Banco Português de Fomento reports profit growth and economic impact

Banco Português de Fomento (BPF) reported a third-quarter profit of 8.1 million euros, representing a 54% increase compared to the previous year. The institution has channeled 13.4 billion euros into the national economy and supported over 35,000 companies between January 2025 and October 2026.

According to CEO Gonçalo Regalado, the bank's impact is equivalent to approximately 2.3% of the Portuguese GDP, with a target of 2.7% by the end of the year. A significant portion of the capital, totaling 9.7 billion euros, was allocated to guarantee instruments to facilitate access to traditional bank credit. Additionally, 4.66 billion euros were used for direct financing of large projects, while the Fomento Trade branch enabled 909 million euros for export credit.

Regarding the Recovery and Resilience Plan (PRR), the bank has achieved an execution rate of 115%, exceeding initial targets. The Fund for Capitalization and Resilience (FdCR) completed 1.4 billion euros in investments, and the Instrument for Financing Innovation and Competitiveness (IFIC) granted 1.5 billion euros in subsidies to 3,403 companies.