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        Banks

        0
        By Christopher Graeme
        In Banks, News
        Posted 17 Novembro, 2021

        Montepio rules out sale

        The current president of mutual bank Montepio has ruled out the bank being sold off and has stressed that the bank does not require further capitalisation. In an interview with newspaper SOL, [...]

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        By Christopher Graeme
        In Banks, Central Bank, News, Public debt
        Posted 3 Novembro, 2021

        Public debt down to 131.4% of GDP

        Portugal’s public debt is continuing to gradually go down for the third consecutive month and was down to €271.5Bn by the end of September. This is according to the latest figures from the Bank [...]

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        By Christopher Graeme
        In Banks, News, Novo Banco
        Posted 1 Novembro, 2021

        NB needs €2Bn by 2026

        Novo Banco, which has just unveiled a new brand image to cast aside its links with failed bank BES, may well have to go to the market and borrow €2Bn to 2026. The bank led by António Ramalho will [...]

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        By Christopher Graeme
        In Banks, Brands, News, Novo Banco
        Posted 25 Outubro, 2021

        Novo Banco unveils new brand image

        Portugal’s Novo Banco unveiled its new image today which represents a new chapter in the bank’s life and is part of a marketing campaign aimed at distancing itself from the debts, scandals, [...]

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        By Christopher Graeme
        In AWARD, Banks, News
        Posted 19 Outubro, 2021

        BCP ‘Best Digital Bank’ in Portugal

        Millennium bcp has been elected the ‘Best Digital Bank’ in Portugal by the magazine Global Finance in its ‘World’s Best Digital Bank Awards 2021’. The magazine also distinguished BCP with the [...]

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        By Christopher Graeme
        In Banks, Justice, News
        Posted 19 Outubro, 2021

        The banker, his wife, the chauffeur and his daughter

        João Rendeiro transferred patrimony to taxi association boss… The former banker and one-time president of Portuguese failed investment bank BPP transferred his property to a taxi driver [...]

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        By Christopher Graeme
        In Banks, News, Novo Banco
        Posted 18 Outubro, 2021

        Novo Banco unveils “new look” this week

        Novo Banco, led by António Ramalho, will unveil a new brand image to its staff on Friday and to the public on Monday. The bank has informed customers that branches will operate at reduced hours [...]

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        By Christopher Graeme
        In Banks, News, Telecoms
        Posted 13 Outubro, 2021

        Santander deals blow to Nos

        The multinational bank Santander has dealt a heavy blow to the Portuguese telecoms company Nos by cutting its investment recommendation by 3.5%. It means that in the opinion of its analysts when [...]

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        By Christopher Graeme
        In Banks, Justice, News
        Posted 6 Outubro, 2021

        Ex-BPP director returns to Portugal

        One of the former directors of failed private bank BPP who is facing a court hearing linked to serious economic and financial crimes is returning to Portugal this week from Brazil. Paulo Guichard [...]

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        By Christopher Graeme
        In Banks, News
        Posted 6 Outubro, 2021

        CGD opens office in Luxembourg

        After opening a representation office in South Africa earlier this year, Caixa Geral de Depósitos has now opened one in Luxembourg to better serve the enormous Portuguese community of 95,000 [...]

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