The president of the public bank’s board, Paulo Macedo, announced that the amount of 1 billion euros is what the administration of Caixa Geral de Depósitos (CGD) plans to distribute to its sole shareholder, the Portuguese state.
Macedo mentioned that other factors, such as capital ratios, influence the dividend distribution and said that “under certain conditions [CGD] could distribute even higher amounts” as it has sufficient capital for that.
In the State Budget proposal for 2026, the government, deviating from usual practice, did not specify the anticipated dividend value from CGD for the upcoming year, stating only that it will constitute the largest portion of the 1.4435 billion euros in ‘property income’.
CGD announced today a record profit of 1.4 billion euros between January and September, marking a 2% increase over the same period in 2024.
Regarding CGD’s profits in subsequent years, Macedo estimated a decline considering the fall in interest rates, but noted that the results would remain “robust.”
