The leading figures of Portugal's banking sector have swapped their spreadsheets and financial metrics for the serene beaches of the Algarve. This summer, they're embracing a slower pace of life, filled with reading, sports, boat trips, and dining out.
A Well-Deserved Break After Busy Semesters
After a hectic first half of the year, marked by earnings presentations and strategic meetings, Portugal’s banking CEOs are now enjoying their summer retreats. Miguel Maya (Millennium BCP), João Pedro Oliveira e Costa (BPI), and Pedro Leitão (Banco Montepio) are among those who have chosen the Algarve as their preferred destination.
- Miguel Maya admits he delayed his vacation due to pending work but remains optimistic. He plans to unwind with family in the Algarve, indulging in wind foiling, beach runs, and leisurely meals at Restaurante da Praia dos Salgados.
- João Pedro Oliveira e Costa is sailing from Cascais to the Ria Formosa, where he’ll enjoy secluded beaches and seafood. His annual tradition includes reuniting with lifelong friends in Praia da Luz.
- Pedro Leitão seeks simplicity—time with family, yoga by the beach, and deep conversations.
Reading Lists: From Military History to AI
Even on vacation, these bankers stay intellectually engaged. Their summer reading includes:
- Miguel Maya: Filomeno (Gonzalo Torrente Ballester), A Leopard Skin Hat (Anne Serre), and Autocracia (Anne Applebaum).
- João Pedro Oliveira e Costa: Books on Roman soldiers, Portugal’s historical delays, and the mystery of King Sebastian.
- Gonçalo Regalado (BPF): Leadership and innovation-focused titles like Boards of Directors in Disruptive Times.
The Challenge of Disconnecting
While some, like Paulo Macedo (CGD) and Pedro Castro e Almeida (Santander Portugal), kept their plans private, others openly shared their struggle to fully detach from work. Miguel Maya admits he can’t completely switch off but enjoys a different, more relaxed way of staying informed.
Vítor Bento (APB) humorously questions whether his Kindle’s unread books count as vacation or just another to-do list.
Algarve’s Allure: Sun, Sea, and Seafood
The Algarve remains a top choice for its pristine beaches, fresh seafood, and tranquil lifestyle. Whether it’s surfing at Zavial Beach, dining at Armazém (Sagres), or simply recharging by the ocean, Portugal’s bankers are making the most of their downtime.
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