Portugal’s economy is recovering “faster than expected” according to the new finance minister João Leão in an interview with Bloomberg. The minister said that the European economy was “severely” [...]

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 [...]

The CMVM has decided to keep Orey Antunes’ shares and all of its other listed securities suspended because its 2019 results presentation has been postponed beyond the legal deadline which [...]

Portugal’s treasury institute IGCP is to auction Portuguese public debt in the form of sovereign bonds to raise between €1Bn and €1.25Bn. The government agency holds these auctions several times [...]

Portugal’s gold reserves, some of it stolen by the Nazis from Jews in the late 1930s and World War II, has skyrocketed in value with the increase in gold prices. Portugal, while not the richest [...]

  Millennium bcp account holders who have €10,000 or more in their accounts will now have to pay an account maintenance charge. According to the bank’s website, Millennium bcp, managed by [...]

The Portuguese treasury will hold an auction on Wednesday of sovereign bonds at which it hopes to net around €1.2Bn. The information was released by the IGCP – the Treasury and Public Debt [...]

Portugal’s Public Ministry is to accuse ex-banker Ricardo Salgado of leading a criminal organisation within Banco Espírito Santo, the bank he ran for over 20 years until it collapsed in 2014. [...]

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 [...]

A deal which would have seen the sale of Angolan-Portuguese bank EuroBic to Spanish bank Abanca has fallen through at the 11th hour. Abanca decided to pull out of the purchase of the bank owned [...]