The entity given the responsibility for approving the directors of Portugal’s new development bank, Banco Português de Fomento, has approved the executive team. CRESAP – the Commission for [...]
The report from the parliamentary inquiry commission into mismanagement and reckless lending at BES and selling assets under value at Novo Banco has reached a damning verdict. Fernando Anastácio, [...]
Novo Banco will offer another bad loan portfolio to investors – this time worth €640 million. The portfolio called Project Harvey includes 20 big debtor loans according to sources consulted [...]
The Portuguese tax payer may have to foot the bill for a €31 million debt to the public bank Caixa Geral de Depósitos taken out by former Benfica football boss Luís Filipe Vieira. The Public [...]
Portugal’s public bank Caixa Geral de Depósitos has finally been removed from rating agency Moody’s ‘junk’ list. It means that following a long and difficult restructuring process led by the [...]
Luís Filipe Vieira who has temporarily suspended his mandate as president of Benfica Football Club until he clears his name from €100 million fraud and tax evasion charges has been placed under [...]
Cryptocurrencies like Bitcoin, Etherium and Dogecoin are here to stay argues Patrícia Akester founder of Lisbon-based Intellectual Property Office, but invest with care. The importance of Fintech [...]
The Canadian ratings agency DBRS has issued a warning over Montepio’s poor profitability and high NPL ratios which threaten to downgrade the bank’s credit rating. The agency has maintained the [...]
The Resolution Fund which has provided cash to keep Novo Banco’s capital ratio levels financially viable since 2015, has hired PwC to decide if the bank needs to draw on €112 million from the [...]
The end of the moratoria on household loans to Portuguese families could lead to credit default of up to €1.32Bn. This is according to consumer watchdog organisation Deco Protest whose economist [...]
