France’s BPCE group, which has signed a Memorandum of Understanding to purchase Portugal’s Novobanco, has agreed to pay almost 1.7 times of the book value, meaning 70% above the average that [...]
Portugal’s high street bank BCP has spent €110 million on a share buyback programme, acquiring 182,927,697 shares worth 1.21% of its capital. In a note sent to the Portuguese securities market [...]
The Canadian ratings agency Morningstar DBRS has increased the long term rating on Banco Montepio’s non-guaranteed senior bonds to BBB (low), taking them from ‘junk’ status to investment grade. [...]
The French banking group BPCE is said to be in the lead to buy Novobanco if the offer is accepted by the US majority shareholder Lone Star that holds 75% of the bank. Although the Spanish bank [...]
Rumours were swirling in Lisbon last week that Novobanco had likely been sold to the French banking group BPCE, but the news was finally confirmed on Friday. An agreement was reached between the [...]
The US equity fund and asset manager Lone Star is said to have received two offers for Novobanco – one from the French group BPCE (Banque Populaire, Caisse d’Epargne, and Natixis [...]
Banco Finantia almost doubled its profits last year to €25.3 million it announced on Thursday. The shareholders agreed at its general assembly to award a dividend of €18 million or 12 cents per [...]
Novobanco is working with consultants to have everything ready for a stock market floatation or IPO (Initial Public Offer) for the second half of this month. That, of course, provided its main [...]
Online digital bank Revolut is to open an office in Portugal this summer with an ambition to become the “main bank” for Portuguese clients according to the news agency Lusa quoting the bank’s [...]
The number of people in Portugal taking out mortgages rose to its highest level in April since August 2008 according to data released from the Bank of Portugal released on Friday. “The [...]
