Novo Banco has sold a portfolio of soured loans or Non-Performing Loans (NPLs) to the US fund Burlington Loan Management. The announcement was made by the bank on 6 March. “Novo Banco informs [...]
The Bank of Portugal does not agree with a decision by the Competition Court which absolved the auditing consultancy KPMG and five of its associates from cooking the books at the large private [...]
Millennium bcp announced that its profits had tumbled 7.2% in Portugal to €183 million after achieving profits of €300 million in 2019. The Portuguese-Angolan bank also suffered €800 million in [...]
The Bank of Portugal has issued a warning over Bitcoin and other cryptocurrencies as Bitcoin, the most famous of these currencies in the world, reached new historic highs and then plummeted 15%. [...]
Novo Banco, which will present its financial accounts in March, may need more than the €480 million allowed by the government from the Resolution Fund to keep it afloat. The amount the bank will [...]
Minimum service bank accounts in Portugal increased 25% in 2020 with three out of four accounts resulting from customers changing their current accounts to minimum service accounts. At the end of [...]
A former governor of the Bank of Portugal and ex-vice-president of the European Central Bank has issued a stark warning over investing in the crypto-currency Bitcoin. Vítor Constâncio said the [...]
Portugal came fourth last year in terms of those countries in the eurozone which most benefitted from European Investment Bank funds. (EIB in percentage of GDP) In 2020, the EIB financed projects [...]
Two construction companies, Always Special and Lena, owned by Grupo Nov, are suing Caixa Geral de Depósitos (CGD) for €258 million. The common lawsuit was filed on Monday, at a Lisbon court with [...]
The São Paulo based capital investment company 3J Capital Partners is considering the option to buy a share in Portuguese private investment bank Banco Carregosa. The move would require the [...]
