Portugal’s gold reserves hit record €21Bn
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 [...]
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 [...]
The Bank of Portugal (BoP) has decided to revise its growth forecasts for Portugal’s GDP downwards from 2.7% to 2.1% because of a slowdown in export orders and reduction in consumer spending. On [...]
The Bank of Portugal has issued a warning about entities that do not have authorisation to operate in the virtual assets market in Portugal. It specifically refers to BTC Evex 360, BTC ifex 360, [...]
Portugal’s seven largest banks must submit a report to the European banking supervisor containing detailed data that will enable Brussels to evaluate the risk of high interest rates on their [...]
Banks in Portugal have closed 1,077 branches up and down the country over the past five years – the majority in Lisbon, Porto, Braga and Aveiro. According to a study released by the Bank of [...]
The Bank of Portugal has issued a new reporting regulation for the top brass of financial institutions that will have to report fat cat salaries. The supervisor in Portugal is following the lead [...]
The Governor of the Bank of Portugal Mário Centeno believes that inflation should fall to below 3% by the end of the year. Centeno gave his opinion to Bloomberg after taking part in an economics [...]
Portugal’s public debt, as accepted Brussels, remained unchanged at €280Bn in May according to data released by the Bank of Portugal today. (Mon July 3, 2023) It is the first time that Portugal’s [...]