Novobanco sells Portimão riverside plot for nearly €30 million
Plot near Portimão marina has been sold by Novobanco Portuguese bank Novobanco has sold a prime plot of riverside land near Portimão marina for just under €30 million, reports Eco
Date for BES trial moves forwards, almost decade since bank collapsed
Almost 10 years since BES collapsed, causing damages of around €11.8 billion, the trial of those considered guilty of its mismanagement will be moving forwards. Considered one of the largest
Moody’s upgrades rating of six banks
Moody’s has upgraded the long-term deposit ratings of CGD, BCP, Santander Totta, Novo Banco, BPI and Montepio Geral and maintained that of Caixa de Crédito Agrícola, following the upgrade of
Victims of bank collapses worried about Portugal’s ‘political avalanche’
Fear crisis in government will delay long-awaited compensation Victims of the collapses of Banif and BES banks foreign branches fear Portugal’s political crisis will prevent the solution they have been
Over half of new mortgages in September have initially fixed rate
More than half of new home loans granted in Portugal in September were contracted with a mixed interest rate, that is, fixed in an initial period and then becoming variable
Mortgage instalments can be fixed at lower rate for two years from today
But borrowers will end up paying more over time Holders of mortgage loans in Portugal can from today apply to join the scheme that fixes monthly instalments for two years
Novo Banco sees €638.5 million profit in first nine months
Portugal’s Novo Banco made a profit of €638.5 million between January and September this year, 49% more than in the first nine months of 2022, the bank has announced. Net
Banks, bondholders take €35 million hit in Efacec reprivatisation
Efacec’s creditor banks and bondholders took losses of €35 million in the sale of the Portuguese engineering company to the German fund Mutuares, according to the secretary of state for
Locking mortgage payments will ‘increase long-term cost’ – BPI
The chairman of bank BPI has said today that only customers with difficulties should join the scheme that allows the fixing of mortgage instalments because, despite the immediate relief, there
Prosecutor claims former minister worked for Espírito Santo group while in government
Defence insists whole case “extremely weak” The Public Prosecutor’s Office reiterated on Tuesday at the start of the EDP case trial that Manuel Pinho was at the service of the