Novo Banco says it will sell off its Novo Banco Espanhã banking interests in Spain by March this year. According to El Confidencial a lack of interested parties in the purchase of its Spanish [...]
The Governor of the Bank of Portugal and former finance minister Mário Centeno has declared his investment interests in seven Portuguese companies listed on the stock market. His predecessor, [...]
Britain’s departure from the European Union on 1 January means that banks and financial entities based in the United Kingdom have now lost their licence to operate on Portuguese territory. The [...]
Novo Banco has set up a team of 40 staff to organise all the paperwork requested by the inquiry and audit commissions into bad management at the bank. The special task force, which will have to [...]
The Bank of Portugal estimates that 15% or €11Bn worth of company loans, the instalments and or the interest on which was temporarily frozen because of the moratoria, may never get paid back by [...]
A senior director at the US ratings agency Standard & Poor’s says that the Portuguese bank Novo Banco is being used in a game of politics in which the opposition PSD party is trying to score [...]
Despite a challenging year for the financial sector, Montepio Crédito says that it should round off the year with a net result of slightly over €4 million. “We expect to get to the end of the [...]
Six out of every 10 Portuguese are saving more because of the pandemic. Coronavirus has affected 34% of incomes with the Portuguese now being more cautious resulting in 67% trying to save more [...]
A public inquiry undertaken by a parliamentary commission into management practices and losses at Novo Banco will begin on Tuesday. The inquiry will last 120 days and will examine losses and the [...]
Portugal’s banks have dumped over €2Bn of toxic loans onto the market in a bid to wipe their balance sheets clean. The move comes after it was announced last month that Brussels would help banks [...]
