The second largest Swiss bank specialising in managing private fortunes, Julius Baer Group AG, is to open a bank in Portugal in 2025. It comes after a Portuguese team of ex-Credit Suisse [...]
The Portuguese venture capital company Lince Capital has slapped a lawsuit on Portugal’s State-owned development bank Banco de Fomento demanding over €1 million in damages. Online news source ECO [...]
Bison Bank, which is led by António Henriques, is to begin mortgage lending services in partnership with UCI. The new service has been developed with overseas house buyers in mind on the back of [...]
Banco Português de Gestão, a small bank belonging to the foundation Fundação Oriente, which posted debts of €6 million in 2023, is to be sold to the Chinese group Vcredit. Although the Banco [...]
British Fintech Revolut, which has just set up an office in Portugal, is close to netting 1,300,000 clients in the country with a target to increase this figure to 1.5 million. This is according [...]
A Russian-born Kazakhstani entrepreneur says he is interested in acquiring a small Portuguese bank to increase his company’s portfolio profile in Europe. Timur Turlov, 36, the CEO of Freedom [...]
The President of Portugal’s banking association, Vítor Bento, has warned that the government’s modest 1.2% of GDP (€3.193Bn in 2023) should not be a reason to give a breather for more government [...]
Norges Bank, which runs Norway’s sovereign fund, informed the Portuguese energy giant EDP that it had “reduced its capital share” in the electricity and renewables company to 4.9% along with [...]
The Bank of Portugal is to give the green light for the sale of the Banco Atlântico Europa to the Well Link group headquartered in Hong Kong. In anticipation for the sale, which was previously [...]
The CEO of Caixa Geral de Depósitos, Paulo Macedo said this week that if the public bank were to be privatised, it would immediately fall into the hands of overseas shareholders because Portugal [...]
