Banks

Haitong Bank posted profits of €5 million in 2024, a fall of 70% on the €17 million in 2023. In a note sent to the Portuguese stock market and securities commission CMVM on Friday, the private [...]

Millennium BCP announced on Thursday that it has launched a call for offers for the purchase of a tier 2 bond issue worth €300 million maturing in 2027. The bonds were issued in December 2017 at [...]

A new valuation of Novobanco, this time by JB Capital, has upped the bank’s value to as much as €7Bn at the top end of the value scale. The Portuguese bank is currently being prepared for an [...]

The president of Portuguese bank BPI, João Pedro Oliveira said in an interview this week that if Caixa Geral de depósitos purchases all or even part of Novobanco, it would be tantamount to a [...]

Portugal public bank Caixa Geral de Depósitos has posted net profits of over €1.7Bn for 2024 and paid the State out €850 million in dividends; more than had been factored for in the State Budget [...]

The CEO of one of Portugal’s largest high-street banks, Millennium BCP, continues to remain tight-lipped as to whether the bank will make a bid to buy rival bank Novobanco. However, Miguel Maya [...]

Portugal’s bank BCP is expected to post record profits of around €879 million today. (Wednesday, February 26). The bank’s shares saw share values soar 76.5% (including dividends) last year, not [...]

Over 60% of Portugal’s banks are controlled by foreign capital or have a considerable share controlled by overseas banking groups according to calculations made by the news agency Lusa based on [...]

It seems it is decided. Novobanco is now not likely to be sold or merged with another bank, either national or international. Instead, Lone Star, the US asset management fund that is the bank’s [...]

If Novobanco were to be sold to a competitor in Portugal (read Caixa Geral de Depósitos or BCP), the competition authority would likely impose “remedies”. This is according to the President of [...]