Portugal news, in English, every morning. Free.

Subscribe

Banco de Portugal

Finance

José Azevedo Pereira Steps Into the Banco Montepio CEO Seat on Friday 22 May After Pedro Leitão's Six-Year Run — Mutualista Pushes the Opening Mandate Toward Higher Dividend Payouts

José Azevedo Pereira took office as the new chief executive of Banco Montepio on Friday 22 May 2026, succeeding Pedro Leitão after a six-year run that returned the institution to dividend distribution — and with the mutualista shareholder pressing for higher payouts from the next cycle onwards.

Banking

SIBS Pilots a Multibanco Social Network Across Roughly Twenty Juntas de Freguesia in the Cash-Desert Interior — 1,200+ Cashless Parishes and a Seventeen-Kilometre Worst-Case Walk Frame the H1 2026 Rollout With Álvaro Santos Pereira

SIBS is preparing a Multibanco Social pilot that installs cash machines inside roughly twenty juntas de freguesia in the cash-desert interior — the regions where 1,200+ parishes hold no physical cash-out point and where the worst-case walk stretches to seventeen kilometres.