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“Although Portugal is a relatively concentrated banking market compared with Spain, the fact that it is a much smaller marketplace suggests that consolidation could contribute to some further improvement in efficiencies” |
Depending on your perspective, these are either the worst or the best of times for Portugal’s banking industry.
Those who fear that investor confidence in the sector has taken a battering in recent months say that it was not just the messy bail-in of Novo Banco that has damaged the industry’s credibility.
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