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        Banks

        0
        By Christopher Graeme
        In Banks, Justice, News
        Posted 3 Outubro, 2021

        International arrest warrant issued for banker

        A Lisbon criminal court has issued an international arrest warrant for a convicted banker on the run from Portuguese justice. Ex-banker João Rendeiro had already been the target of a first [...]

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        By Christopher Graeme
        In Banks, Conference, Finance, News
        Posted 1 Outubro, 2021

        Finance leaders attend Sustainable Finance 2021

        ‘Achismo’ simply won’t work on climate risk assessment says BdP director Representatives of Portuguese banks, companies and academic institutions gave presentations at Sustainable Finance 2021 [...]

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        By Christopher Graeme
        In Banks, Justice, News
        Posted 1 Outubro, 2021

        Banker on the run from justice

        A Portuguese judge has broken silence two days after a banker who has stashed €21 million in offshores shows no intention to return to Portugal to serve a 3-year prison sentence for fraud and [...]

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        By Christopher Graeme
        In Banks, News
        Posted 1 Outubro, 2021

        Montepio faces “tens of millions” in losses this year

        The President of the Montepio Geral Mutual Association – a Portuguese mutual bank – Virgílio Lima has admitted that the association is facing “tens of millions” in losses this year [...]

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        By Christopher Graeme
        In AWARD, Banks, News, Personality
        Posted 1 Outubro, 2021

        BPI and La Caixa banker is ‘Personality of the Year’

        Banker Fernando Ulrich has been elected Personality of the Year by the Portuguese Association of Investment, Pension and Property Funds (APFIPP). The banker was given the award in recognition of [...]

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        By Christopher Graeme
        In Banks, Moratoria, Mortgage lending, News
        Posted 1 Outubro, 2021

        Moratoria end for thousands of companies

        The moratoria or bank loan freezes for thousands of families and businesses ended today as customers will once again have to pay the principal and interest on their loans after an 18 month period [...]

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        By Christopher Graeme
        In Banks, Justice, News
        Posted 28 Setembro, 2021

        João Rendeiro sent down for 3 years for fraud

        The ex-president of defunct Banco Privado Português (BPP), João Rendeiro has been sentenced to three years and seven months in prison for qualified fraud. At the root of the lawsuit was a [...]

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        By Christopher Graeme
        In Banks, Green Credit, News
        Posted 27 Setembro, 2021

        Abanca launches green credit

        The CEO of Spanish banking group Abanca has announced the introduction of “greener and more social lines of credit in Portugal. The measure was unveiled at the ‘II Sustainable Finances Meeting: [...]

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        By Christopher Graeme
        In Banks, Insolvencies, News
        Posted 21 Setembro, 2021

        Novo Banco continues to recover debts from sour loans

        Novo Banco is continuing to recover money from Invesfundo III which pertained to a failed Espírito Santo Group (GES) project in Gaia, Porto. It has now received 25% of the €58 million that it [...]

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        By Christopher Graeme
        In AmCham, Banks, Chambers of Commerce, EU Bazooka, In Focus, News
        Posted 19 Setembro, 2021

        Will Portugal’s ‘bazooka’ grants and loans be spent wisely?

        The European Commission has given the green light for Portugal’s Recovery and Resilience Plan. The original draft of the plan was delivered to Brussels on 15 October 2020 and after a period of [...]

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