Banks

Falling interest rates will reflect on Portugal’s banking sector resulting in lower profits in 2025 than have been the case over the past four years. Nevertheless, profits will continue to be [...]

The shares of Portuguese high street bank BCP exceeded the psychological barrier of 50 cents per share on Monday (20/1) for the first time since May 2016. The increase drove the value of BCP [...]

The US asset management firm Lone Star that holds the controlling share in Portugal’s Novobanco is said to be “selecting advisors” to explore a possible sale or Initial Public Offer (IPO). [...]

The President of State-owned bank Caixa Geral de Depósitos, Paulo Macedo, says the bank has an “obligation” to bring in between €800 million and €1.3Bn in profits per year, ensuring that the bank [...]

Portugal’s banking sector, represented by the Portuguese Banking Association (APB), says it is against a proposed social security levy on company profits. The Portuguese government’s [...]

For the second consecutive year, BCP was once again the star of Portugal’s stock market, Euronext Lisbon. Last year the entire banking sector in Europe continued to benefit from high interest [...]

Portugal’s banking system continued to do well throughout 2024 according to the most recent data released on Thursday by the Bank of Portugal for the third quarter of 2024. The [...]

Kruso Kapital has purchased pledge credit activities from Banco Invest in Portugal, which operated the business under the Popular Economic Credit brand, in an investment that amounts to €11.55 [...]

The Spanish banking group Santander has shown interest in the possibility of growing through acquisitions in the Portuguese market. However, according to Alantra Partners, the bank does not have [...]

The Governor of the Bank of Portugal, Mário Centeno, has renewed his call on the banks to increase their capital cushion in case of a rainy day after the sector posted another year of bumper [...]