The international magazine Global Finance has voted Novo Banco as the best bank in Portugal when it comes to securities custodian services as ‘Best Sub-Custodian Bank 2022”. According to the [...]
The increase in interest rates by central banks and the subsequent rise in yields on Portuguese sovereigns held by Portugal’s banking sector will have an impact but will “not endanger the sector” [...]
Portugal’s bank BCP has been awarded an investment grade rating 11 years after the banking crisis in Portugal which saw its rating plummet to speculative or ‘junk’ status. The bank’s CEO Miguel [...]
Portugal’s Mutual Guarantee System has posted losses of €207 million according to the financial report for 2020 published by its development bank Banco Português de Fomento. However, the [...]
A study conducted by the Francisco Manuel dos Santos Foundation has found that Small and Medium Enterprises (SME) have reduced their dependancy on bank financing over the past decade. It also [...]
Portugal’s Novobanco has received no less than 100 offers for its prime site headquarters on Lisbon’s most expensive avenue. The bank, which is mostly owned by the US equity fund Lone Star, and [...]
The Bank of Portugal is said to be running out of patience for a new chairman to take the helm at Portugal’s new development bank Banco de Fomento. A year ago the Government tried to find a [...]
The ‘bad’ bank that remains of Banco Espírito Santo which collapsed in 2014 is making headway on reducing some of its losses. They are now half of what they were when the bank began its winding [...]
Portugal’s State-owned bank Caixa Geral de Depósitos (CGD) has posted a €146 million profit for the first quarter of 2022. It represents an 80% increase like-for-like on 2021 when the bank’s [...]
The entrepreneur and art collector Joe Berardo is to advance with a lawsuit for €900 million in compensation from several Portuguese banks. The collector says the money is to compensate the José [...]
