Finance: Banking news in Lisbon, Lisboa, Portugal

Public Prosecution Service to appeal Ricardo Salgado's acquittal of corruption in Brazil

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.

Less space and 70 million more: the Governor's new headquarters

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...

Salgado and other defendants acquitted of alleged corruption in Brazil

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.

Ricardo Salgado and other defendants acquitted of alleged corruption in Brazil

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.

In five years we want to be the number one bank in Portugal, says Trade Republic country manager, which already has a branch in Portugal and a national IBAN

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.

Jornal Económico17 Jul

PS requests detailed documentation on the new solution for the future headquarters of the Bank of Portugal

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.

PS requests detailed documentation on the future headquarters of the Bank of Portugal

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.

PS requests detailed documentation on the new solution for the future headquarters of the Bank of Portugal

The Socialist Party (PS) is seeking comprehensive documentation regarding the proposed plans for the new Bank of Portugal headquarters.

Jornal Económico11 Jul

If instead of 1.40-metre desks they were 80 centimetres, perhaps [the Bank of Portugal] would fit

A comment suggesting that if office desks were smaller, the Bank of Portugal might be able to fit into a specific space.

Jornal de Negócios9 Jul

Santos Pereira changes the design of the new Banco de Portugal headquarters drafted by Centeno and speaks of millions in savings

Santos Pereira has altered the plans for the new Banco de Portugal headquarters, which were originally designed under Centeno, citing potential savings of millions.

Banco de Portugal redesigns new building project. It will cost 40 million less

Álvaro Santos Pereira announced this Thursday that the Banco de Portugal has agreed with Fidelidade on a major redesign of the project for the supervisor's new facilities in Entrecampos, Lisbon. The 'new solution', which will consist of only one building instead of two, will cost 40 million euros less than initially planned.

BNP Paribas inaugurates European hub in Lisbon

The new EXEO Office Hub headquarters in Lisbon will centralise operations, IT, and customer service. The bank employs 9,700 people in Portugal and aims to exceed 10,000 by the end of 2026.

Franck Leroy resigns from Novobanco's General and Supervisory Board following appointment to BPCE board

Franck Leroy, who had been appointed to Novobanco's General and Supervisory Board (CGS) following the sale to the French group BPCE, announced his resignation from the position after being appointed to the BPCE board of directors. “Under the terms and for the purposes of the provisions of Article 6 of the Regulation of...”

2025 will have been the last year CGD had profits above Revolut, says CEO

The chairman of Caixa Geral de Depósitos (CGD) said today that 2025 is expected to have been the last year in which the public bank had higher profits than Revolut, the digital bank that operates worldwide.

Isabel dos Santos says court ruling shows she put “Angola’s interests above personal interests”

The investor uses a Lisbon Court of Appeal ruling against BCP and Novo Banco to defend herself, arguing that the lack of compensation for the nationalisation of Efacec is what prevents bank repayments.

Ricardo Salgado sentenced to 13 years in prison, but avoids serving time due to Alzheimer's

The decision was announced this Tuesday at the Central Criminal Court of Lisbon in the context of the EDP and Operation Marquês cases.

Portuguese banks unable to access Isabel dos Santos' assets

The court rejects the request for proceeds from the sale of Eurobic to be transferred to BCP and Novo Banco. This is another instance of the banking sector's failed attempt to seek reimbursement from Isabel dos Santos.

Banks unable to collect debt from Isabel dos Santos

The Court of Appeal states that banks failed to prove that the businesswoman engaged in abuse of rights or fraud against the law to the detriment of third parties.

Bank guarantees: What role do they play in accessing financing?

Lisbon was the city chosen to host the annual meeting of the European Association of Guarantee Institutions (AECM), an event organised by the Banco Português de Fomento and the Sociedade de Garantia Mútua, which Expresso is supporting as a media partner.

1 p.m. Parliament to hear the Governor of the Bank of Portugal

The Budget Committee has given the green light to the hearing of Álvaro Santos Pereira. The Governor of the Bank of Portugal will explain the purchase of securities from various companies while he was in office.

Santos Pereira must go to Parliament to clarify purchases

After it became known that the Governor of the Bank of Portugal bought shares in non-financial companies while already in office, Parliament voted in favour of a hearing for Santos Pereira.

Beyond Novo Banco, BPCE strengthens Natixis in Portugal to serve "large clients"

The French group BPCE is studying the strengthening of its presence in Portugal in the investment banking sector, as it prepares for the official opening of a competence centre in Lisbon.

Mastercard completes first transaction with a real AI agent in Portugal

Mastercard has successfully processed its first payment transaction using an autonomous AI agent within the Portuguese market.

Notícias de Coimbra5 May

Mastercard completes first transaction with a real AI agent in Portugal

Paulo Raposo stated that Portuguese cards are “all prepared to enter the 'agentic' era.”

Lusa - Business News - Portugal: Sale of Novo Banco to French group BPCE concludes 30 April

Alliance of Mediterranean News Agencies30 Apr

Álvaro was informed but thought he just couldn't have bank shares

It was explained to the governor, as it was to all Bank of Portugal employees, that rules do not allow any stock market investment. Santos Pereira invested anyway (but will donate the capital gains).