BNU contributed USD73 million to Portuguese bank net income in 2023

In 2023, Banco Nacional Ultramarino (BNU) played a significant role in the net income of Caixa Geral de Depósito (CGD), a Portuguese public bank. According to CGD’s financial report, BNU contributed approximately 5% or 67 million euros to CGD’s total income of 1.2 billion euros for the year. This contribution constituted about one-third of the net income reported by CGD’s international entities, amounting to 206 million euros – a  figure that represents the highest value of the century thus far.