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The Lisboeta

Caixa reports record profit of €1.9 billion in 2025

Thursday, 26 February 2026RSS

Caixa Geral de Depósitos (CGD) recorded profits of €1.9 billion in 2025, the highest result ever for the public bank. It will pay a dividend of €1.25 billion to the State, announced this Thursday. The result is up 10% compared to 2024 and has an extraordinary factor that helps to explain ...

Update: Caixa pays record €1.25 billion dividend

CGD will distribute €1.25 billion — roughly 66% of the €1.9 billion profit — to the State, a payment CEO Paulo Macedo described as likely the largest dividend ever in Portuguese banking. The sale of its stake in Águas de Portugal was an extraordinary contributor to the record result.

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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