Banks

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 [...]

A massive building in Lisbon which is a temple to money could be rented or exchanged by the Portuguese government. The architecturally controversial headquarters of State-owned bank Caixa Geral [...]

Portugal benefitted from more funds from the European Investment Bank last year than almost any other country in the European Union. Financing from the bank reached a record amount in 2021 with [...]

State-owned bank Caixa Geral de Depósitos (CGD) recorded profits of €583 million in 2021, an increase of 18.7% in relation to 2020. The bank did not release the sum in dividends it would [...]

Three Portuguese banks were among national banks to be ‘stress tested’ in terms of their overall financial health by the European Central Bank. Caixa Geral de Depósitos (CGD), BCP, and Novobanco [...]

Portugal’s public ministry is to push for a 10-year custodial sentence for the former banking tycoon Ricardo Salgado who presided over the fall of Portugal’s oldest and most respected bank, Banco [...]

The Government is said to be on the point of closing a “private” loan to Portuguese airline TAP. The loan will be made through a bank syndicate involving State-owned bank Caixa Geral de Depósitos [...]

Portuguese mutual bank Montepio has registered profits of €6.6 million for 2021 after recording losses in 2020 of €80.7 million. The bank informed the market via the Portuguese stock market [...]

Novobanco has sold properties belonging to a luxury resort in Cape Verde which owed €90 million to now extinct Banco Espírito Santo (BES). The company that had owned it, developer Tecnicil had [...]

Portugal’s state-owned bank Caixa Geral de Depósitos has been given the green light to repurchase debts that have already cost €270 million in interest. The bank run by Paulo Macedo has [...]