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banking

Banking services, regulations, and financial products in Portugal.
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
Euribor 3-Month Climbs to 2.252% on Wednesday 13 May — Highest Print Since April 2025 as the Six-Month Settles at 2.485% and the Twelve-Month Reaches 2.798%, Putting Mild Pressure on Portuguese Variable-Rate Mortgages

Euribor 3-Month Climbs to 2.252% on Wednesday 13 May — Highest Print Since April 2025 as the Six-Month Settles at 2.485% and the Twelve-Month Reaches 2.798%, Putting Mild Pressure on Portuguese Variable-Rate Mortgages

The 3-month Euribor fixed at 2.252% on Wednesday 13 May, its highest level since April 2025. The 6-month settled at 2.485% and the 12-month at 2.798%. The drift up the curve reverses the spring 2025 ECB-cut narrative and tilts Portuguese variable-mortgage resets modestly higher.
The Portugal Brief
Caixa Geral de Depósitos Mandates Banks for €500 Million Senior Preferred Green Bond on Wednesday 13 May — 6NC5 Tenor, ~3.95-4% Yield Indication, Proceeds Funnelled to A/A+ Green Mortgages and Renewable Energy

Caixa Geral de Depósitos Mandates Banks for €500 Million Senior Preferred Green Bond on Wednesday 13 May — 6NC5 Tenor, ~3.95-4% Yield Indication, Proceeds Funnelled to A/A+ Green Mortgages and Renewable Energy

CGD mandated banks Wednesday 13 May for a €500M 6NC5 senior preferred green bond at ~3.95-4% (≈100-105 bps over the six-year mid-swap at 2.95%). Proceeds fund green mortgages on A/A+ certified properties and renewables. Third green issuance, expected S&P 'A'.
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
Lisbon rooftops and the Tagus River — CGD closed Q1 2026 with €397M in profit, a 24%-plus mortgage share and 213 fewer workers in Portugal.

Caixa Geral de Depósitos Closes Q1 2026 With €397 Million in Profit and 213 Fewer Workers — 24%-Plus Mortgage Share, NPLs at 1.38% and CET1 Above 21% as the State Bank Marks Its 150th Anniversary

Caixa Geral de Depósitos closed the first quarter of 2026 with a consolidated net profit of €397 million, up 1% on the same period in 2025, and a Portuguese headcount that was 213 lower at the end of March than twelve months earlier. The state bank — Portugal's only
The Portugal Brief