It now seems almost certain that the Spanish bank Abanca will strengthen its position in Portugal by purchasing EuroBic. There is said to be an agreement between Angolan shareholders which hold a [...]
Spanish bank Abanca, which has a presence in Portugal, posted profits of 381.2 million for the first quarter of 2022. It was a like-for-like increase of 13.2% which the bank says is down to good [...]
Government and banking sector bailouts for Portugal’s banks have been the highest in the European Union. More than a decade after the global financial crisis, which led to various countries in [...]
Novobanco has once again handed out bonuses to its directors, this time worth €1.6 million. In 2020 it handed out bonuses of €1.9 million according to its financial report of 2020. Despite [...]
Controversial banker António Horta Osório says “Portugal lacks ambition” because its people are satisfied with earning €1,100 to €1,200 a month. In an interview with Público, the banker said [...]
Novobanco is to advance with the sale of its headquarters on Lisbon’s Avenida da Liberdade – the price tag? €100 million. The bank will abandon its prime location on Lisbon’s most expensive [...]
Portugal’s State Budget for 2022 has a kitty of around €300 million to help entities linked to Portugal’s failed private banks Banif and the Banco Português de Negócios (BPN). In the budget [...]
Miguel Maya, the CEO of bank Millennium bcp said cutting staff was “perhaps the toughest process” that he has had to deal with in his professional life. In an interview with business daily [...]
Two founders of the Russian bank Promsvyazbank, one of the banks sanctioned by the EU because of the Ukraine war, have bought up properties in Alvor, Portimão. The two multimillionaire bothers [...]
The Portuguese mutual association Montepio Geral has posted a profit of €40 million for 2021. The financial institution presented its annual financial report for 2021 to its Representative [...]
