Banks

The President of State-owned bank Caixa Geral de Depósitos, Paulo Macedo, says the bank has an “obligation” to bring in between €800 million and €1.3Bn in profits per year, ensuring that the bank [...]

Portugal’s banking sector, represented by the Portuguese Banking Association (APB), says it is against a proposed social security levy on company profits. The Portuguese government’s [...]

For the second consecutive year, BCP was once again the star of Portugal’s stock market, Euronext Lisbon. Last year the entire banking sector in Europe continued to benefit from high interest [...]

Portugal’s banking system continued to do well throughout 2024 according to the most recent data released on Thursday by the Bank of Portugal for the third quarter of 2024. The [...]

Kruso Kapital has purchased pledge credit activities from Banco Invest in Portugal, which operated the business under the Popular Economic Credit brand, in an investment that amounts to €11.55 [...]

The Spanish banking group Santander has shown interest in the possibility of growing through acquisitions in the Portuguese market. However, according to Alantra Partners, the bank does not have [...]

The Governor of the Bank of Portugal, Mário Centeno, has renewed his call on the banks to increase their capital cushion in case of a rainy day after the sector posted another year of bumper [...]

American fund Lone Star will reappoint the members of the General and Supervisory Board (CGS) of Novobanco, a body whose competences resemble those of a board of directors and which is led by [...]

The CEO of Spain’s CaixaBank, Gonzalo Gortázar Rotaeche, has ruled out any plans to make acquisitions in the Portuguese banking market, instead opting to continue to grow organically. The Spanish [...]

The ratings agency Moody’s has improved the ratings of seven Portuguese banks because of “improved operational conditions” in Portugal which led to Portugal’s macroeconomic rating being raised to [...]