Banks

Portugal’s Finances minister, Joaquim Miranda Sarmento has expressed reservations over a possible acquisition bid for Novobanco from Spain’s Caixabank. The minister does not believe it would be a [...]

The MiCA crypto assets regulation, which came into force at the end of 2024, does bring more security for investors but could limit innovation in the financial system and push small Portuguese [...]

The Spanish bank Caixabank, which in Portugal owns the bank BPI, has hired Deloitte to help it to decide if it will make a move to acquire Portugal’s Novobanco according to the Spanish news [...]

That’s according to the US ratings agency Standard & Poors that forecasts the floatation of the decade could double the value of the largest transaction so far over the past five years. “The [...]

Eleven years after the collapse of Portugal’s Banco Espírito Santo, leaving thousands who had invested life savings in supposedly safe covered bonds penniless, the victims say they will lodge a [...]

Novobanco has raised €500 million by issuing covered bonds with a four year maturity with an annual coupon of 2.5% the bank announced on Tuesday. In a communiqué sent to the market, the bank [...]

Bank Millennium in Poland, which is controlled by Portugal’s BCP, enjoyed a first quarter net result of €179 million zlótis (€42.8 million) – an increase of 40% on the same period last year [...]

The volatility in the market caused by US tariffs at the start of April has not dissuaded Novobanco shareholders and directors from pressing ahead with a planned Initial Public Offering (IPO) for [...]

Novobanco is to reduce its capital by €1.1Bn and will pay it out as dividends to its shareholders that will receive €2.2 per share with the main shareholder Lone Star (75%) netting €825 million. [...]

A lack of a homegrown legal regulatory framework in Portugal governing cryptoassets in line with European Regulations on the Crypto Assets Market (MiCA) is not only deterring new companies in [...]