The stock of non-performing loans in Portugal’s financial system has fallen by 70% over the past four years according to the consultants Prime Yield. According to a report in business daily [...]
A former manager at Novobanco in Spain is being investigated for swindling 80 clients from around €50 million in a Ponzi scheme, with a court ordering the bank to stump up a third-party bond of [...]
Portuguese bank Millennium bcp has returned to the STOXX Europe 600, the stock market on which the 600 main European companies are listed and a key reference for the biggest investors in European [...]
The magazine The Banker has voted Novobanco the ‘Bank of the Year’ in Portugal. The magazine, which belongs to the Financial Times, highlights the bank’s robust commercial and financial [...]
The Portuguese group Sonae and Bankinter Consumer Finance completed a joint-venture on Thursday (November 30) which included the sale of 50% of Universo which will be held in equal parts by the [...]
The Spanish bank Abanca is now the owner of Portuguese bank Eurobic that will close 2023 with an expected record profit of just over €100 million. The bank, which was sold for €300 million, [...]
Crédito Agrícola more than doubled it’s profits in the first nine months of the year to €224.4 million, an increase of 139.3% compared to the same period last year, having exceeded total profits [...]
Crédito Agrícola more than doubled it’s profits in the first nine months of the year to €224.4 million, an increase of 139.3% compared to the same period last year, having exceeded total profits [...]
Portuguese bank BCP is continuing to clear its balance sheet of problematic assets by putting €80 million worth of Non-Performing Loans and properties on the market. Project Grace includes around [...]
The bosses of Portugal’s ‘big five’ banks CGD, BCP, Novobanco, Santander Totta and BPI said they weren’t worried about the Bank of Portugal’s insistence that their financial institutions set [...]
