A regulator instruction requires banks to report sales of credit portfolios to the Bank of Portugal (Banco de Portugal) starting this Wednesday, RTP reports. The measure forces lenders to notify the supervisor when they sell loans or debt portfolios, increasing transparency about transfers of non‑performing and performing credits. Borrowers whose debts are sold and investors in credit products may see faster notifications and should check statements and communications from their bank. Borrowers and those with outstanding loans should watch for bank notices about any transfer of their debt.
Banks must report credit sales to Banco de Portugal
Tuesday, 24 February 2026AI summary
Context & Explainers
Banco de Portugal is Portugal's central bank, founded in 1846. It is a member of the European System of Central Banks (ESCB) and the Eurosystem, working alongside the European Central Bank (ECB) to implement monetary policy in the euro area.
Its main functions include supervising banks and financial institutions, ensuring financial stability, managing Portugal's gold and foreign currency reserves, and producing economic research and statistics. It also operates the payment systems infrastructure and issues banknotes.
Banco de Portugal is led by a Governor — currently Mário Centeno (since 2020) — who also sits on the ECB's Governing Council. For residents, the central bank matters because it regulates the banks they use, sets macroprudential rules (such as mortgage lending limits), and provides a complaints mechanism for banking disputes.
