Banco de Portugal Governor Mario Centeno said this Wednesday that the central bank is entering a phase of negative results due to higher interest rates affecting the central bank’s results.
“[Em 2023, o resultado] it will not have the same sign as in 2022. The bank is entering a phase of negative results, the size of which depends on the decisions made,” said Mario Centeno, meaning that these results will not “minimally” affect the capacity for action of the institution.
Banco de Portugal announced this Wednesday that it posted a profit of €297 million in 2022, down 42% from 2021. Since 2018, when it made a record profit of 806 million euros, Banco de Portugal’s results have gradually declined. Dividends paid to the state for 2022 amounted to 238 million euros minus 41%.
Author: Portuguese
Source: CM Jornal
I’m Sandra Hansen, a news website Author and Reporter for 24 News Reporters. I have over 7 years of experience in the journalism field, with an extensive background in politics and political science. My passion is to tell stories that are important to people around the globe and to engage readers with compelling content.