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Financial Products in Portugal

Author

Listed:
  • Gualter Couto

    (School of Business and Economics and CEEAplA, Universidade dos Açores, Ponta Delgada, Portugal)

  • Pedro Pimentel

    (School of Business and Economics and CEEAplA, Universidade dos Açores, Ponta Delgada, Portugal)

  • Luís Toste

    (School of Business and Economics, Universidade dos Açores, Ponta Delgada, and Novo Banco dos Açores, Portugal)

Abstract

The offerings of financial products to investors have evolved considerably over the last decades. This study was undertaken to understand the importance of financial products in Portugal for banks and private clients. Different financial products can provide to banks an important role on their revenues and liquidity. For clients allows to invest their savings according the risk, complexity and potential return they pretend be exposed. Financial products can be divided into four groups: deposits, investment funds, securities, and insurance banking. The six largest banks with Portuguese headquarters were identified based on an analysis of net asset value, and the products offered were analyzed. It was found that on an overall basis, the offerings of financial products available in banks are rather diverse and, at the same time, uniform. It was also noted that investment decisions are dependent on investors and that there are financial innovations that attract differentiated savings.

Suggested Citation

  • Gualter Couto & Pedro Pimentel & Luís Toste, 2019. "Financial Products in Portugal," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 8(3), pages 51-64.
    • Handle: RePEc:cbk:journl:v:8:y:2019:i:3:p:51-64
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    File URL: http://www.cbcg.me/repec/cbk/journl/vol8no3-4.pdf
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    More about this item

    Keywords

    Banks; Financial Development; Financial Intermediation; Financial Markets; Savings Investment.;
    All these keywords.

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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