Portuguese development bank likely needs additional capital injection (eco.sapo.pt)

• BPF chairman signals need for capital beyond €1.5B planned until 2030
• Current capital: €500M; target capital: €2B via 2026 injection
• Non-performing loans: €16M out of €11B disbursed; 95% approval rate

"The chairman of Banco Português de Fomento (BPF), Gonçalo Regalado, stated the bank will probably need a capital increase beyond the €1.5 billion already planned by the state until 2030. Current capital stands at ~€500 million. A first injection of €1.5 billion is set for 2026, to be phased in over four years, targeting total capital of €2 billion. Regalado noted the Spanish peer ICO recently received €13 billion. BPF has non-performing loans of only €16 million out of €11 billion disbursed and rejects only 5% of applications. It manages over 10% of Portugal's PRR funds with 100% execution."