Portuguese bank Caixa Geral de Depósitos has sold a white elephant shopping centre built by the developer Martifer at a cost of €65 million. The La Vie shopping centre in Porto has virtually [...]
A letter that was sent to the European Central Bank and the European Commission by the Prime Minister “undermined confidence” and had a “detrimental effect” on the way troubled Portuguese bank [...]
The collapse of three Portuguese banks 10 years ago left a trail of destruction with 14,000 creditors and €7.6Bn going up in smoke. During the economic crisis that began with the collapse of [...]
Novobanco is to put up for sale a portfolio of properties that have been valued at €400 million. According to Jornal Económico, the portfolio includes around 94% of the units of a fund which [...]
Millennium bcp, the Portuguese bank led by Miguel Maya, made €233 million from Project Crow, the biggest property deal in Portugal in 2022 which was sold to Davidson Kempner for €850 million and [...]
The European Commission believes that Portugal’s main banks have violated competition rules for 10 years by sharing information on volumes of credit and spreads that they were applying in a case [...]
The Portuguese Government has released a €600 million credit lifeline to help manufacturing companies offset the rising cost of production costs. The loans, which will have an interest-free grace [...]
The question of a possible merger between BCP and Novobanco has again been circulating in banking circles in Portugal. The Governor of the Bank of Portugal, Mário Centeno said in an interview [...]
Portugal’s banks are urging their clients who may already be in difficulties or anticipate cashflow or loan repayment problem in 2023 to get in contact now. In a bid to avoid a flurry of loan and [...]
Sonae’s Universo as reached an agreement with Bankinter Consumer Finance to create a joint-venture that foresees the combining of Universo businesses with the management entity for the range of [...]
