Banks

The Bank of Portugal has finally given the green light to the appointment of the administrative board for Portugal’s new development bank Banco Português de Fomento. However, another [...]

Portugal’s Banco Comercial Português (BCP) has closed the sale of Banque Privée BCP in Switzerland. It was sold to the Union Bancaire Privée (UPB) which acquired the entire capital share. The [...]

EuroBic closed 2020 with a €5 million loss because of the Covid-19 pandemic. Luanda Leaks also affected the business with the bank setting aside €5 million to deal with cases linked to the [...]

The Portuguese businessman, investor and speculator who amassed the world-famous modern art collection ‘The Berardo Collection’ housed in Lisbon, has been arrested by police on fraud charges. The [...]

The CEO of public bank Caixa Geral de Depósitos has promised there will be no further hikes in bank charges for the foreseeable future. Paulo Macedo said that the answer to low banking sector [...]

Portuguese bank Millennium bcp has signed two agreements, one with the Portuguese Industrial Association (AIP) and the other with the Portuguese Farmers Confederation (CAP) which will provide the [...]

A high profile parliamentary inquiry into mismanagement and losses at a private bank which has eaten up billions in public money is drawing to a close. The hearings conducted by the commission [...]

Two of Portugal’s large high street banks are to make hundreds redundant this year as the switch to digital online and mobile banking reduces the need for customers to visit branches. It is a [...]

The Bank of Portugal has awarded just two licences to cryptocurrency dealers out of five applications. It has lead to criticisms that the supervisor and regulator is dragging its feet and [...]

The lockdowns imposed by the government and fears over jobs and the future of the economy have led families in Portugal to save considerably more in 2020 than they did in 2019. This is according [...]