Latest news and stories about banking in Lisboa, Portugal for expats and residents.
The Socialist Party has formally requested documentation regarding recent modifications to the construction plans for the new Banco de Portugal headquarters.
Bankinter Portugal celebrates its tenth anniversary with a strategic goal to enter the top six banking institutions in the country by 2030, focusing on corporate lending, digital expansion, and market share growth.
Crédito Agrícola's profit fell 2.2% in the first half of the year, year-on-year, to 168.5 million euros, impacted by a reduction in the financial margin and results from insurance contracts.
The Lisbon Commercial Court has not yet validated the partial distribution of 8.4% to BPP's common creditors. The liquidator believes there will be subsequent payments, but there are neither deadlines nor amounts.
Crédit Agricole, which was the second-largest shareholder of BES, and its subsidiary Predica have filed two civil lawsuits at the Central Civil Court of Lisbon.
Ricardo Salgado, Amílcar Morais Pires, and Rioforte, the non-financial arm of GES: all three have just been legally targeted by the Crédit Agricole group, a historic partner of the Espírito Santo family at BES, which collapsed over ten years ago. The French group has filed two lawsuits totaling over one billion euros.
An overview of Carlos Costa's tenure as the head of the Portuguese central bank.
João Moreira Rato has already received the green light from the European Central Bank (ECB) to take the position of chairman of the board of directors at Pharol, ECO has learned. The economist had been proposed by American shareholder Davidson Kempner to lead the former PT SGPS, following the departure of Palha da Silva, and there has already been a...
Fosun is “satisfied with its investment in BCP”, but the potential exit of the Chinese group does not worry the Portuguese bank, which admits that “some institutional investors” would be available to invest and take its place in the shareholder structure. “We see great interest,” admitted Chief Financial Officer Miguel Bragança during a conference with analysts.
Lisbon, 04 Aug 2026 (Lusa) -- Novo Banco totalled 367.2 million euros in profit in the first six months of the year, a decrease of 15.6% compared to the same period in 2025, it was announced today.
The chief executive of BCP, Miguel Maya, stated today in Lisbon that the Sovereign Fund is a political issue and that it is up to the State to make its decisions, stressing that the bank's management will continue to be highly professional.
BCP totalled 565.8 million euros in profit in the first half of the year, an increase of 12.7% compared to the same period last year, it was announced today.
The chief executive of BCP, Miguel Maya, said today there is “no victory” following the Constitutional Court's decision regarding the bank's contributions to the Resolution Fund and maintains his concerns.
The Benfica president appears in the Credit Responsibility Centre due to non-payment of loan instalments exceeding 20 million euros for a luxury development.
Benfica president Rui Costa has reportedly been added to the Bank of Portugal’s Central Credit Register (CRC) – commonly referred to in Portugal as the banking system’s “blacklist” – following The post Benfica president Rui Costa ‘blacklisted’ by Bank of Portugal over €20 million loan default appeared first on Portugal Resident.
Rui Costa's name appears in the central bank's Credit Responsibility Centre due to defaulted loans, reports Observador this Saturday, July 25. The businessman and Benfica president is a shareholder and guarantor for the company 10 Invest — Investimentos Imobiliários, Lda, which is failing to meet capital and interest payments on charges exceeding 15 million euros owed to Banco Montepio. According to Observador, the overdue credit relates to several loans granted by the bank to finance a 45-million-euro luxury real estate project in Carnaxide. Rui Costa acted as guarantor for the credit agreement signed between his company and Banco Montepio, which had an initial value of over 20 million euros. Observador contacted 10 Invest, and an official source clarified that there has been no mortgage foreclosure regarding their relationship with Banco Montepio, adding that the relationship with the bank is proceeding normally within the scope of managing a real estate project of this scale. The company also emphasized that the guarantees provided to Banco Montepio far exceed the value of the credit in question, robustly securing the financial institution's position. According to Observador, Rui Costa is currently renegotiating the debt and its repayment with Banco Montepio.
According to preliminary information from Kyiv, a new major attack by Russia is imminent. Furthermore, Rui Costa is now on the Bank of Portugal's blacklist.
Rui Costa has been included in the Bank of Portugal's list of individuals restricted from certain financial activities.
Rui Costa has been placed on the Bank of Portugal's list of non-performing debtors following an outstanding debt of over €20 million.
At issue is a real estate project by the company 10 Invest, of which Rui Costa is a shareholder. Furthermore, the Government does not close the door to the PS's demands regarding constitutional revision and social security.
Rui Costa has been added to the restricted list maintained by the Bank of Portugal.
Rui Costa has been added to the restricted list maintained by the Bank of Portugal.
JN: Banks closed half of their branch network in just 15 years, going from over 6,000 to just over 3,000. Público: one-third of the vacancies that reached employment centres remained unfilled.
The Public Prosecution Service will appeal the acquittal of Ricardo Salgado and the other defendants in the case related to the alleged corruption of a former vice-president of Banco do Brasil.
With a trembling voice and uncertainty written on his face, while reading texts prepared by unknown advisors, the Governor of the Banco de Portugal attempted, during the parliamentary hearing on the institution's new headquarters, to rehearse a response to the criticisms he himself fueled since deciding to question a decision approved unanimously...
The Central Criminal Court of Lisbon acquitted all defendants, including former banker Ricardo Salgado, in a case related to the alleged corruption of a former vice-president of Banco do Brasil. The former president of Banco Espírito Santo (BES) was accused of having paid 1.8 million dollars (approximately...) using entities in tax havens.
The Central Criminal Court of Lisbon acquitted all defendants this Monday, July 20, including former banker Ricardo Salgado, in a case related to the alleged corruption of a former vice-president of Banco do Brasil. The former president of Banco Espírito Santo (BES) was accused of paying 1.8 million dollars (approximately 15.7 million euros at the current exchange rate) to Allan Simões Toledo, using entities in tax havens, to ensure that Banco do Brasil provided 200 million dollars (nearly 175 million euros at the current exchange rate) in financing to the Portuguese bank, which went bankrupt in 2014. The acts under suspicion occurred between 2011 and 2014, and the former vice-president of Banco do Brasil was not a defendant in this trial, which began on May 20, 2025. BESA case: Court of Appeal rules that Salgado must stand trial.
The country manager for Trade Republic outlines the company's goal to become the leading bank in Portugal within five years, noting that the firm has already established a local branch and provides national IBANs.
The request comes after Álvaro Santos Pereira announced in a parliamentary hearing this week that the Bank of Portugal (BdP) will acquire only one building in Entrecampos instead of two as previously planned.
The PS has requested detailed documentation regarding the new solution for the future headquarters of the Bank of Portugal, citing doubts about the scale of savings compared to the previous project.
