The bank BPI has posted profits of €524 million in 2023, an increase of 45% on last year on the back of interest rates. Portugal contributed €444 million to the profits of the bank controlled by [...]
The ratings agency Fitch has upgraded Novobanco’s investment rating after the bank had presented significant improvements since it was bought out by US equities and asset management fund Lone [...]
Portugal’s banking sector is continuing to err on the side of caution and prudence when it comes to providing credit to companies. Business daily Negócios reports that month-on-month the amount [...]
Portugal’s banks are expected to announce significant profits for 2023 from Friday as they present their annual results. Profits are likely to be well above results in 2022, and will hit a new [...]
The Portuguese Association of Banks (APB) has changes its statutes to allow a new member to join – Portugal’s development bank, Banco Português de Fomento. In September, the APB led by [...]
The Chairman of BCP says the bank is in a strong position after 5.6% of its capital was sold by its main shareholder, the Chinese company Fosun. Nuno Amado said the sale was “not worrying” and [...]
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 [...]
