The XXII Constitutional Government’s Programme proposed the development of a new financial institution with the aim of strengthening the financial capacity of the national business ecosystem and accelerating the various existing sources of funding dedicated to investing in sustainable projects, carbon neutrality, and the circular economy. The programme also emphasised the importance of mobilising the most suitable financial instruments to promote a green economy, in line with European guidelines on sustainable finance.
BPF
Banco Português de Fomento
Founded in:
2020
Joined BU in:
2026
Institution Type:
ECA
Ownership:
State owned
Instruments:
Guarantees, Lending
About us
National Promotional Bank of Portugal
Contributing to a competitive Portugal, inspired by a more innovative and sustainable future.
Supporting Portugal’s economic and social development by creating and providing innovative, competitive, and tailored solutions to meet the needs and challenges of the business ecosystem. We foster entrepreneurial capacity, investment, and job creation, promoting sustainability and the country’s economic, social, and territorial cohesion.
Address details
Email:
adm@bpfomento.pt
Phone:
+351 226 165 280
Address:
History
In June 2020, the Economic and Social Stabilisation Programme, approved by the Government in response to the economic challenges posed by the COVID-19 pandemic, identified the need to expedite the creation of an institution that would serve as a promotional development bank. This institution would leverage synergies by ensuring better coordination and integration of investment, innovation, and internationalisation support mechanisms.
Thus, on 3 November 2020, the Banco Português de Fomento, S.A. was established. It resulted from the merger by incorporation of PME Investimentos - Sociedade de Investimento S.A., IFD - Instituição Financeira de Desenvolvimento S.A., and SPGM - Sociedade de Investimento S.A., as outlined in Decreto-Lei n.º 63/2020 de 7 de setembro. This unique institution develops innovative solutions to support both national and international projects, fostering sustainability and economic development.
Institutional Set up and Mandate
Legal Form
Other (comment)
State owned company with ECA mandate
Relationship with Government
Other (comment)
Direct ownership and through public entities