CGD grants 6.982 million euros of default until 28 July

The 36.604 private customers saw 3.063 million moratoriums approved, representing 12% of the private credit portfolio. The 12.222 corporate customers have a 3.919 million default and represent 31% of the corporate credit portfolio.

Caixa Geral de Depósitos (CGD) granted 6.982 million euros of default, which represents 17% of the total loan portfolio. The number of customers totals 48.826. This until July 28th.

The 36.604 private customers saw 3.063 million arrears approved, representing 12% of the private credit portfolio.

The 12.222 corporate customers have a 3.919 million default and represent 31% of the corporate credit portfolio.

The moratoriums last until March 31.

With regard to credit lines, and until July 28, the State bank had Covid-19 credit lines approved in the amount of 957 million in a total of 4.927 operations. This in the lines with mutual guarantee. In the lines guaranteed by the FEI, there are 3.878 transactions approved in the amount of 309 million.

Altogether, the credit lines for companies and businesses total 1.266 million, in 8.805 operations.

CGD had other lines approved between January 1 and July 28, in the amount of 3.990 million, and pre-approved credit for corporate clients in the amount of 3.039 million euros.

In the total portfolio (48,315 billion) 54% of CGD's credit is from individuals and 46% from companies. THE stock corporate credit grew 8,5% in the first six months.

Paulo Macedo posted a 41% drop in profits to 249 million euros in June, which represents a 6,2% ROE. The bank reported an 8% drop in net interest income, on a consolidated basis. In Portugal, the margin drop was 10%.

Recurring profits were 198 million, 30% less than in June 2019. The return on equity is 5%.

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