Portugal’s development bank Banco de Fomento has banned venture capital companies from buying company shareholdings on the back of the Programa Consolidar (Consolidate Programme – one of [...]
Novobanco is preparing a reorganisation of is asset management businesses in which it will concentrate the activities and assets of various management companies into one “super” manager that will [...]
A leading Portuguese banker said on Tuesday that increasing interest rates for small investors with €1000 or so just isn’t worth it for the banks and would cost them a small fortune. However, [...]
The Swiss digital bank Radicant has set up its Centre for European Innovation in Portugal. Radicant, founded in 2021, is the first Swiss digital bank dedicated to sustainable investments and its [...]
Novobanco is to again attempt to sell the €37 million debt attached to a hotel in Figueira da Foz which has been nicknamed the ‘Titanic’ because of its shape. The hotel Eurostars Oasis Plaza was [...]
The Portuguese Parliament’s Budget and Finance Committee has urgently called the secretary of State of Finances to account for the Government’s decision to end Series E Saving Bonds and introduce [...]
Portugal’s main high street banks Santander Totta, BPI, BCP and Novobanco have begun marketing various portfolios of Non-Performing Loans after an inactive first half of the year. The banks are [...]
Portugal’s largest mutual association Montepio Geral (AAMG) posted profits of €90.8 million in 2022, an increase of 26.9% like-for-like on 2021. The profit was helped by positive results across [...]
Novobanco’s Land Bank €400 million real estate portfolio comprising five assets, including a large 130,000m2 parcel of land in Amoreiras and another piece of land in Olivais, has attracted the [...]
Novobanco’s Land Bank €400 million real estate portfolio comprising five assets, including a large 130,000m2 parcel of land in Amoreiras and another piece of land in Olivais, has attracted the [...]
