In a statement sent to CMVM, the institution led by Pedro Leitão points out that “the oldest bank in Portugal achieved historic records in net results, volume of customer deposits, solvency and liquidity” during the past year.

In 2024, financial performance was determined by a banking product of 499.1 million euros, supported mainly by the financial margin and commissions, which totalled 384.4 and 127.8 million, respectively. At the end of last year, customer funds reached a new record of 14,959 million, after an annual growth of 11.9%.

In “a year marked by strong dynamism in commercial activity and progress in improving the quality of assets with the aim of prudent risk management”, as highlighted in the note sent to the market this morning, customer deposits increased by 11.9% and totalled 15 billion euros (70% in the individual segment).

On the other hand, it also highlights that the penetration rate in the social and solidarity economy client segment was 28%, “consolidating the strategy of continuous specialised monitoring of this segment as a differentiating pillar”.