Up to 30% of €30Bn in moratoria granted by the Portuguese government and banking system to alleviate monthly payments of the principal and/or interest on company and other loans is at risk of [...]
The Portuguese state-owned bank Caixa Geral de Depósitos announced this week that it will open a representation office in South Africa. The office in Johannesburg will have two staff and aims to [...]
A former secretary of State for the PSD government of Pedro Passos Coelho bagged the tidy sum of €450,000 for 26 months consultancy work between 2015 and 2017 advising and working on the sale of [...]
An audit by the consultants Deloitte has concluded that in three sales of NPL portfolios held by Novo Banco, the price offered to investors was the highest market price for the assets. The sale [...]
Portugal’s banks have been contacted by the government to foot the bill for the entire €500 million that Novo Banco needs to keep its capital ratios within the limits set down by the European [...]
The chairman of bank BCP says that Portugal’s new development bank Banco Português de Fomento which aims to invest in national and overseas projects, should be involved in the nation’s recovery. [...]
The International Monetary Fund has warned that with the end of the moratoria, Portugal’s banking system will take a hard knock in terms of credit defaults. Portugal, in common with most EU [...]
The Portuguese government may bypass the country’s parliament and recapitalise Novo Banco to cover the shortfall it has from losses incurred from its Spanish operations. Budget rues allow the [...]
The Governor of the Bank of Portugal has warned this week that the likelihood of extending the moratoria is “very, very slight”. Mário Centeno said that a prorogation of the moratoria without the [...]
Portugal’s banks are continuing to improve their balance sheets – this time by selling off the stakes they hold in the tourism development fund Discovery. The fund is managed by asset [...]
