Awards for Excellence 2008: Portugal
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
BANKING

Awards for Excellence 2008: Portugal

Best bank: Santander Totta 

Best investment bank: Caixa BI

Santander Totta is truly in a class of its own in Portugal. In a year when most of its biggest rivals have attracted headlines for all the wrong reasons – losses, intrigue, scandal – Totta has been quietly gaining ground.

Growth in the bank’s domestic net interest income of 12.2% at a time of slowing economic performance and rising uncertainty outclasses the 4.8% of its only serious rival this year, Banco Espírito Santo, the overall performance of which is also flattered by its foreign operations in Brazil and Angola.

While Espírito Santo has been nimble at exploiting the troubles at Millennium BCP and BPI to gain market share in a number of areas, Totta has done so too but with far greater efficiency and discipline.

Gift this article