Together, Caixa Geral de Depósitos (CGD), Novo Banco, BCP, BPI and Santander Totta recorded aggregate profits of €708.4 million.

On 2 August, Novo Banco announced profits of €137.7 million in the first six months of the year, an improvement compared to the losses recorded since its foundation, in 2014.

Last week, the remaining four largest banks announced their semi-annual results.

Caixa Geral de Depósitos (CGD) recorded the highest profit among the five largest banks, with 294 million euros in the first half, after 249 million euros in the same period last year.

The second largest contribution came from BPI, with 183 million euros in profit, which compares with the 43 obtained in the first six months of 2020.

In fourth place, after Novo Banco's profits, which place it in third place in the table of positive net results, was Santander Totta, with a profit of €81.4 million in the first half, compared with 172.9 million achieved in the same period of 2020.

Finally, BCP profited €12.3 million, greatly impacted by losses of €112.7 million in the Polish operation, when it had profited €76 million in the first half of 2020.

In the first six months of 2020, the five largest Portuguese banks had recorded an aggregate loss of €14.4 million, due to the negative results of Novo Banco (555.3 million losses).