Banks

The Portuguese group Sonae and Bankinter Consumer Finance completed a joint-venture on Thursday (November 30) which included the sale of 50% of Universo which will be held in equal parts by the [...]

The Spanish bank Abanca is now the owner of Portuguese bank Eurobic that will close 2023 with an expected record profit of just over €100 million. The bank, which was sold for €300 million, [...]

Crédito Agrícola more than doubled it’s profits in the first nine months of the year to €224.4 million, an increase of 139.3% compared to the same period last year, having exceeded total profits [...]

Crédito Agrícola more than doubled it’s profits in the first nine months of the year to €224.4 million, an increase of 139.3% compared to the same period last year, having exceeded total profits [...]

Portuguese bank BCP is continuing to clear its balance sheet of problematic assets by putting €80 million worth of Non-Performing Loans and properties on the market. Project Grace includes around [...]

The bosses of Portugal’s ‘big five’ banks CGD, BCP, Novobanco, Santander Totta and BPI said they weren’t worried about the Bank of Portugal’s insistence that their financial institutions set [...]

The CEOs of Portugal’s main banks have called for “common sense” and “celerity” in resolving Portugal’s political crisis that has seen the resignation of Prime Minister António Costa and the [...]

Text and Photo: Chris Graeme The Governor of the Bank of Portugal, Mário Centeno, has called for prudence when managing a “unique phase” in Portugal’s banking sector. Portugal’s banks enjoyed a [...]

Portuguese high-street bank BCP has fixed the monthly interest repayments on around 300 mortgages. The decision was made on the back of a government measure that aims to protect families from [...]

Portugal’s mutualist bank Banco Montepio is expected to post zero profits for 2023 because of the cost of selling its assets in Angola. The bank posted a loss of €50 million for H1, 2023 and says [...]