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Banco Português de Fomento

Portuguese development bank that creates innovative solutions to support national and international projects, promoting sustainability and economic development.

Last updated September 2, 2026

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Overview

Banco Português de Fomento (BPF) is a Portuguese development bank established on November 3, 2020, resulting from the merger of PME Investimentos, IFD, and SPGM. It aims to support the economic and social development of Portugal by providing innovative financial solutions to the business ecosystem.

History

The Programa do XXII Governo Constitucional proposed the development of a new financial institution to confer financial capacity to the national business ecosystem and accelerate various sources of financing for sustainable projects. In June 2020, the Economic and Social Stabilization Programme considered it essential to accelerate the creation of a promotional development bank. Thus, on November 3, 2020, Banco Português de Fomento, S.A. was born, resulting from the merger by incorporation of PME Investimentos and IFD into SPGM, as described in Decreto-Lei n.º 63/2020.

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