Banks

Portugal’s Democratic Alliance (AD), which won the general election a week ago on Sunday, says it does not oppose the transfer of several government departments and ministries to the premises [...]

Novobanco Espanhã will not have to shell out millions in compensation to small investors who ploughed their life’s savings into Banco Espírito Santo bonds and lost everything when the bank [...]

The Portuguese State is to overtake the Resolution Fund to become the second largest shareholder in Novobanco according to changes that will be made at the bank’s annual general assembly meeting [...]

The Portuguese competition authority has given the Spanish bank Abanca the green light to buy Eurobic. The decision not to oppose the buyout was made at the start of March. “The operation is not [...]

After months of denial saying it wasn’t planning to sell its 20% share in Portuguese bank BCP, Chinese shareholder Fosun now says it cannot rule out selling its share if it cannot sell off other [...]

The amount of Non-Performing Loans in Portugal fell 22% in Portugal last year, one of the most expressive falls in Europe. This is according to consultancy Prime Yield that says the credit [...]

Portugal’s banks enjoyed a “tremendous increase” in profits in 2023 on the back of increased interest rates but expect lower profits in 2024 according to the ratings agency DBRS. Despite higher [...]

Crédito Agrícole brought in record profits of €296.8 million in 2023, more than triple the €87.8 million it brought in for 2022 the bank announced on Monday. The bank’s financial margin doubled [...]

Revolut, a financial application popular in the travel segment, is to open a branch office in Portugal and is applying for a national IBAN. In an interview with the news agency Lusa, Rúben [...]

On the back of higher interest rates, the BCP bank managed to multiply its profits four-fold in 2023 to a historic result of €856 million. “They are good results. These days it seems that here is [...]