Bank's earnings in the initial half of the year decrease by 18%, reaching 8.9 million
The Portuguese Development Bank, commonly known as Banco Português de Fomento (BPF), has recently undergone changes under the leadership of its new executive president, Gonçalo Regalado. The bank, which plays a pivotal role in financing projects aimed at economic development, innovation, and sustainability in Portugal, is now focusing on improving operational efficiency, mobilizing private capital, and expanding sustainable financing solutions.
The changes come as many national development banks, including Portugal’s, are aligning with broader MDB (Multilateral Development Banks) reforms and commitments emphasized globally in 2025. Regalado's team is executing these changes, but specific details about the planned institutional reforms or new strategic directions remain unavailable.
The bank's operating costs rose by 17% to 117 million euros, primarily due to personnel hiring. Commissions of the same institution increased by 10.8% to 174 million euros in the first six months. The bank manages resources from the Recovery and Resilience Plan (PRR).
Regalado stated that the changes are what the bank and the country need, but no specific information was provided about any promises to relaunch the bank or criticism of its previous performance. The bank finances investments with loans and participates in projects as a shareholder, and it is fully owned by the Portuguese state.
The successor for the previous Minister of Territorial Cohesion, Castro Almeida, who had previously criticized the bank for not having the expected impact, is expected to be announced tomorrow. The new administration took office this year.
Without explicit up-to-date press releases or official statements regarding Regalado’s agenda for the Portuguese Development Bank, specifics about planned institutional reforms or new strategic directions remain unavailable in the provided data. If you are interested, I recommend monitoring official Portuguese government or bank channels for detailed announcements related to the Bank’s strategic plan under Gonçalo Regalado’s leadership.
- The industry of finance and business is closely watching the Portuguese Development Bank, as Gonçalo Regalado's team executes changes to align with global commitments, with specific details about the planned institutional reforms or new strategic directions yet to be disclosed.
- Despite the rise in operating costs and commissions, the Portuguese Development Bank, under the leadership of Gonçalo Regalado, is focusing on expanding sustainable financing solutions and improving operational efficiency, as mandated by recent reforms aimed at economic development, innovation, and sustainability in Portugal.
