Latest news and stories about credit moratorium in finance in Portugal for expats and residents.
This Monday's news cycle is dominated by the expiration of credit moratoriums for weather-affected entities and the release of Galp's first-quarter financial results amidst geopolitical tensions.
The Bank of Portugal reports that 7,400 credit moratoriums, valued at 930 million euros, are set to conclude this Monday.
According to the Bank of Portugal, approximately 7,400 private and corporate clients were affected by the severe weather
The measure was announced on Wednesday by Luís Montenegro.
The Government will approve, on Thursday, a one-year extension of the credit moratorium for companies affected by the series of storms. The measure was announced by Prime Minister Luís Montenegro during the start of the fortnightly debate in Parliament. Tomorrow the Council of Ministers will approve a temporary moratorium on corporate loans for another year.
Companies and families must have their tax situation regularised. Banks cannot revoke credit lines, and payment suspensions will be communicated to the CRC.
To support families and businesses affected by Storm Kristin, the government announced a 90-day credit moratorium for households and businesses. For BPI's president there's no need to invent much. “It's a case of copy-pasting what we did during Covid,” João Pedro Oliveira e Costa said on Monday. We already have experience and it went ...
