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Banco de Portugal

Marcelo Signs the 12-Month Extension of the Storm-Impact Credit Moratoria Into Law on Thursday Evening 14 May — Decree Carries 7,400 Clients and €930 Million in Mortgage and Empresa Credit Through to End-April 2027

Marcelo Signs the 12-Month Extension of the Storm-Impact Credit Moratoria Into Law on Thursday Evening 14 May — Decree Carries 7,400 Clients and €930 Million in Mortgage and Empresa Credit Through to End-April 2027

Thursday evening 14 May 2026: Marcelo Rebelo de Sousa promulgates the Government decree extending the storm-impact credit moratoria by 12 months, locking the BdP-tracked 7,400 clients and €930 million in mortgage and empresa credit through to end-April 2027.
The Portugal Brief
SIBS Walks Its Administrative Action Against Banco de Portugal Off the TACL Docket on Wednesday 13 May — Dona do Multibanco Drops the EU 751/2015 Payment-Processing-Separation Lawsuit Sixteen Months After Filing It at the Lisbon Administrative Court

SIBS Walks Its Administrative Action Against Banco de Portugal Off the TACL Docket on Wednesday 13 May — Dona do Multibanco Drops the EU 751/2015 Payment-Processing-Separation Lawsuit Sixteen Months After Filing It at the Lisbon Administrative Court

Wednesday 13 May 2026: SIBS-FPS withdraws its TACL administrative action against Banco de Portugal, sixteen months after filing on 15 January 2025. The scheme-vs-processor separation dispute under EU Regulation 751/2015 Article 7 returns to operational supervision with no merits ruling.
The Portugal Brief
PRO.VAR Walks the Restauração Tradicional Crisis File Back at the BdP Governor After His Five-Indicator Defense — Álvaro Santos Pereira's '69% Nominal Growth Since 2019' Reading Collides With the May 10 Publico Estruturalmente Débil Deep Dive

PRO.VAR Walks the Restauração Tradicional Crisis File Back at the BdP Governor After His Five-Indicator Defense — Álvaro Santos Pereira's '69% Nominal Growth Since 2019' Reading Collides With the May 10 Publico Estruturalmente Débil Deep Dive

PRO.VAR has rejected BdP Governor Álvaro Santos Pereira's five-indicator no-crisis reading of the restaurant sector, arguing the BdP aggregate masks the collapse of traditional restaurants — a debate sharpened by Publico's May 10 deep dive on the segment's structural fragility.
The Portugal Brief
Banco de Portugal Conselho de Auditoria Walks the Entrecampos Sede File Past the €192 Million Headline — Auditors Warn Acabamentos Push the Total Toward €235 Million and Demand Faster Sale of the Vacant Edificios to Pay the Bill

Banco de Portugal Conselho de Auditoria Walks the Entrecampos Sede File Past the €192 Million Headline — Auditors Warn Acabamentos Push the Total Toward €235 Million and Demand Faster Sale of the Vacant Edificios to Pay the Bill

The Conselho de Auditoria of the Banco de Portugal warned that the €191.99M Entrecampos sede contract with Fidelidade covers only the structural shell — acabamentos will push the total toward €235M, and the auditors want the central bank's vacant Lisbon real estate sold faster to pay for it.
The Portugal Brief
Banco de Portugal's 2025 Behavioural Supervision Report Walks Banks Into €8.91 Million of Customer Refunds — €8.24 Million in Indevidas Commissions, 3,298 Specific Determinations and 52 Contraordenação Proposals Across the Inspection Tape

Banco de Portugal's 2025 Behavioural Supervision Report Walks Banks Into €8.91 Million of Customer Refunds — €8.24 Million in Indevidas Commissions, 3,298 Specific Determinations and 52 Contraordenação Proposals Across the Inspection Tape

Banco de Portugal's 2025 Behavioural Supervision Report — the annual file from Avenida Almirante Reis that aggregates every consumer-protection inspection, mystery-shopper visit and complaint-driven enforcement action the supervisor ran against the...
The Portugal Brief
Banco de Portugal Walks the Folheto de Comissões Out of Its Two-Decade-Old Labyrinth — Supervisor Opens a Multi-Year Reformulation of Bank Fee Disclosures and the Comparador de Comissões Targeting Cross-Bank Comparability Through 2028

Banco de Portugal Walks the Folheto de Comissões Out of Its Two-Decade-Old Labyrinth — Supervisor Opens a Multi-Year Reformulation of Bank Fee Disclosures and the Comparador de Comissões Targeting Cross-Bank Comparability Through 2028

Tuesday 12 May: Banco de Portugal opens a multi-year reformulation of the Folheto de Comissões — two-decade-old rules under Aviso 8/2009 produced a labyrinth of dozens-of-page documents. Supervisor targets simpler templates, cross-bank comparability and Comparador-de-Comissões expansion by 2028.
The Portugal Brief
Opening a Bank Account in Portugal in 2026 — A Practical Guide to the NIF Requirement, the Lei 83/2017 AML Documentary Chain, CGD vs Millennium vs Santander vs BPI vs Novobanco, ActivoBank and the Serviços Mínimos Bancários Backstop

Opening a Bank Account in Portugal in 2026 — A Practical Guide to the NIF Requirement, the Lei 83/2017 AML Documentary Chain, CGD vs Millennium vs Santander vs BPI vs Novobanco, ActivoBank and the Serviços Mínimos Bancários Backstop

Opening a Portuguese bank account in 2026 — NIF prerequisite, the AML documentary chain under Lei 83/2017, CGD vs Millennium BCP vs Santander vs BPI vs Novobanco vs Bankinter, ActivoBank/BiG digital tracks, Revolut/N26/Wise EU-passport option, the Conta-Base and Serviços Mínimos Bancários backstop.
The Portugal Brief