Portugal’s banks consider their next move

Millennium BCP: Leveraging knowledge overseas | CGD: a domestic retail focus | Euronext: internationalizing Portugal

PERHAPS THE GREATEST compliment that can be paid to a country’s banking system is that it is not the cause of much excitement. Not because it is dull, of course. But because it is so stable. Portugal’s banking system can be praised in that way: after decades of impressive expansion, the market has settled into a period of steady growth with a relatively small, but fiercely competitive, group of banks offering efficient services.