Latest news and stories about financial stability in Portugal for expats and residents.
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European Commissioner Maria Luís Albuquerque used the stage at the conference marking the 15th anniversary of the European Insurance and Occupational Pensions Authority (EIOPA) to delineate the balance between financial stability and the need for economic growth in the European Union. “I am convinced that, within these limits, there is room for taking ...”
The Court of Auditors has criticised the Government for failing to update the Code of Mutual Associations, leaving a regulatory and supervisory gap that jeopardises financial stability and the protection of Montepio members. The audit highlights weaknesses in oversight of mutual banking structures and calls on the Government to enact legal and regulatory reforms urgently to close the supervision gap and reduce risks to depositors and members, including expatriate stakeholders. The ruling frames the omission as a systemic threat requiring targeted reform of governance, prudential rules and supervisory resources.
Fitch has upgraded ABANCA's credit rating to BBB+ and maintained a stable outlook.
In a context where European banking is slightly stabilising profitability and keeping non-performing loans under control, Portuguese banks continue to stand out for their combination of high profitability and strong capital solidity. The latest data from the European Central Bank (ECB) on the sector shows that the three main national institutions have a ratio ...
