The president of Novobanco, António Ramalho, has announced to the bank’s supervisory board of directors that he will step down in August but will remain on as a consultant. The news was broken by [...]
Four banks in Portugal have reached an agreement to split the assets of ECS Capital. Founded in 2006, ECS is a private equity and restructuring firm focused on the Portuguese market. ECS [...]
Portugal’s new government is to move its centre of operations to the same building which is currently the headquarters of the State-owned bank Caixa Geral de Depósitos in Lisbon’s Campo [...]
Lone Star, the US investment fund who owns 75% of Novobanco, says the bank’s CEO acted with “total integrity” regarding ex-Benfica boss Luís Filipe Vieira who left the bank with millions owing [...]
The Montepio Mutualist Association is to build six buildings at Quinta do Pinheiro in Porto. In a real estate project that had been on ice for 20 years, Montepio has now signed a contract with a [...]
Portugal’s minister of Finance, João Leão has warned that Russia could default on its loans by effectively paying the interest on loans in roubles. As he left a meeting of the Euro Zone’s finance [...]
The collective of banks in Portugal made profits of €1.5Bn with an average profitability of 5% against a target of 10%. Novobanco exceeded the results of bank BCP both in terms of net results and [...]
Despite making a profit in 2021, Novobanco, the bank led by António Ramalho, has gone cap-in-hand to the Resolution Fund for €209.2 million to bolster a shortfall in its capital ratio of 12%. The [...]
The banking group Millennium bcp has posted a net result of €138.1 million for 2021. It was a result “influenced by €532.6 million in costs associated to a portfolio of credits in Swiss francs [...]
Millennium bcp (Banco Comercial Portugues), which holds a 50% stake in Polish bank Bank Millennium), says it is only facing “immaterial non-credit exposure” from regional instability [...]
