Portugal : Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, and Insurance Regulation

Author/Editor:

International Monetary Fund

Publication Date:

October 24, 2006

Electronic Access:

Free Full Text (PDF file size is 656 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Portugal’s financial system is sound, well-managed and competitive, with shorter-term risks and vulnerabilities well contained, and with the system buttressed by a strong financial policy framework. Portuguese banks’ profitability, asset quality, and solvency have held up well in recent years, despite a difficult operating environment. Nevertheless, household debt levels are well above the EU average, and corporate debt levels are also high, although bank credit to firms has been growing moderately in recent years. The government should continue to carefully monitor the key risk areas.

Series:

Country Report No. 06/378

Subject:

English

Publication Date:

October 24, 2006

ISBN/ISSN:

9781451832211/1934-7685

Stock No:

1PRTEA2006002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

54

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