A strong increase in net interest income for Banco CTT, as well as double-digit volume growth in Portugal and Spain drove rapid segment growth in 2018.

However, declining performance for other financial services, as well as a steady drop in mail division revenue – despite a more than 40% increase in contribution from inbound international mail – resulted in the operator’s total revenue growing just 0.4% in the year. Parcels growth and the integration of the recently-acquired car loan provider 321 Crédito are expected to result in further revenue growth in 2019. For more details download the latest IPC Carrier Intelligence Report for CTT Portugal Post.

 

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