CaixaBank/BPI has raised its target value for Portuguese telecommunications company NOS shares from €3.80 to €4.00 per share. It recommends that the shares should now be rated ‘neutral’ after [...]
The Resolution Fund, which was set up to provide financial lifelines to Novobanco, has questioned Novobanco on the sale of a hotel in Brazil. The former Sheraton Reserva do Paiva in Recife was [...]
Portugal’s insurance company Fidelidade and bank BCP are unlikely to be affected by financial problems reported by the Chinese company Fosun. The Chinese authorities have asked China’s largest [...]
Ivo Rosa, the judge served with deciding the outcome of one of the longest and costliest legal cases in Portuguese history – the case of Banco Espírito Santo (BES) and its ex-board [...]
Novobanco has suffered a devaluation of €29 million because of its exposure to Russian business debt following the Ukraine war. According to the news outlet ECO, Novobanco had a €49 million [...]
The Portuguese fund ESC Capital that contained assets belonging to the former Espírito Santo Group has been sold to the US fund Davidson Kempner for €850 million. Now awaiting approval from [...]
The Spanish real estate investors Merlin Properties has bought one of the most iconic modern buildings in Lisbon for €112.2 million. The purchase of the Novobanco HQ building located on Lisbon’s [...]
Portugal’s Caixa Geral de Depósitos (CGD) is preparing to close 23 branches in August. The news did not come from the bank, but rather from a union that represents public bank employees, STEC. [...]
The increase in interest rates has created a financial buffer of almost €700 million in BCP bank’s pension fund which can be used to reinforce the bank’s capital ratios in its Polish operation. [...]
Portugal’s banks are in no rush to raise interest rates on savers’ deposits even through the European Central Bank has done so by 0.5%. Portugal’s main five banks Santander Totta, CGD, Novobanco, [...]
