The PS has formally requested documentation from the Budget, Finance, and Public Administration Committee regarding the revised project for the new Banco de Portugal (BdP) headquarters. This follows an announcement by the BdP Governor, Álvaro Santos Pereira, regarding substantial changes to the project, including a new memorandum of understanding with the insurance company Fidelidade.
PS requests documents on Banco de Portugal building project
Saturday, 11 July 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.
