Portugal’s GDP growth: central bank ‘more pessimistic”
Central Bank’s outlook comes days before government submits 2024 State budget to parliament The Bank of Portugal is more pessimistic about the growth of the Portuguese economy, writes Lusa today.
BPI bank sells non-performing loans to US ‘asset manager’ for €123 million
Portuguese bank BPI has sold a bad debt portfolio worth €123 million to an asset manager in the United States of America, the bank announced on today. According to the
Bank of Portugal wants to force companies to accept electronic payment method
The Bank of Portugal announced on Monday that it is preparing a formula to require companies to accept an electronic payment method in addition to cash. This measure is part of
New hike in interest rates? Central bank governor warns of “risk of doing too much”
Mário Centeno speaks out ahead of key policy meeting Mário Centeno, governor of the Bank of Portugal and former Socialist finance minister, has warned today of the risk of “doing
Mortage payments rise 40% on same time last year
Average mortgage repayments rose again last month to €370 – €9 more than people were paying the month before, reports statistics institute INE. Compared with the situation this time last
BES/ GES banking collapse: D-day, nine years on
Judge to decide this afternoon whether 25 official suspects face trial One of Portugal’s most discussed and drawn out legal cases – relating to the BES/ GES banking collapse nine
New limits on bank commissions come into force today
Banks can no longer charge for photocopying documents, or changing account holders New limits on bank commissions come into force today after a law was published that prevents banks from
Former banking boss sees jail term EXTENDED on appeal
Alzheimer’s card rejected by appeal court judges Over almost 700 pages, appeal court judges put paid to defence hopes that former banking boss Ricardo Salgado could see his six-year jail
President Marcelo “hopeful banks’ eyes open to mortgage problem”
Speaks as top 5 banks register over €900 million in first quarter profits Portugal’s president Marcelo Rebelo de Sousa has said today that he hopes the country’s banks are “awake
Combined profits of Portugal’s largest banks rose 54% to almost €1 billion in first quarter 2023
With so many citizens grappling with increases in their loan repayments, figures released today show banks are well placed to renegotiate: the combined profits of Portugal’s five largest banks rose