Credit intermediaries in Portugal are projected to mediate over half of all loans in 2025, marking a significant shift in the financial landscape. This represents the first time since 2018 that these intermediaries have surpassed traditional banks in loan volume. The data indicates intermediaries will handle 50.6% of loans, signaling a growing preference for their services among borrowers. This trend emerges after the sector’s regulation by the Bank of Portugal in 2018, suggesting the regulatory framework has fostered growth. The rise of intermediaries offers alternative access to credit and potentially increased competition within the Portuguese lending market. Experts are analyzing the long-term implications of this evolving dynamic for both consumers and the banking sector.