Portugal’s bank BCP has been awarded an investment grade rating 11 years after the banking crisis in Portugal which saw its rating plummet to speculative or ‘junk’ status. The bank’s CEO Miguel [...]
Portugal’s Mutual Guarantee System has posted losses of €207 million according to the financial report for 2020 published by its development bank Banco Português de Fomento. However, the [...]
A study conducted by the Francisco Manuel dos Santos Foundation has found that Small and Medium Enterprises (SME) have reduced their dependancy on bank financing over the past decade. It also [...]
Portugal’s Novobanco has received no less than 100 offers for its prime site headquarters on Lisbon’s most expensive avenue. The bank, which is mostly owned by the US equity fund Lone Star, and [...]
The Bank of Portugal is said to be running out of patience for a new chairman to take the helm at Portugal’s new development bank Banco de Fomento. A year ago the Government tried to find a [...]
The ‘bad’ bank that remains of Banco Espírito Santo which collapsed in 2014 is making headway on reducing some of its losses. They are now half of what they were when the bank began its winding [...]
Portugal’s State-owned bank Caixa Geral de Depósitos (CGD) has posted a €146 million profit for the first quarter of 2022. It represents an 80% increase like-for-like on 2021 when the bank’s [...]
The entrepreneur and art collector Joe Berardo is to advance with a lawsuit for €900 million in compensation from several Portuguese banks. The collector says the money is to compensate the José [...]
Caixa Geral de Depósitos (CGD) has recommended that the Ministry of Finance should temporarily suspend the sale process of the Banco Comercial do Atlântico (BCA), the largest bank in Cape Verde [...]
BPI bank has seen its profits fall to €49 million of which €29 million were from its Portugal operation. In in domestic operations the bank suffered a fall of €54 million like-for-like on 2021, [...]
