Novo Banco to make profits from first quarter of 2021, says CEO
After years of losses, Novo Banco will start to make profits from this quarter, Novo Banco’s CEO António Ramalho, said on Friday. “After the end of the restructuring period, a
Home bank valuations rise in Portugal amid pandemic
Portugal’s housing bank valuation has risen despite the grim economic background, according to recent figures released by the country’s national statistics institute. According to the Survey on Banking Evaluation in
Britains got talent presenters lose millions in Caixa Geral black hole
Three famous UK TV celebrities lost millions of euros in an Algarve property investment that went horribly wrong. Ant and Dec paid €3 million each to purchase property in the
Development Bank to be up and running by early November
Even more quickly than originally announced, Portugal’s Development Bank – designed to promote economic growth and manage the EU funds available to help power Portugal through the ravages caused by
Portugal’s ‘Development Bank’ to be ready to manage EU funds by ‘end of year’
Portugal’s ‘Development Bank’ (Banco Português do Fomento, BPF) should be up and running by the end of the year. Approved by Europe as a vehicle to promote economic growth, Pedro
BPP’s guilty bankers suddenly get jail terms… 10 years on
Two years ago, the ‘guilty bankers’ of BPP (Banco Privado Português) – one of the many banks that have collapsed in Portugal over the last decade or so – were
New bank collapses ‘could be on the way’, warns central bank
New bank collapses could be on the way, Portugal’s central bank has warned, unless Member States act together to stem the effects of the Covid pandemic on the financial sector.
Plans for Portuguese ‘Development Bank’ hinge on green light from Brussels and Bank of Portugal
The Council of Ministers has approved plans to create a state-owned development bank to channel funds to companies and sectors in order to dynamise the economy. It’s a plan ministers
Former minister tries to pay his way out of BPN jail term
Former health minister Arlindo de Carvalho is back in the news this week for allegedly trying to pay his way out of a six-year jail term for fraud in the
Banks warn Marcelo ‘businesses will fail’
The weekend started on a high with President of the Republic Marcelo Rebelo de Sousa telling journalists he was calling a meeting of the country’s five largest banks to tell