Four major banks operating in Portugal — Caixa Geral de Depósitos, BCP, Santander and BPI — reported combined profits of about €4.398 billion for 2025, a roughly 5% rise on 2024, according to multiple reports. The growth is driven mainly by strong results at Caixa Geral de Depósitos and BCP, while analysts note performance will depend on loan quality and interest‑rate dynamics this year. Customers should not expect immediate service changes, but savers and borrowers should watch for shifts in fees or lending policy as banks react to market conditions.

Update: Banks bought €11bn public debt

New reporting says national banks moved to protect margins by adding roughly €11 billion of Portuguese public debt to their portfolios as interest rates fell, with Caixa Geral de Depósitos and BCP among those increasing holdings toward the end of 2025.