The planned strike in the banking sector has been cancelled after Caixa Geral de Depósitos, BCP and Banco Montepio agreed to a 3% salary increase. Additionally, Caixa Geral de Depósitos has committed to a further 2.5% pay rise for 2027.
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Banking unions cancelled the national strike scheduled for 30 November after reaching an agreement with the Portuguese Banking Association and Caixas de Crédito Agrícola Mútuo for a 3% pay rise across salary tables and pensions for 2026. The increase, alongside retroactive pay dating back to 1 January 2026, will be reflected in November paychecks, though the strike remains in effect for BCP and Banco Montepio pending further talks.
AIMA workers have initiated a strike to demand salary increases and the establishment of a technical career framework. The industrial action follows the resignation of the agency's president, Pedro Portugal Gaspar, and is a response to the government's lack of response to urgent meeting requests from the union.
The European Central Bank's latest survey of over 12,800 businesses in the eurozone shows that 46% experienced an increase in bank loan interest rates during the third quarter of 2026, up from 42% in the previous quarter. Companies reported both higher interest rates and increased non-interest financing costs, such as fees and collateral requirements, while also noting a decline in the availability of bank loans.