The President of Portugal’s Public Finances entity, Nazaré Costa Cabral warned this week that the amount the Government were pumping into Novo Banco could cost more than the €3.89Bn in loans from [...]

An international banking expert and author of a study into banking resolutions says that the windup option chosen for Banco Espírito Santo, which failed in 2014, was the best on the table at the [...]

Novo Banco has decided to pull out of Spain after six years of losses totalling €450 million. Novo Banco has decided to pull out of Spain after six years of losses totalling €450 million. António [...]

A new Government-owned national development bank is to be created by merging IFD (Instituição Financeira de Desenvolvimento) and PME Investment into SPGM. It will mean the creation of a new bank [...]

The insurance company Fidelidade has purchased €1.4 million worth of BCP perpetual bonds. The bank communicated the information to the market about Fidelidade’s acquisition of its perpetual long [...]

The European Commission issued a warning today (20 May) that Portugal’s banks could be exposed to the Angolan slump whose oil-reliant economy is suffering as a result in the international [...]

Portugal’s BCP bank saw profits tumble by 77% in the first quarter of 2020 to register a net profit of €35 million. The bank explained the fall on the pandemic which shut down the economy in [...]

The outgoing governor of the Bank of Portugal Carlos Costa says that Mário Centeno could be a “great governor” to lead the country’s central bank. In an interview with the weekend newspaper [...]

Portuguese banks lent €952 million for mortgages in March bringing the total for home loans for the first quarter of 2020 to €2.84Bn. It was the quarter with the highest amount of credit lent by [...]

Clients of bank Santander Totta have applied for grace periods on loans worth €9Bn. In all they represent 82,000 families and companies adding up to 25% of all the bank’s personal clients and 40% [...]