Banking in Portugal and the Green Economy

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The power of credit institutions for the promotion of social well-being and a new sustainable economy are some of the subjects broached in the book.

In the work, Sofia Santos points out the existing fragility in banking at the moment, regarding the way in which company risk is analyzed. From the author’s point of view, the great majority of Portuguese banks recognize that the environmental risks of the projects to which they are lending money are very important in the process of loans, but only one bank attributes much importance to this factor in the determination of the financial conditions of the loan. Thus, this is proof that there is a lack of general knowledge on the future challenges which are going to affect Portuguese companies.

On the other hand, the author speaks of the imminence of the appearance of a new generation of banks, specialists and specialized, which analyze and act in conformity with the future trends of the sectors in which they operate, which know their clients and advise them in an active, judicious way. These banks, normally called ethical banks, have presented financial results rather better than those of the traditional banks.