The Portuguese Development Bank (Banco Português de Fomento or BPF) will provide one billion euros in credit to support companies and public entities affected by storms earlier this year. The initiative, led by BPF president Gonçalo Regalado in partnership with the European Investment Bank, aims to facilitate immediate liquidity for businesses.
Development bank to provide one billion in storm relief
Monday, 1 June 2026AI summary
Context & Explainers
The Development Bank in Portugal refers to the state-backed development institution, Banco Português de Fomento (Portuguese Development Bank), which provides financing tools, guarantees and co-investment for strategic public-interest projects. In the housing context it can issue guarantees and support loans for construction or refurbishment of affordable homes and for housing cooperatives, so budgeted sums from the bank directly affect affordable housing schemes.
5 sources
- Banco de Fomento to lend 1 billion euros in post-storm supportrtp.pt ·
- Installation of Nvidia chips at Start Campus supports Portugal’s GDPEssential Business ·
- BPF makes one billion available to support companies and public entities affected by stormsdinheirovivo.dn.pt ·
- Banco de Fomento prepares €1.5 billion capital injection to mobilise €30 billion by 2030expresso.pt ·
- Government to inject another 1.5 billion into the Portuguese Development Bankpublico.pt ·
