Banks

Portugal’s banks raked in 20% in interest revenues in the first quarter of the year. However, the banks have admitted that the times of making hay while the sun of high interest rates shines [...]

The consultancy Alvarez & Marsal has evaluated the performance of financial institutions in Portugal in 2023 and come to the conclusion that banks Caixa Geral de Depósitos and Novo Banco were [...]

Investments foreseen for the Banco Português de Fomento’s (BPF) Strategic Recapitalisation Programme have fallen 10% on what had been expected at the start of November. Several companies have [...]

The fallout from various bailouts by the Portuguese government to the country’s banking sector since 2007 is still weighing on Portugal’s public accounts, both in terms of budget balance and [...]

Dozens of crimes relating to the collapse of the Banco Espírito Santo banking empire in 2014 may never be brought to final justice because of Portugal’s statute of limitations, meaning the time [...]

Portuguese high street bank Millennium bcp has signed a contract with the renewables Greenvolt group to be directly supplied with electrical energy derived from photovoltaic self-consumption [...]

Spain’s Banco Bilbao Vizcaya (BBVA), which has had a branch presence in Portugal for 26 years, closed its accounts for the first quarter of 2024 with profits of €2.2Bn, a like-for-like increase [...]

The second largest Swiss bank specialising in managing private fortunes, Julius Baer Group AG, is to open a bank in Portugal in 2025. It comes after a Portuguese team of ex-Credit Suisse [...]

The Portuguese venture capital company Lince Capital has slapped a lawsuit on Portugal’s State-owned development bank Banco de Fomento demanding over €1 million in damages. Online news source ECO [...]

Bison Bank, which is led by António Henriques, is to begin mortgage lending services in partnership with UCI. The new service has been developed with overseas house buyers in mind on the back of [...]