The new senior management directors appointed to run bank EuroBic are still waiting to take the helm despite their appointment because the Bank of Portugal has yet to give the green light. The [...]
The CEO of Novo Banco, António Ramalho has admitted to some inconsistencies and disparities identified by a €3 million audit into the bank+s management and that of its predecessor, failed bank [...]
Investment in real estate will probably be one of the winners of the current economic crisis caused by the Covid-19 pandemic. That is the opinion of the CEO of bank Millennium bcp, Miguel Maya, [...]
The International accounting firm Deloitte has concluded that Novo Banco sold groups of properties in its portfolios at knockdown prices without giving any explanation as to why. In its analysis [...]
Novo Banco closed 2019 with 35 big debtors in a position of default on their loans. All of these big borrowers have generated losses of over €5.5Bn to the bank led by António Ramalho who looks [...]
The CEO of Novo Banco, António Ramalho, has downplayed the recommendations made by independent auditor Deloitte into the banks finances, non-performing loans and allegedly pre-market value [...]
Portugal’s new State-owned investment bank aimed at helping startups and SMEs which essentially are profitable but lack capital investment to grow, must run at a profit. The European Commission [...]
BES ‘Cooked the books’ The final report of an audit by Deloitte on the financial state of Novo Banco has placed the blame for the ruinous state of the bank’s finances squarely at the door of the [...]
Portugal’s new investment bank Banco de Fomento will only be able to lend to companies that can prove that they cannot access funds in any other way. It forms one of a number of regulations or [...]
More than 30% of Portuguese canvassed in a survey on Novo Banco blame António Ramalho, the CEO of Novo Banco, for the problems faced by the bank. In the poll carried out by Intercampus for the [...]
