Portuguese families have never had so much money in deposit accounts – €189Bn in June this year. Deposits increased by €2.3Bn in June, up 7.2% like-for-like on the previous month and the [...]
Once problematic European banks, like Portugal’s Novobanco that suffered during the great financial crisis 10 years ago, are now in a prime position for IPOs and sell-offs according to the [...]
The investment house AlphaValue/Baader has adjusted its expectations regarding the performance of BCP shares over the next 12 months. As a result it has reduced the target price of the bank led [...]
SIBS, the card payment services company that operates Portugal’s network of Multibanco ATM machines, has thrown the controversial issue of charges for using MB Way services squarely into the [...]
José Guilherme, the Amadora builder and close friend of the former president of the Espírito Santo Group, Ricardo Salgado, has died at the age of 85. Guilherme became famous or infamous for his [...]
The Bank of Portugal is looking into the possibility of charges levied on MB Way transfers and their respective impacts on consumers. It comes after the consumer watchdog Deco warned of the risk [...]
The children of the second most important director at the failed bank Banco Espírito Santo which collapsed in 2014, are trying unblock funds belonging to their father, Amílcar Morais Pires who [...]
A company hoping for millions of investment in European funding disbursed through Portugal’s development bank has had its application rejected despite initially being preliminarily accepted on [...]
The European Court of Justice has agreed with the Court of Competition that information exchanges between banks in Portugal, however isolated, amount to the behaviour of running a cartel, thereby [...]
Portugal’s banking sector has closed 801 branches and shed 3,700 jobs over the past five years in the biggest shake-up and restructuring in the sector’s history. However, the process of slimming [...]
