The Portuguese cooperative bank Montepio’s bid to float €250 million in bonds onto the market has failed. The bank hoped to raise the money by issuing bonds to strengthen its capital [...]

Portugal’s Novo Banco, created in 2015 from the collapse of Banco Espirito Santo, has successfully offloaded a portfolio of Non-Performing Loans worth €2.1Bn. The portfolio containing 102,000 [...]

Part of the largest portfolio of default loans in Portugal is to be put up for sale by Novo Banco. The restructuring fund KKR won the race to buy €1.7Bn of Non-Performing Loans which Novo Banco [...]

Profits at Portugal’s mutual bank Montepio Geral have plummeted from €587 million to just €1.7 million this year. The bank, led by Tomás Correia, has been blighted by allegations of corruption [...]

An audit carried out on Portugal’s state-owned bank Caixa Geral de Depósitos between 2005 and 2008 has revealed “various ruinous operations”. The document which reveals these audits have yet to [...]

One of Portugal’s oldest banks and one of only two to remain in Portuguese hands, is to hold elections for its board today (Friday 7 December) in what will be the most controversial and hotly [...]