Portugal savings certificate investment hits record 43.8 billion euros

savings certificates Certificados de Aforro Banco de Portugal Portuguese economy treasury certificates

Investment in Portuguese savings certificates (Certificados de Aforro) reached a record high of 43,851 million euros in July, according to data from the Banco de Portugal. This represents a 14.7% increase compared to the same period last year and marks the 22nd consecutive month of growth.

This surge in savings certificates comes as investment in treasury certificates (Certificados do Tesouro) declined. Treasury certificate holdings fell to 6,532 million euros in July, a 24.5% year-on-year decrease, reaching their lowest level since January 2015.

Economic factors, including rising Euribor rates, have driven interest toward savings certificates. In July, the interest rate for these certificates rose to 2.356%. Additionally, the government has increased subscription limits for certain series to encourage investment.

Entities

Banco de Portugal · European Central Bank · IGCP · Portugal

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] July marked the 22nd consecutive month of growth in savings certificate investment. www.cmjornal.pt · www.dn.pt · sapo.pt
[● 3 SOURCES] Savings certificate investment grew by 14.7% compared to the same period last year. www.cmjornal.pt · www.dn.pt · sapo.pt
[● 3 SOURCES] Investment in savings certificates (Certificados de Aforro) reached 43,851 million euros in July. www.cmjornal.pt · www.dn.pt · sapo.pt
[● 3 SOURCES] Treasury certificate investment decreased by 24.5% compared to the previous year. www.cmjornal.pt · www.dn.pt · sapo.pt
[● 3 SOURCES] Treasury certificate (Certificados do Tesouro) investment fell to 6,532 million euros in July. www.cmjornal.pt · www.dn.pt · sapo.pt
[● 3 SOURCES] The total amount invested in savings certificates is the highest since the series began in December 1998. www.cmjornal.pt · www.dn.pt · sapo.pt
[○ 1 SOURCE] The interest rate for savings certificates rose to 2.356% in July. eco.sapo.pt
[○ 1 SOURCE] Savings certificates captured 767.7 million euros in July, the highest amount in over three years. eco.sapo.pt

Sources

Certificados de aforro batem novo recorde em julho com investimento a subir 15% e superam queda dos certificados do tesouro [www.dn.pt]

22 days ago

Investimento em certificados de aforro sobe 15% e volta a atingir recorde em julho - Economia - Correio da Manhã [www.cmjornal.pt]

22 days ago

Certificados do Estado superam 50 mil milhões de euros pela primeira vez [eco.sapo.pt]

22 days ago

Investimento em certificados de aforro sobe 15% e volta a atingir recorde em julho | Jornal Económico [sapo.pt]

22 days ago