In January 2022, the stock of deposits reached a record value of €173.4 billion, almost €500 million more than in the previous month, which represents an increase of 6.3%, according to data released by the Bank of Portugal (Bdp).

“At the end of January 2022, individuals had deposited €173.4 billion with resident banks, and companies €60.5 billion. During the month of January, these deposits grew by 6.3% and 17.4%, respectively, compared to January 2021”.

This means that the Portuguese have never entrusted so much money to banks as they do now, even though the remuneration offered by this type of applications is very low, writes ECO, noting that this is a trend that has accelerated with the pandemic.