. In turn, the net result of international operations Ascended 11.8% to 146.6 million of euros.
According to the statement sent to CMVM, between January and June, total customer resources in the group increased 5.5% to 106,200 million euros, while the Customer credit totaled 3.4% to 60,300 million euros. In Portugal alone, total customer resources progressed 3,200 million euros and customer credit 1.800 million euros compared to June 2024.
Also Novo Banco’s profit rose in this same period. This recorded an increase in 17.4%, to 434.9 million eurosthe financial institution announced on Thursday, whose sale to the French BPCE was announced last June.
In a statement to CMVM, Novo Banco states that the increase in net results was “supported by a solid and diverse business model, driven by the robust ‘franchising’ of credit to companies and credit of low -risk housing and the high adoption of digital. “
The bank’s financial margin, which translates the difference between interest charged in the credits and interest paid in the deposits, fell to 558.8 million euros, compared to 594.9 million euros from the first six months of 2024.
According to the bank, the performance of the financial margin reflected the 4.3% increase in the average value of loans to customers, having benefited from a “strategy of proactive coverage, compensating the descent of 152 base points of the Euribor average six months “(from 3.84% in the first half from 2024 to 2.32% in the first half of 2025).
Already the BBVA registered a Profit of 5.447 billion euros In the first half, an increase of 9.1% compared to the same period of 2024, establishing a new record, thanks to the strong activity in Spain and Mexico.
The bank said it expects to reach an accumulated net income 48 billion euros between 2025 and 2028 And it plans to have 36 billion euros in capital available for distribution to its shareholders by 2028.
Lastly, the Crédit Agricole group rose 8.9%, reaching 4.803 billion euros in the 1st semester and reaching one record of 2.638 billion in the second quarter (+30,1%).
In the first six months of this year, the bank deposits increased 4.3%, To 19.031 million euros, while the operating result increased by 3%to 7,755 million, the group detailed in a statement. For the executive president, Olivier Gavalda, who took command of the bank last spring, the semiannual financial statements suggest that the group will be able to improve their profits throughout 2025 compared to the previous year and constitute “a solid foundation for the medium -term strategic plan” which plans to present on November 18.
The extraordinary increase in profit in the second quarter is explained in part by the Capital gain linked to the departure of the accounts of its US Asset Management Subsidiary, Amundi US, without which the increase would have been 14.8%.
