Finance
Caixa Geral Sees Under 1% of Clients With ‘Vulnerabilities’
- Carioca sees a ‘relatively comfortable’ situation for the bank
- BCP CFO says fiscal discipline can help keep lending costs low
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Caixa Geral de Depositos SA said just under 1% of clients at the Portuguese state-owned bank are significantly vulnerable to rising inflation and interest rates.
“What we see is a little under 1% of our customer base where we do see significant vulnerabilities,” Chief Financial Officer Maria Joao Carioca said at the Bloomberg Portugal Capital Markets Forum in Lisbon on Thursday. It’s a “relatively comfortable” situation for Caixa Geral at this stage, she said.