António Ramalho to leave Novobanco in August
The president of Novobanco, António Ramalho, has announced to the bank’s supervisory board of directors that he will step down in August but will remain on as a consultant. The news was broken by [...]
The president of Novobanco, António Ramalho, has announced to the bank’s supervisory board of directors that he will step down in August but will remain on as a consultant. The news was broken by [...]
Banks and credit institutions lent around €3.7Bn in credit in the first half of 2018, or €20 million per day. Consumer credit loans continued to grow in the first half of 2018 with banks and [...]
The US ratings agency Moody’s has withdrawn its positive outlook rating on Novo Banco deposits. The agency, which grades the financial health and sustainability of companies and banks across a [...]
Spanish lender CaixaBank now holds 94% of Portuguese bank BPI after a stock shopping spree, the bank revealed on Sunday. The bank now only needs the remaining 6% to own BPI lock, stock [...]
Portugal’s largest bank, Caixa Geral de Depósitos (CGD) is back in profit, making €68 million partly on the back of bank charges. The bank’s president, Paulo Macedo, said on Thursday that [...]
Spain’s CaixaBank, which owns 90% of Portuguese bank BPI, could take the bank off the Lisbon Stock Market. CaixaBank purchased 8.4% of BPI shares from the Allianz Group and now hold 92.93% [...]
First quarter profits at Portugal’s Santander Totta bank increased 5% in 2016 to €130.5 million. According to the bank’s President, António Vieira Monteiro, the result is in line with [...]
Bankinter Portugal, owned by the Spanish bank Bankinter presented profits of €143 million in the first quarter of 2018 representing a 15% increase on the same period in 2017 and 7% of the group’s [...]
One of Portugal’s greatest political and economic corruption scandals, Operation Marques, continued to dominate the newspapers over the weekend as more nefarious links between three prime [...]
Santander Bank UK economist Stuart Green says visibility around the UK’s new relationship with the EU has been slow to emerge. However, the underlying fabric of the UK economy – open and [...]