Banks

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 [...]

The CEOs of Portugal’s main banks have called for “common sense” and “celerity” in resolving Portugal’s political crisis that has seen the resignation of Prime Minister António Costa and the [...]

Text and Photo: Chris Graeme The Governor of the Bank of Portugal, Mário Centeno, has called for prudence when managing a “unique phase” in Portugal’s banking sector. Portugal’s banks enjoyed a [...]

Portuguese high-street bank BCP has fixed the monthly interest repayments on around 300 mortgages. The decision was made on the back of a government measure that aims to protect families from [...]

Portugal’s mutualist bank Banco Montepio is expected to post zero profits for 2023 because of the cost of selling its assets in Angola. The bank posted a loss of €50 million for H1, 2023 and says [...]

Portugal’s Novobanco is preparing to be floated on the Lisbon stock market in 2024 according to its CEO, Mark Bourke. However, he has warned that investor appetite may no be as whetted as it [...]

The CEO of Caixabank in Portugal (BPI) has refuted news that appeared in the Spanish news source Vozpópuli, quoting financial sector sources, that the Spanish bank Caixabank is negotiating to buy [...]

Portugal’s bank BPI posted profits of €390 million to September – an increase of 35% like-for-like on 2022. (€289 million) The bank’s national activities contributed with €324 million, up [...]

Portugal’s mutual bank Banco Montepio has finalised conditions to issue preferential senior debt bonds worth €200 million with a 3-year maturity and a 10% coupon in the first two years — one of [...]

Portugal’s public bank Caixa Geral de Depósitos is to pay €160 million for its new headquarters at Parque das Nações. The bank is closing the purchase of the WellBe building that had also [...]