Lloyds Banking Group chief executive António Horta-Osório will step down next year after spending a decade at the helm. Horta-Osório said he had “mixed emotions” about the decision, [...]
The President of the Portuguese Banking Association (APB), Fernando Faria de Oliveira has had to navigate the sector through some of the stormiest seas in Portugal’s recent banking history. Yet [...]
Portugal’s Deposit Guarantee Fund which is meant to ensure savings are protected in the event of an unlikely systemic bank collapse is less secure than a year ago. At the end of 2019, the fund [...]
In April 2020 the unthinkable happened. During the peak of the Coronavirus pandemic, Portugal’s normally mild, affable and non-confrontational President Marcelo Rebelo de Sousa did something [...]
Portugal’s Resolution Fund set up to provide capital for Novo Banco – the bank created after the collapse of Banco Espírito Santo in 2014 – has seen bank contributions increase by [...]
It now seems increasingly likely that former Finance Minister Mário Centeno will fill the chair of the Governor of the Bank of Portugal. The Prime Minister António Costa met with the outgoing [...]
Montepio Bank is to downscale the number of branches it has to adjust to what it calls “a new cycle”. It has told staff that it will “merge” 31 geographically redundant branches in a move which [...]
A former secretary of State has warned that a new bank tax imposed by the Government will likely be passed on in bank charges to their customers. In an interview with Dinheiro Vivo, Sérgio [...]
Portugal’s former finance minister Mário Centeno says he doesn’t “regret a thing” in the way the Government handled the sale of Novo Banco in 2017 to the US vulture fund Lone Star. In an [...]
The Portuguese Government launched a new development bank on Thursday. The Banco Português de Fomento has resulted from a merger between the Financial Institution of Development (Instituição [...]
