The Bank of Portugal expects that from January next year banks will no longer be charging customers for bank transfers. It has to do with a new EU regulation that will come into force on 9 [...]
BBVA Research, the economic analysis department of Spanish bank BBVA, has forecast that Portugal’s GDP will slightly overtake that of Spain in 2025. Speaking at a conference on ‘Financial [...]
The CEO of Portuguese public-owned bank Caixa Geral de Depósitos, Paulo Macedo says he will carry on at the helm of the bank for the time being but already has a succession plan in place. The [...]
Portugal’s development bank Banco Português de Fomento has now signed all of the contracts regarding its Venture Capital programme according to online news source ECO citing an official source at [...]
Portugal’s banks are embracing new smart technologies to innovate, better serve their clients and deal with fraud and cybersecurity threats. Maria José Campos, Executive Board Member and COO at [...]
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 [...]
