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BNU contributes to rise in profits at Caixa Geral de Depósitos

Portuguese state-owned banking giant Caixa Geral de Depósitos (CGD), the parent company of Macau’s Banco Nacional Ultramarino (BNU), recorded a net profit of €397 million in the first quarter of 2026, representing a 1% increase compared to the same period last year

Macau News Agency

The results, announced on Friday (the 8th) by CEO Paulo Macedo during a press conference in Lisbon, highlight a growing contribution from the bank’s international operations, which now account for 12% of the group’s total earnings.

The bank’s international activity contributed €49 million to the net result, up from €34 million in the first three months of 2025. Among the overseas contributors, BCI in Mozambique led with €24 million, followed by BNU in Macau with €13 million and BCG Angola with €5 million. The quarter’s figures were also bolstered by the sale of the Cape Verdean unit BCA, which generated a capital gain of €19 million.

Read more in Macau News Agency

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