Best bank
Banco Comercial Português
Best debt house
BCP Investimento
Best equity house
BCP Investimento
Best M&A house
Finantia
| Jorge Jardim Gonçalves |
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Banco Comercial Português is the dominant private bank in Portugal, with leading market shares in all banking segments. Its largest potential rival is the state-owned Caixa Geral de Depositos, which is now modernizing fast and improving its efficiency, though no date has yet been set for a privatization. Its most significant foreign competitor is Banco Totta&Açores - the combination of Totta, Crédito Predial Português and the commercial and investment banking businesses of Banco Santander. As elsewhere, local firms - whose reason for existence is undermined by regionalization and their clients' increasingly sectoral view - are threatened by aggressive, sophisticated, efficient and acquisitive foreigners. Totta's performance in retail, wholesale and investment banking makes it one of the best performers in the sector this year.