Number of banks reached 61.0 banks in 2019 in Portugal, according to the National Central Bank. This is 17.3 % more than in the previous year.
Historically, number of banks in Portugal reached an all time high of 257 banks in 1995 and an all time low of banks in. When compared to Portugal's main peers, number of banks in France amounted to 259 banks, 59.0 banks in Ireland, 24.0 banks in Morocco and 135 banks in Spain in 2019.
Portugal has been ranked 27th within the group of 140 countries we follow in terms of number of banks, 2 places above the position seen 10 years ago.