Banking services, regulations, and financial products in Portugal.
The European Central Bank has cleared the last regulatory barrier to Groupe BPCE's €6.4 billion takeover of Novobanco, with closing set for 30 April. The Portuguese state's Fundo de Resolução will pocket roughly €1.6 billion, formally closing a twelve-year bank-failure saga that began with BES.
Millennium BCP has called a 7 May shareholder meeting to approve a €509 million cash dividend — its largest ever — and raise the buyback ceiling to 40% of profit, against fresh €53M Swiss-franc provisions in Poland.
The BES insolvency estate has accumulated more than €11 billion in unmet liabilities as interest on unpaid credits compounds year after year. Twelve years on, the largest bank failure in Portuguese history is still unresolved, and every year costs more.
Portugal's dominant mobile payments app is about to stop being a Portugal-only tool. At an industry event in Lisbon on 16 April, SIBS — the operator of MB Way — confirmed that users will be able to send and receive money from 12 other European...
The PSD postponed parliamentary requests to question Mário Centeno over the Bank of Portugal's €192 million purchase of unfinished Entrecampos buildings — a figure that could climb to €280 million.
Millennium BCP, Portugal's largest privately owned bank, has proposed distributing EUR 509.3 million in dividends to shareholders — equivalent to EUR 0.0344 per share — and raising the ceiling on its share buyback programme from 25 to 40 per cent of...
Portugal's economy lent a net 2.7 per cent of GDP to the rest of the world in 2025, down from 3.3 per cent the previous year — when the figure had been the highest in nearly three decades. The data, released on Thursday by the Banco de Portugal as...
