ECB's Centeno sees more consolidation in Portugal's banking sector
Source: Reuters
LISBON, Nov 23 (Reuters) - Further consolidation of Portugal's banking sector is inevitable, European Central Bank member Mario Centeno told Reuters on Wednesday, calling "remarkable" the recent progress the country's banks have made on strengthening capital and reducing risk.Analysts have said that Portuguese banks should bet on M&A operations to achieve better competitive conditions, despite the five largest…
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