A former senior director of State-owned bank Caixa Geral de Depósitos told a public inquiry into ruinous lending by the institution that he “regretted the deal had gone wrong”. Armando Vara gave [...]

Two Portuguese banks are at war over the right of one to use a trademark which the other says is too similar to its own. Banco BIC decided to change its commercial name to EuroBic but a [...]

Portugal’s largest real estate investment fair, Salão Imobiliario de Portugal (SIL) is to launch SIL Village and SIL Kid’s Club at its 22nd four-day fair in Lisbon between 10-13 October. As part [...]

Over 40 Pimco funds are claiming around €560 million in credit from Banco Espírito Santo – the Portuguese bank that collapsed in 2014 owing hundreds of millions of euros to lenders. [...]

The State has only recovered around €5.3Bn from a total of €28.3Bn in capital funds lent to the Portuguese banking sector between 2007 and 2018 via the Resolution Fund. According to the Bank of [...]

Plans for the transfer of Deutsche Bank’s retail business in Portugal to the Spanish bank Abanca are in their final phases. According to a legal source involved in the process an announcement on [...]

Yet another case of less than stellar lending choices has been levelled at state-owned bank Caixa Geral de Depósitos. This time it has been revealed that CGD lent €125 million to Angolan tycoon [...]

Novo Banco registered a €93.1 million loss in the first quarter of 2019. The bank, led by António Ramalho, ended 2018 with an overall loss of €1.412Bn. In the first thee months of 2017 the bank [...]

Portugal’s central bank has vetoed slapping commissions on cashpoint withdrawals and other operations on Multibanco ATMs despite mounting pressure from the nation’s banks to introduce them. [...]

The row in Portugal about if, who and how much customers should pay for withdrawing cash from cashpoints continued this week. At the CEO Banking Forum on Wednesday, the President of Banco BPI, [...]