Portugal

Development Bank with a 50% increase in State guarantees in 2027

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 15/10/2026, 06:11:24 UTC.

Briefings

Portuguese financial institution Banco de Fomento increased state guarantee limits by 50% in 2027, raising the maximum guarantee cap to 18.95 billion euros. This increase targets approximately 13 billion euros in guarantees for various products, primarily driven by a 19% rise from the 2026 budget. The institution also expanded its role as Export Credit Agency, raising export credit guarantee limits from 2.6 billion to 4 billion euros, and increased guarantees for SOFID from 15 billion to 25 billion euros.

Key points

• Banco de Fomento raised the maximum state guarantee limit to 18.95 billion euros in 2027, an increase of 19% from the 2026 budget of 15.9 billion euros.
• The institution expanded its Export Credit Agency role, increasing export credit guarantee limits from 2.6 billion to 4 billion euros, and raised guarantees for SOFID from 15 billion to 25 billion euros.

Context

Banco de Fomento, led by Goncalo Regalado, increased state guarantee limits to manage potential claim activations. The 2027 budget proposal reflects a 50% rise in guarantee concessions, with 13 billion euros targeted for specific products. Portugal is the EU's largest member state, mobilizing 7 billion euros between 2026-2029 for EU instruments like InvestEU.

Limitations

Evidence covers 2026-2027 budget proposals and actual guarantee activations up to May 2027. Some figures are estimates based on budget proposals, and certain operational details regarding specific product guarantees remain partially unverified.

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