A letter that was sent to the European Central Bank and the European Commission by the Prime Minister “undermined confidence” and had a “detrimental effect” on the way troubled Portuguese bank [...]

The collapse of three Portuguese banks 10 years ago left a trail of destruction with 14,000 creditors and €7.6Bn going up in smoke. During the economic crisis that began with the collapse of [...]

Novobanco is to put up for sale a portfolio of properties that have been valued at €400 million. According to Jornal Económico, the portfolio includes around 94% of the units of a fund which [...]

Millennium bcp, the Portuguese bank led by Miguel Maya, made €233 million from Project Crow, the biggest property deal in Portugal in 2022 which was sold to Davidson Kempner for €850 million and [...]

The European Commission believes that Portugal’s main banks have violated competition rules for 10 years by sharing information on volumes of credit and spreads that they were applying in a case [...]

The Portuguese Government has released a €600 million credit lifeline to help manufacturing companies offset the rising cost of production costs. The loans, which will have an interest-free grace [...]

The question of a possible merger between BCP and Novobanco has again been circulating in banking circles in Portugal. The Governor of the Bank of Portugal, Mário Centeno said in an interview [...]

Portugal’s banks are urging their clients who may already be in difficulties or anticipate cashflow or loan repayment problem in 2023 to get in contact now. In a bid to avoid a flurry of loan and [...]

Sonae’s Universo as reached an agreement with Bankinter Consumer Finance to create a joint-venture that foresees the combining of Universo businesses with the management entity for the range of [...]

The Portuguese bank Caixa Geral de Depósitos has won the award for ‘Best Digital Assistant’ at this year’s Banking Tech Awards. The awards highlight the best technology solutions in the banking [...]