Latest news and stories about financial growth in Portugal for expats and residents.
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BCP has invested 90 million euros into Activobank to enhance its digital banking growth. The investment comes as Activobank's loan portfolio has more than doubled and profits have increased by 25% over the past year, positioning it as a key growth driver for BCP.
The sector of non-banking financial intermediation is expected to see a growth of 9.4% in 2024, indicating a positive trend in financial services outside traditional banking.
The total production of the direct insurance market (Life and Non-Life sectors) increased by 14.1% in the first nine months of the year compared to the same period in 2024, reaching €11.8 billion, reported ASF this Thursday. The Life sector grew by 19.7% during the period under review, due to a 58.3% increase observed in [...]
