Portugal’s bank Novobanco has informed that it was decided at its general shareholders meeting on Friday to reorganise the bank’s respective capital. In a communique posted on the securities [...]
The Resolution Fund set up to provide liquidity to Novobanco in the wake of the collapse of Banco Espírito Santo in 2014, recently invested €128.67 million to acquire 4.14% of the capital of [...]
Portuguese bank Novobanco has exited the Cape Verde market after it sold the remaining 10% share it had in IIBCV (International Investment Bank of Cape Verde) to the IIB Group which holds the [...]
Portugal’s banks raked in 20% in interest revenues in the first quarter of the year. However, the banks have admitted that the times of making hay while the sun of high interest rates shines [...]
The consultancy Alvarez & Marsal has evaluated the performance of financial institutions in Portugal in 2023 and come to the conclusion that banks Caixa Geral de Depósitos and Novo Banco were [...]
Investments foreseen for the Banco Português de Fomento’s (BPF) Strategic Recapitalisation Programme have fallen 10% on what had been expected at the start of November. Several companies have [...]
The fallout from various bailouts by the Portuguese government to the country’s banking sector since 2007 is still weighing on Portugal’s public accounts, both in terms of budget balance and [...]
Dozens of crimes relating to the collapse of the Banco Espírito Santo banking empire in 2014 may never be brought to final justice because of Portugal’s statute of limitations, meaning the time [...]
Portuguese high street bank Millennium bcp has signed a contract with the renewables Greenvolt group to be directly supplied with electrical energy derived from photovoltaic self-consumption [...]
Spain’s Banco Bilbao Vizcaya (BBVA), which has had a branch presence in Portugal for 26 years, closed its accounts for the first quarter of 2024 with profits of €2.2Bn, a like-for-like increase [...]
