Three banks were used to pay backhanders to corrupt oil officials in Angola between 2005-2008. The Portuguese banks were used in pay off schemes by a Dutch company SBM Offshore to pay bribes to [...]
Portugal’s banking sector dished out the highest number of mortgages since 2008 with €1.2Bn lent in December 2020 alone, bringing the total for the year to €11.4Bn. They are levels of bank [...]
Portugal will, for the second time this year, issue treasury bonds for sale today on the market after having issued a total of €1.2Bn in bonds with 10 and 14 years maturity. The IGCP – the [...]
Paulo Macedo, the man who has headed Portugal’s public bank Caixa Geral de Depósitos (CGD) for four years, says that Portugal’s banking sector is “stagnant” in terms of revenues. In an interview [...]
The governor of the Bank of Portugal has forecast that the Portuguese economy will not go into recession in the first quarter of this year, despite the new lockdown. He said that the economy [...]
A former governor of the Bank of Portugal and also ex vice-president of the European Central Bank has warned that regulators will have to step in to avoid a looming credit default crisis this [...]
Portuguese economists, concerned that the end of periods of grace on repayments on loans and interest on loans could lead to a spike in credit defaults, are calling for a phased post-moratorium [...]
Portuguese banks are succeeding in slashing their ratios of soured loans but still have the third highest amount of NPLs in the Euro Zone. This is according to the European Central Bank which [...]
The Portuguese Government has given the green light to the mutual bank Montepio to shed 400 jobs over the next three years as part of a major restructuring process. The bank is €56 million in the [...]
The Bank of Portugal is to appeal a decision by a court which exonerated the accountancy firm KPMG of cooking the books in the case of Banco Espírito Santo which collapsed in 2014 leaving [...]
