Banks

Bison Bank, a Portuguese bank specialised in investment banking and wealth management, posted results of €2.5 million for 2024, compared to the €0.6 million it registered for the same period in [...]

Losses incurred by Banco Espírito Santo which collapsed 12 years ago in 2014 have dropped to €402.2 million. However, the bank which is in an ongoing liquidation process continues to be inundated [...]

Portugal’s bank Millennium bcp has informed the securities regulator CMVM that its covered bonds will no longer be rated by the Canadian ratings agency Morningstar DBRS at its own request as of [...]

The Bank of Portugal has revealed that Portugal’s banks have a safety net with some €6.2Bn to cover unexpected losses. Relating to 2024, these reserves known in ‘bankalese’ as Combined Buffer [...]

An estate near Sessimbra in Portugal, which was in the hands of Novobanco, was sold at a knock-down price to the wife of one of the former managers of US firm Lone Star which holds a 75% stake in [...]

The Swiss private wealth management bank and advisory company Julius Baer has found an office in Lisbon from which it plans to begin operations in September as a part of a push in Southern [...]

Portugal’s development bank, Banco Português de Fomento, is to launch four new financial instruments to support companies. And to boost investment, BPF has sent 125,000 pre-approved guarantees [...]

Haitong Bank posted profits of €5 million in 2024, a fall of 70% on the €17 million in 2023. In a note sent to the Portuguese stock market and securities commission CMVM on Friday, the private [...]

Millennium BCP announced on Thursday that it has launched a call for offers for the purchase of a tier 2 bond issue worth €300 million maturing in 2027. The bonds were issued in December 2017 at [...]

A new valuation of Novobanco, this time by JB Capital, has upped the bank’s value to as much as €7Bn at the top end of the value scale. The Portuguese bank is currently being prepared for an [...]