Deliver more value
Main targets for strategic cycle 2025-2028
| |
Metrics |
H1'25 |
2028 |
| | | | |
|
Healthy organic growth |
Business volumes
Portugal |
167€bn
114€bn |
> 190€bn
> 120€bn |
Number of customers
Portugal |
7.1mn
2.8mn |
> 8mn
> 3mn |
Mobile customers
Portugal |
73%
65% |
>80%
> 75% |
| | | | |
|
Execution discipline |
Cost-to-income
Portugal |
37%
35% |
< 40%
< 37% |
Cost of risk
Portugal |
30 pbs
33 pb |
< 50 pbs
< 45 pbs |
| | | | |
|
ESG commitment |
S&P Global CSA (percentile) |
Top quartile |
Top quartile |
| | | | |
|
Robust capital |
CET1 ratio
|
16.2%1 |
> 13.5% |
| | | | |
|
Superior returns |
ROE |
14.3% |
> 13.5% |
|
Shareholder distribution |
2024 activity
72%3
|
Up to 75% of cumulative net income of 4.0-4.5€bn in 2025-20282 subject to supervisory approval and achievement of Plan’s relevant capital & business targets in Portugal and in the international area and fulfillment of CET1 target |
| | | | |
1 Fully implemented estimated ratio (June 2025) including 25% of the unaudited net income of H1’25.
2 Including payout and share buyback, from 2025 through 2028.
3 Including a 50% dividend payout of 2024 earnings and the effect of the share buyback programme amounting to 200 million approved by the supervisor
