The bosses of some of Portugal’s main banks said they were not generally concerned that they would face an avalanche of credit defaults over inflation and higher interest rates. Speaking at the [...]
Novobanco and Banco Best have been ordered by a court to return €200,000 plus interest to a saver whose investments were swallowed up by the 2014 BES bonds fiasco. The saver had unwittingly [...]
Portugal’s Banco de Fomento (BPF) has appointed Hugo Roxa as its executive director to replace Tiago Simões de Almeida who resigned this week. “We are beginning a fit and proper process with the [...]
Portugal’s banking sector has not felt any “turbulence” whatsoever regarding customers withdrawing their savings deposits. Paulo Macedo, the CEO of State-owned Caixa Geral de Depósitos said that [...]
The Portuguese stock and financial markets regulator CMVM stated over the weekend that Portugal faces no direct impact from either the Credit Suisse or US banks crises. The President of the CMVM, [...]
The start of this year left companies and investors jittery, but with three tailwinds for 2023 there are reasons to be cautiously optimistic according to Leslie Rubio, Managing Director and [...]
Portuguese startups exposure to the fallout from the collapse of US tech bank SVB is negligible according to a leading venture capital fund founder. Stephan Morais, Managing General Partner and [...]
Novobanco managed to triple its positive results in 2022 with profits of €560.8 million. Its profits were €184.5 million in 2021. In a communiqué to the market, the bank which has received around [...]
The average interest rate on new fixed-term savings deposits increased 0.56% in January, the highest rate rise in 11 years. It removes Portugal from the lower ranks of the Euro Zone interest on [...]
The bank Banif Brasil is to be sold off at the end of this month for the symbolic price of 1 Brazilian real (18 cents) to Banco Master. The buyer has affirmed that it is interested in beginning [...]
