Banking services, regulations, and financial products in Portugal.
The Berlin-based digital bank has begun issuing PT50 account numbers to its Portuguese users, unlocking domestic direct debits and instant transfers as it chases 300,000 customers by year-end.
Three Portuguese financial names have been chosen to help build the future of European money. Caixa Geral de Depósitos (the state-owned bank, or CGD), Banco Comercial Português (Millennium bcp, or BCP) and the card specialist Unicre have been...
The Bank of Portugal has hired Eternamix Consulting to audit more than 1,000 IT contracts signed over the past 11 years, for €108,000 plus VAT and a three-month deadline. The review follows last year's Judicial Police searches into the central bank's technology contracting.
The central bank wants to oblige every business to accept at least one digital payment method alongside cash, as part of its 2025 retail-payments strategy.
The Bank of Portugal's new Macroprudential Recommendation cuts the maximum debt-service-to-income ratio (taxa de esforço) from 50% to 45% for mortgage and consumer credit, and trims banks' exception margin from 15% to 10%. It applies to loans assessed from 1 August and may later become binding law.
A long-phased Portuguese banking law reaches its final stage on 28 June 2026, ending the monthly processing fee on credit contracts signed up to the end of 2020 and barring banks from tying insurance or other products to a loan renegotiation.
A government-appointed panel proposed folding the Bank of Portugal, the CMVM and the insurance regulator into a single supervisor. Finance Minister Joaquim Miranda Sarmento turned it down within two days.
