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July 06, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry: May – The banking environment remains friendly
In a nutshell, the banking sector environment remains friendly, as Loans interest rates continue to increase, while Deposit Interest rates are also increasing but not impacting our NIM proxy, still close to record levels
July 04, 2023
AS Independent Research
AS Independent Research
Portuguese Economy - May’s budget execution disappointed
Portuguese Economy - May’s budget execution disappointed, Revenues only grew 1.2%YoY; while Expenditures grew 9.6%.
July 04, 2023
António Seladas, CFA
António Seladas, CFA
Portugal Economy: Gross Government debt is stabilizing close to €280Bn
Portugal Economy: Gross Government debt is stabilizing, close to €280Bn, while Deposits stabilized at €23Bn. Meanwhile, Government Debt target at YE23: 107.5%; seems achievable, actually it could finish the year below the target.
June 30, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – Retail sales in Portugal in May outperformed
Portuguese Economy – Retail sales in Portugal in May outperformed, volumes +3%YoY, balanced between Food and non-Food both around 3%
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