Portuguese businessman João Gama Leão, whose company Prebuild left Novo Banco with a trail of debts worth €300 million, is yet another voice who has joined the chorus of criticisms levelled at [...]
Portuguese tax payers and the banks may well have spent nearly €11Bn on propping up a bank that otherwise would have failed since it was created in 2014. An audit carried out by Deloitte Portugal [...]
Portugal’s mutual bank Montepio Geral recorded a net loss of almost €17.9 million in 2020 after record losses of 3408 million in 2019. ThE 2019 impairments were largely down to the bank’s [...]
A public inquiry into what went wrong at Banco Espírito Santo and Novo Banco has heard that NB had sold bank loan debts accrued by the Moniz da Maia family for just 10% if its value. Bernardo [...]
Portuguese banker António Horta-Osorio, who turned the fortunes of Lloyds Bank around from 2011, starts work at Credit Suisse today. One of Europe’s longest-serving bank CEOs, he admitted in an [...]
The Portuguese bank BCP has put 111 hectares of prime development land near Lisbon up for sale for the construction of middle class housing. Located in Amadora, between Lisbon and Sintra, the [...]
The CEO of Novo Banco says that he and other management figures at the bank have suffered threats from those to whom it has lent money, for simply doing its job trying to claw back outstanding [...]
Portugal’s new development bank Banco Português de Fomento turned down a €30 million loan request from removals king Alfredo Casimiro to help save Groundforce. According to a document that news [...]
The former president of BPP, a private bank which specialised in managing fortunes, has launched a book in a bid to clean his tarnished reputation in the banking sector. João Rendeiro was [...]
Novo Banco financed the buyer of the luxury residential tourism development Herdade do Pinheirinho in a loan that had not been included in the sale contract. In 2020, Vic Properties won a bid to [...]
