Archives

Portuguese state-owned bank Caixa Geral de Depósitos (CGD) aims to consistently return to paying out dividends after a break of nearly seven years. The Portuguese State has received €2.5Bn in [...]

BCP is to sell its headquarters building, covering almost an entire block on Rua do Ouro in Lisbon, to Sana Hotels which is planning to open its fourth hotel in the city. The bank, which is [...]

Portugal’s Public Finance Council has said that the country’s deficit is being brought under control and the nation’s finances are on the right path. However, the spending watchdog has warned of [...]

Shareholders at bank BPI have voted for the bank’s exit from Lisbon’s Stock Market. The once Portuguese-owned bank, now in Spanish hands and led by Pablo Forero is leaving the PSI-20 32 years [...]

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 [...]

The investment fund which manages the troubled Herdade da Comporta resort development is to sell off tourist assets to pay debts failed bank Banco Espírito Santo owes to public bank Caixa Geral [...]

Portugal’s high-street banks are to close up to 100 branches by the summer. Its largest bank Caixa Geral de Depósitos (CGD) alone will close 70. Novo Banco will close 35 this month. Paulo Macedo, [...]