Caixa Geral de Depósitos (CGD) will pay a dividend of €1.25 billion to the State. “This is the largest dividend ever from Portuguese banking,” announced Paulo Macedo, CEO of the public bank. The dividend corresponds to 66% of the record result of €1.9 billion that Caixa achieved last year.
Caixa moves forward with €1.25 billion dividend to the State
Thursday, 26 February 2026RSS
Context & Explainers
Caixa Geral de Depósitos is Portugal’s largest state-owned bank and a major retail and corporate lender. In 2025 it posted a 10% profit increase — helped by selling its stake in Águas de Portugal — and will pay a €1.25 billion dividend to the State, which can affect public finances and confidence in the banking sector.
Águas de Portugal (Water of Portugal) is the state-owned group that manages water supply and wastewater services across much of Portugal and is commonly known as AdP. Its recent agreement with unions for a €75 salary increase this year affects its workforce and may reduce the risk of industrial action; residents should watch for any planned service notices or changes in local water management.
AI Summary AvailableCaixa reports record profit of €1.9 billion in 2025Read the synthesized summary with context and explainers
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Other news coverage of this topic
- Caixa Geral de Depósitos reports historic profits of nearly two billion euros in 20254:59pm, 26 Feb 2026 • CNN Portugal
- Caixa Geral de Depósitos com lucros recorde de 1904 milhões de euros em 20254:56pm, 26 Feb 2026 • Dinheiro Vivo
- CGD sets a new profit record and distributes the largest dividend in history: €1.25 billion4:48pm, 26 Feb 2026 • Público
- Caixa reports record profit of €1.9 billion in 20254:40pm, 26 Feb 2026 • ECO
