“Caixa is not like other Portuguese companies that have been recapitalized by the state,” such as Novo Banco or TAP, Caixa CEO Geral de Depósitos (CGD) told 2,500 workers attending the state bank's annual meeting, held on a Saturday in March. 16th, at Campo Pequeno, in Lisbon.
“We are proud that we are 300 million euros away from completing the return to the state of the recapitalization that was implemented,” emphasized Paulo Macedo, referring to the money that still needs to be repaid for the 2,500 million injected in new funds in 2017.
“In this period (between 2017 and 2023) we generated capital such that CGD today has more than double the capital invested by the state, about 10 billion euros,” he stressed during a meeting with employees held one day after the project presentation. The bank's accounts for the year 2023, the year in which it achieved profits of 1,291 million euros, a value that represents an increase of 53% compared to the profits of 843 million that it achieved in the previous year.
“We obtained the highest results ever from CGD and distributed the highest per capita bonuses ever to employees,” explained Paulo Macedo.
“Kaisha is focused on merit and will pay 22.6 million euros in bonuses on March 26 and distribute, in 2024, 7.6 million euros in business incentives. There are more than 30 million euros of variable bonuses,” the CEO of the state bank explained.
“We pay bonuses to 93% of employees, compared to 90% last year – and of those, they receive at least a salary,” Macedo confirmed, in a meeting attended by TV presenters Filomena Cutila and Ines López Gonçalves.
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
