Banks

Banco Português de Gestão, a small bank belonging to the foundation Fundação Oriente, which posted debts of €6 million in 2023, is to be sold to the Chinese group Vcredit. Although the Banco [...]

British Fintech Revolut, which has just set up an office in Portugal, is close to netting 1,300,000 clients in the country with a target to increase this figure to 1.5 million. This is according [...]

A Russian-born Kazakhstani entrepreneur says he is interested in acquiring a small Portuguese bank to increase his company’s portfolio profile in Europe. Timur Turlov, 36, the CEO of Freedom [...]

The President of Portugal’s banking association, Vítor Bento, has warned that the government’s modest 1.2% of GDP (€3.193Bn in 2023) should not be a reason to give a breather for more government [...]

Norges Bank, which runs Norway’s sovereign fund, informed the Portuguese energy giant EDP that it had “reduced its capital share” in the electricity and renewables company to 4.9% along with [...]

The Bank of Portugal is to give the green light for the sale of the Banco Atlântico Europa to the Well Link group headquartered in Hong Kong. In anticipation for the sale, which was previously [...]

The CEO of Caixa Geral de Depósitos, Paulo Macedo said this week that if the public bank were to be privatised, it would immediately fall into the hands of overseas shareholders because Portugal [...]

Portugal’s Democratic Alliance (AD), which won the general election a week ago on Sunday, says it does not oppose the transfer of several government departments and ministries to the premises [...]

Novobanco Espanhã will not have to shell out millions in compensation to small investors who ploughed their life’s savings into Banco Espírito Santo bonds and lost everything when the bank [...]

The Portuguese State is to overtake the Resolution Fund to become the second largest shareholder in Novobanco according to changes that will be made at the bank’s annual general assembly meeting [...]