Banco de Portugal reinforces provisions to avoid losses


Share post:

By 2022 the institution will have achieved operating results of over 600 million euros. The idea will be to use great caution in the cushion to be reserved.

The Bank of Portugal should reinforce provisions to avoid losses in the 2023 accounts, reports Eco on Tuesday.

According to the newspaper, the institution led by Mário Centeno should thus become an exception in a scenario of heavy losses for central banks in the face of rising interest rates paid on deposits by commercial banks and lower yields on the debt they keep on their balance sheets.

Eco says that in 2022 the Bank of Portugal will have obtained operating results in excess of 600 million euros, a figure on which taxes and provisions for possible contingencies must be deducted. The idea will be to use great caution in the cushion to reserve, he says.

The Bank of Portugal does not indicate which value will be set aside, but refers to recent statements by Mário Centeno on last year’s results, noting the fall “in a substantial way” in results and dividends. The government expects to collect 240 million euros in dividends, a 40% decrease from the previous year.


The risk of negative results is the loss of credibility for central banks or even a possible threat to the independence of institutions in the need for a capital injection by the State, according to economist Miguel Faria de Castro, quoted by Eco.

Related articles

House prices and inflation create new homelessness

Rising house prices and inflation are creating a new type of homeless person in Portugal, people socially integrated... portal launched in September and application in the 1st quarter of 2025

The single digital services portal will be launched in September and the application will take place in...

Films censored during the Estado Novo and a reinforced dose of Portuguese short films at MOTELX festival

A reinforced dose of Portuguese short films, films banned by the Estado Novo and Edgar Pêra's new feature...

Vista Alegre eyes Asia and the Middle East in partnership with Ronaldo

The president of Vista Alegre said in an interview with Lusa that Cristiano Ronaldo's investment in Vista Alegre...