9M2026 Results

5 Nov 2026

Caixa Geral de Depósitos releases its consolidated results

Net income of €1,434 million (+2.5% year-on-year). CGD is the bank with the highest net operating income before impairments in Portugal
Business volume in Portugal increased in the first nine months of the year, driven by more than €5.3 billion growth in lending and a €2.2 billion increase in customer resources
Customer resources in Portugal reached €105.3 billion, growing by 2% in 2026, with funds and insurance outpacing deposit growth
Customer loan portfolio in Portugal totals €56.9 billion, increasing by 12% YoY, including +€5,3 billion in the first nine months of the year
Mortgage lending production exceeded €5.8 billion (+41.2% year-on-year), financing the purchase of 28,000 homes

Corporate lending: New M/L term loans totalled €5.4 billion (+40% year on year) in 2026, confirming the growth trajectory. CGD recorded growth above the market in key sectors of the national economy, notably Construction and Real Estate (+18%)
Commissions as a percentage of Business Volume remained stable, reflecting fee exemptions and unchanged pricing for the fourth consecutive year, as well as the lowest pricing among the main competitors
Cost-to-Income (recurring) of 30.3%, reflecting consistent performance and outperforming the European average
In 2026, CGD has already delivered €1.5 billion to the State in dividends and corporate income tax, and it is expected that at the end of the year this amount will correspond to €1.66 billion, following contributions of €1.78 billion in 2025 and €1.66 billion in 2024

Digital customers in Portugal exceed 2.6 million, with 99% of financial transactions (2.8 million/daily) carried out through digital channels and 1% through branches. CGD has the largest ATM/VTM network in Portugal
Caixadirecta Empresas exceeds 3 million logins, surpassing the figure recorded in 2025
CGD’s network continues to provide the widest banking coverage in Portugal, among the five largest banks, with 484 branches and 45 SME offices

CGD ranks as the No. 1 bank in Portugal in The Banker’s Top 1000 World Banks 2026 ranking
DBRS upgraded CGD’s rating to A (high) in June 2026, positioning CGD with the highest rating among Portuguese banks
S&P revised the outlook on CGD’s ‘A’ rating to ‘Positive’ in March 2026, signalling the potential for a future rating upgrade

CET1 ratio of 21.3% and Total Capital ratio of 21.3%, following payment of the largest annual dividend ever paid in Portuguese banking history
Organic capital generation of €9.4 billion since the recapitalisation, of which €4.8 billion was retained by the Bank and €4.6 billion paid as dividends, representing more than twice the amount received from the shareholder in 2017 (€3.9 billion)

NPL (Non-Performing Loans) ratio, decreases to 1.43%, with a coverage ratio of 163%
Exposure to non-core assets - NPLs, real estate and restructuring funds - down 8% year-on-year

Sustainable financing recorded €2.3 billion in new production, contributing to the achievement of the target set for 2026. The portfolio reached €7.9 billion
Investment of approximately €20 million in education, culture and social support in 2026

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¹ NPL – Non-Performing Loans: Ratios according to EBA Risk Dashboard

The financial statements were prepared based on International Financial Reporting Standards (IFRS) as adopted in the European Union, following Regulation (EC) No. 1606/2002 of the European Parliament and of the Council of 19 July and the provisions of Decree-Law No. 35/2005 of 17 February. The financial information reported is unaudited.
The values and ratios presented refer to 30 September 2026, unless stated otherwise. These may include estimated values, subject to change upon final determination.
In the current economic environment, the risk of further geopolitical, trade or climate‑related shocks remains high, potentially triggering periods of heightened volatility in financial markets and affecting the decision‑making of companies and investors. Given this context and taking into account the best information available as of today, the Board of Directors considers that Caixa Geral de Depósitos is adequately prepared, in terms of capital and liquidity, to absorb any adverse impacts arising from potential changes in the global economic landscape, while maintaining the necessary support to its customers and to the national economy.
This document is only intended to provide general information and does not constitute investment advice or professional advice, nor can it be interpreted as such.
This document is an English translation of the Portuguese language document “Resultados Consolidados 9M 2026”. In the event of any inconsistency, the original version prevails.