Bloomberg News

Credit Risk in Portugal is Increasing, Bank of Portugal Says

November 06, 2012

The risk of a borrower failing to repay a loan in Portugal is increasing and is linked to the country’s current economic cycle, Bank of Portugal Vice Governor Pedro Duarte Neves said.

“An increase in credit risk is an unavoidable reality,” Neves said at a conference today in Lisbon. While banks have succeeded in bolstering their capital ratios, the current setting remains difficult for the banking system, he said.

To contact the reporter on this story: Henrique Almeida in Lisbon at

To contact the editor responsible for this story: Jerrold Colten at

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