Portugal’s four largest banks enjoyed profits of €4.4Bn in 2025 with Caixa Geral de Depósitos bringing in €1.9Bn – collectively profits were up 5% on 2024. The increase in profits is driven [...]
Portuguese bank Millennium bcp has reported a record profit of €1.02Bn for 2025. Millennium BCP reported a record net profit of €1.02Bn on Wednesday, a 12.4% increase compared to the previous [...]
Portugal’s State-owned bank, Caixa Geral de Depósitos is considering increasing its shareholding in one of Portugal’s largest insurers, Fidelidade. The public bank sold the insurer to the Chinese [...]
Novo Banco has entered the cryptocurrency business, albeit not directly. Novo Banco’s trading platform has started to provide instruments that replicate the evolution of these products. [...]
Portugal’s banks have never been so awash with money from savings in deposit accounts as they are now. The amount of money plowed into savings accounts increased 4.5% in 2025 to €8.3Bn for the [...]
Bison Bank is to integrate Bison Digital Assets into its main structure to become the first cryptobank in Portugal. The bank also intends to make technology and know-how available to clients to [...]
The US ratings agency Fitch has raised the rating of Spanish bank Abanca for the second time in a year to BBB+ with a stable outlook. The agency highlights the improved structure of its assets [...]
The European Parliament has flagged up Portugal’s former central bank governor, Mário Centeno and Latvia economist Mārtiņš Kazāks as preferred front runners for the vice-presidency of the [...]
Novo Banco has withheld about €1 billion from Venezuelan companies – money that was blocked to Venezuelan public companies in 2019, Expresso revealed this Friday. Some €300 million has [...]
Portugal’s ex-director of taxes, José Azevedo Pereira, who was until recently CEO of Eurobic, has been appointed to lead the country’s mutualist bank Montepio. It means that current CEO, Pedro [...]
