The Angolan State petroleum company Sonangol is facing increased pressure to sell its 19.5% stake in bank BCP. However, the company’s president Sebastião Martins says it has no plans to do so. [...]
Novobanco has authorised a banking syndicate to place €500 million in covered bonds onto the market. This is according to Bloomberg that said the operation was led by Barclays together with [...]
Portuguese State-owned bank Caixa Geral de Depósitos announced on Monday that it had formally completed the acquisition of the WellBe building in the city’s Parque das Nações district that will [...]
Novobanco has posted record results of €743 million in its first year operating as a normal bank after years in which it was propped up by the Portuguese tax payer. It was a result that led the [...]
The bank BPI has posted profits of €524 million in 2023, an increase of 45% on last year on the back of interest rates. Portugal contributed €444 million to the profits of the bank controlled by [...]
The ratings agency Fitch has upgraded Novobanco’s investment rating after the bank had presented significant improvements since it was bought out by US equities and asset management fund Lone [...]
Portugal’s banking sector is continuing to err on the side of caution and prudence when it comes to providing credit to companies. Business daily Negócios reports that month-on-month the amount [...]
Portugal’s banks are expected to announce significant profits for 2023 from Friday as they present their annual results. Profits are likely to be well above results in 2022, and will hit a new [...]
The Portuguese Association of Banks (APB) has changes its statutes to allow a new member to join – Portugal’s development bank, Banco Português de Fomento. In September, the APB led by [...]
The Chairman of BCP says the bank is in a strong position after 5.6% of its capital was sold by its main shareholder, the Chinese company Fosun. Nuno Amado said the sale was “not worrying” and [...]
