The deterioration of expectations in international financial markets regarding the sustainability of public finances in Portugal translated into a strong increase in the risk premium of the sovereign debt, with negative repercussions on Portuguese banks’ access to and financing conditions in international wholesale debt markets.
This approach has allowed CBK to partner with both financial service providers and telecommunication providers as they seek to introduce innovative solutions into the market that are reliant on technology. This approach has seen an: a)  Increase in mobile phone participants.