The post’s banking subsidiary completed the acquisition of car loan company 321 Crédito mid-year. Total revenue for Banco CTT increased 87.2% year on year.
Parcel volumes delivered in Portugal increased 11.2% in 2019, driven by new customer acquisitions. Meanwhile, volumes delivered in Spain fell sharply. As a result, revenue for the Express and Parcels division grew only steadily in 2019. For more details download the latest IPC Carrier Intelligence Report for CTT Portugal Post.