Business Chief Europe Magazine February 2020 | Page 76

PORTUGUESE COMMERCIAL BANK
CITY FOCUS | PORTO

“ The past century ’ s industrial growth in Porto and the surrounding region has established it as one of the country ’ s key business hubs ”

76 corporate landscape in and around the city is diverse and thriving , with giants from myriad industries basing their global operations in the region .
PORTUGUESE COMMERCIAL BANK
Portugal ’ s preeminent banking institution , Portuguese Commercial Bank ( PCB ), is headquartered in Porto and was founded in 1985 . At the close of
2018 , PCB ( which operates largely under its Millennium brand ) served 2.3mn Portuguese customers and had 546 branches across the country . According to Forbes , the company ’ s market cap reached US $ 4.2bn in May 2019 , and it boasted 15,794 employees worldwide at the time .
As a major Portuguese investor , PCB takes pride in its approach to
FEBRUARY 2020