Banks

The Spanish bank Caixabank, which in Portugal owns the bank BPI, has hired Deloitte to help it to decide if it will make a move to acquire Portugal’s Novobanco according to the Spanish news [...]

That’s according to the US ratings agency Standard & Poors that forecasts the floatation of the decade could double the value of the largest transaction so far over the past five years. “The [...]

Eleven years after the collapse of Portugal’s Banco Espírito Santo, leaving thousands who had invested life savings in supposedly safe covered bonds penniless, the victims say they will lodge a [...]

Novobanco has raised €500 million by issuing covered bonds with a four year maturity with an annual coupon of 2.5% the bank announced on Tuesday. In a communiqué sent to the market, the bank [...]

Bank Millennium in Poland, which is controlled by Portugal’s BCP, enjoyed a first quarter net result of €179 million zlótis (€42.8 million) – an increase of 40% on the same period last year [...]

The volatility in the market caused by US tariffs at the start of April has not dissuaded Novobanco shareholders and directors from pressing ahead with a planned Initial Public Offering (IPO) for [...]

Novobanco is to reduce its capital by €1.1Bn and will pay it out as dividends to its shareholders that will receive €2.2 per share with the main shareholder Lone Star (75%) netting €825 million. [...]

A lack of a homegrown legal regulatory framework in Portugal governing cryptoassets in line with European Regulations on the Crypto Assets Market (MiCA) is not only deterring new companies in [...]

Banco Montepio shareholders have approved a dividend payout on shares totalling €30.6 million. The decision was made at the Portuguese mutual bank’s annual general meeting on 22 April and the [...]

The President of Portugal’s development bank – Banco Português de Fomento – Gonçalo Regalado took stock of his first 100 days in front of the bank this week and outlined the main [...]