Banks

The US equity fund and asset manager Lone Star is said to have received two offers for Novobanco – one from the French group BPCE (Banque Populaire, Caisse d’Epargne, and Natixis [...]

Banco Finantia almost doubled its profits last year to €25.3 million it announced on Thursday. The shareholders agreed at its general assembly to award a dividend of €18 million or 12 cents per [...]

Novobanco is working with consultants to have everything ready for a stock market floatation or IPO (Initial Public Offer) for the second half of this month. That, of course, provided its main [...]

Online digital bank Revolut is to open an office in Portugal this summer with an ambition to become the “main bank” for Portuguese clients according to the news agency Lusa quoting the bank’s [...]

The number of people in Portugal taking out mortgages rose to its highest level in April since August 2008 according to data released from the Bank of Portugal released on Friday. “The [...]

If Spain’s CaixaBank snaps up Novobanco and merges it with BPI, it would make the latter the largest clearing bank in Portugal with assets of €83.5Bn, overtaking Millennium bcp which in 2024 had [...]

The US equity fund Lone Star is anxious to resolve the sale or floatation of Novobanco as quickly as possible and is negotiating its possible sale as well as proceeding with preparations for a [...]

Portugal’s main banks CGD, BCP, Novobanco, Santander, BPI and Banco Montepio posted combined net profits of €1.2Bn in the first quarter of 2025. The result was in line with the profits they made [...]

Portugal’s Finances minister, Joaquim Miranda Sarmento has expressed reservations over a possible acquisition bid for Novobanco from Spain’s Caixabank. The minister does not believe it would be a [...]

The MiCA crypto assets regulation, which came into force at the end of 2024, does bring more security for investors but could limit innovation in the financial system and push small Portuguese [...]