Crédito Agrícola has bought Porto Palácio Hotel from Sonae Capital for €62.5 million. Sonae Capital sold the hotel to the fund CA Património which is held by Crédito Agrícola. The hotel used to [...]
Two reports used in the defence of former president of Banco Espírito Santo have blamed the management that followed him for the gargantuan losses which led the bank to collapse in 2014. Ricardo [...]
Project Harvey, the name Novo Banco has given to a portfolio of bad loans or NPLs worth €640 million, will include the debts from the construction company Grupo Lena and removals and logistics [...]
The Spanish bank Bankinter posted profits of €1.1Bn in the first half of 2021, including a €896 million windfall for selling off Línea Directa’ while Portuguese agencies made a €26 million [...]
The entity given the responsibility for approving the directors of Portugal’s new development bank, Banco Português de Fomento, has approved the executive team. CRESAP – the Commission for [...]
The report from the parliamentary inquiry commission into mismanagement and reckless lending at BES and selling assets under value at Novo Banco has reached a damning verdict. Fernando Anastácio, [...]
Novo Banco will offer another bad loan portfolio to investors – this time worth €640 million. The portfolio called Project Harvey includes 20 big debtor loans according to sources consulted [...]
The Portuguese tax payer may have to foot the bill for a €31 million debt to the public bank Caixa Geral de Depósitos taken out by former Benfica football boss Luís Filipe Vieira. The Public [...]
Portugal’s public bank Caixa Geral de Depósitos has finally been removed from rating agency Moody’s ‘junk’ list. It means that following a long and difficult restructuring process led by the [...]
Luís Filipe Vieira who has temporarily suspended his mandate as president of Benfica Football Club until he clears his name from €100 million fraud and tax evasion charges has been placed under [...]
