Santander Totta rules out EuroBic acquisition
The Spanish-owned bank Santander Totta has ruled out putting in an offer to buy the Angolan-Portuguese bank EuroBic. The CEO of Santander Totta, Pedro Castro e Almeida, said it was
New âbrakes on creditâ announced by Bank of Portugal
The Bank of Portugal has announced new brakes on rules for extending credits to families. Say reports, maximum terms for personal credits will be reduced from 10 to seven years,
Banking âcartelâ âyet further proof of criminal and abusive practicesâ sanctioned in Portugal
Portugalâs âbanking cartel controversyâ has ignited the Left Bloc (Bloco de Esquerda) which is calling for banking regulators, the AdC competitions authority and the heads of all 14 banks involved
Santander sells Lisbon office to Avignon Capital
Spanish multinational bank Santander has sold a prime office building in Lisbon to British fund Avignon Capital for âŹ22.3 million. The purchase of NÂș4 Avenida Miguel Bombarda was made in
American fund Lone Star will keep Novo Banco until 2021
American vulture fund Lone Star, which owns Novo Banco, says it has no plans to sell it before 2021. The fund, which owns 75% of Novo Banco, says it will
Montepio announces appointment of new CEO
Montepio bank has formally appointed Pedro LeitĂŁo as the new CEO. The Bank of Portugal had already given the green light to the appointment of the former director of Banco
Brazilâs BTG Pactual enters Portuguese banking market
Brazilian bank BTG Pactual is to enter the Portuguese market to attract wealthy emigre Brazilians living in Portugal. The investment bank is registered with the Bank of Portugal and the
Brussels considering new national promotional bank
The Portuguese government is planning to set up a new national bank to provide companies with a credit line. The outline structural design of the new bank, which forms part
Rich Brazilians flocking to Portugal âbring banks with themâ
Rich Brazilians described as flocking to Portugal are bringing their banks with them. Itau Unibanco Holding SA and Banco Bradesco SA are âconsidering opening wealth-management offices in Portugal amid a
Central banks concerned by rising house prices
Central banks âthroughout the worldâ are concerned by the rising costs of real estate and the perceived lack of action by countries to stem the risks of a looming housing