Bank of Portugal

The continuing high price of gold is having a positive impact on the value of Portugal’s 383 tonnes of gold reserves – they are gaining in value by €25 million per day. Portugal’s gold [...]

The Bank of Portugal is looking into the possibility of charges levied on MB Way transfers and their respective impacts on consumers. It comes after the consumer watchdog Deco warned of the risk [...]

The Bank of Portugal expects that from January next year banks will no longer be charging customers for bank transfers. It has to do with a new EU regulation that will come into force on 9 [...]

The Resolution Fund set up to provide liquidity to Novobanco in the wake of the collapse of Banco Espírito Santo in 2014, recently invested €128.67 million to acquire 4.14% of the capital of [...]

The Bank of Portugal warned today that government measures approved over the last few weeks, and others currently under discussion in parliament, could put Portugal’s public finances back in the [...]

The Bank of Portugal has warned that high interest rates and continued geopolitical tensions with Russia over Ukraine, China over trade, and the war against Hamas in Israel are continuing to [...]

Portugal’s central bank, the Bank of Portugal, posted an operational loss of €1.0Bn in 2023 and is likely to suffer loses this year and will only break-even by 2025. The losses at the bank led by [...]

The value of Portugal’s gold reserves has continued to appreciate without moving the gold an inch. The Bank of Portugal’s vaults in Carregado (also reserves in the UK, US and France) contain [...]

Portugal’s central bank governor Mário Centeno says he won’t step down from his position at the financial supervisor despite some pressure to do so, and says he may even stand for a second term. [...]

Text and Photo: Chris Graeme The Governor of the Bank of Portugal, Mário Centeno, has called for prudence when managing a “unique phase” in Portugal’s banking sector. Portugal’s banks enjoyed a [...]