Portugal’s bank EuroBic, formerly known as BIC, but had to change its name in 2017 because its was too like Banco BiG, will finally vanish from the market to be incorporated into Spain’s Abanca. [...]
The European Investment Bank is to finance the construction of 12,000 new affordable homes through a €1.3Bn credit line. The announcement was made this week by the Prime Minister, Luís [...]
Portugal has almost topped an index of 60 countries experiencing increases in house prices with only North Macedonia seeing higher. This is according to the Bank for International Settlements [...]
The government has approved a €16.5 million interior refit and refurbishment of one of Lisbon’s most iconic buildings which for years has served as the headquarters of the State-owned bank Caixa [...]
Novobanco, which has only recently been acquired by the French banking group BPCE for €6.4Bn, has posted first half profits of €435 million. The Portuguese bank, which had been controlled by US [...]
It’s good news for one of Portugal’s main high street clearing banks, Millennium bcp, which has not only posted a healthy 1H profit, but also has become the fourth major listed company on the [...]
Caixa Geral de Depósitos (CGD) closed the first half of 2025 with a net profit of €893 million, up €4 million on the same period in 2024. The profits made corresponded to a gain of almost [...]
The Bank of Portugal (BoP), which is lead by outgoing governor Mário Centeno, has signed a contract to invest €192 million in its new headquarters at Entrecampos in Lisbon. According to [...]
In an interview with the newspaper Observador, the CEO of bank BCP has claimed that it “wasn’t the Portuguese tax payers” that paid the resolution costs of Novobanco but rather the banks which [...]
The Banco Português de Fomento (BPF) gave the green light to 160,000 guarantees to 140,000 companies for €42Bn in the first half of 2025. The development bank made the announcement on Thursday [...]
