The leader of Portugal’s populist far-right party Chega, André Ventura, criticised Portugal’s banks at the closure of the 6th Chega National Congress last week. “Isn’t it high time for the banks [...]
Novobanco closed 2023 with the sale of real estate assets worth €70 million with the sale of Arade in Portimão to Lintinvest for €30 million and Cabanas Golf in Oeiras to RE Capital for €40 [...]
The Portuguese bank BCP is to undertake an early refund of €400 million, plus interest, in perpetual bonds according to a communiqué sent to the Portuguese stock market commission (CMVM). “The [...]
Banco Comercial Português (BCP) shares took a 6% tumble on Thursday because of a decision from the European Court of Justice (ECJ) which was unfavourable for the bank in Poland on mortgages taken [...]
The stock of non-performing loans in Portugal’s financial system has fallen by 70% over the past four years according to the consultants Prime Yield. According to a report in business daily [...]
A former manager at Novobanco in Spain is being investigated for swindling 80 clients from around €50 million in a Ponzi scheme, with a court ordering the bank to stump up a third-party bond of [...]
Portuguese bank Millennium bcp has returned to the STOXX Europe 600, the stock market on which the 600 main European companies are listed and a key reference for the biggest investors in European [...]
The magazine The Banker has voted Novobanco the ‘Bank of the Year’ in Portugal. The magazine, which belongs to the Financial Times, highlights the bank’s robust commercial and financial [...]
The Portuguese group Sonae and Bankinter Consumer Finance completed a joint-venture on Thursday (November 30) which included the sale of 50% of Universo which will be held in equal parts by the [...]
The Spanish bank Abanca is now the owner of Portuguese bank Eurobic that will close 2023 with an expected record profit of just over €100 million. The bank, which was sold for €300 million, [...]
