Moody’s: Portuguese banking is making progress, in spite of NPL

Page created: Friday, 22 September 2017 9:58 GMT

Moody’s  NPL  Portuguese Banking

Moody’s commends the progress made by the six largest Portuguese banks. Santander Totta, BPI, BCP, Caixa Geral de Depósitos (CGD), Montepio and Novo Banco (NB) are being able to improve the quality of their assets, stated the rating agency, although they continue to have to fight against a persistent problem: the weight of non-performing loans (NPLs) in their balances.