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Banking

Banking services, regulations, and financial products in Portugal.

Justice

Supremo Tribunal Administrativo Confirms the Extinction of the Fundação Berardo in a Unanimous 21 May Ruling — BCP, CGD and Novobanco Unlock the Path to Recover €980 Million in Loans After a 19-Year Cycle Around Joe Berardo's Investment Vehicle

The Supremo Tribunal Administrativo (STA) confirmed the extinction of the Fundação Berardo in a unanimous ruling dated Thursday 21 May 2026 , an outcome that the foundation's executive board contested all the way up the appellate ladder after the...

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.

News

Banco de Portugal Storm-Cluster Moratoria Cover €1.063 Billion of Household and Corporate Loans — 5,613 Families and 1,243 Businesses Cleared the 28 January–28 April Window Before the Government Extended the Measure to April 2027

Banco de Portugal counts 1,243 corporates and 5,613 households inside the first three-month storm-cluster moratorium — 95.1% of household stock is mortgage credit and 92.8% of corporate stock sits with SMEs, with the measure now extended to April 2027.