Banking

Banking services, regulations, and financial products in Portugal.

Economy

Banco de Portugal April Tape Lifts New Mortgage Rates to 2.86% in the First 2026 Climb — Variable Trackers Add 14 Basis Points and the Average Monthly Stock Payment Hits €428

The average interest rate on new home loans in Portugal rose 5 basis points in April to 2.86%, the highest level since July 2025 and the first increase recorded in 2026, according to the Banco de Portugal (Bank of Portugal) statistical release...

5 June 2026

Portugal

Banco Montepio Holds €210 Million in Residential Stock and Maps a €50 Million Annual Build-Out — Virgílio Lima Frames the Housing Pillar as Mutual-Association Mission Core

Banco Montepio ended 2025 with €210 million in residential property earmarked for housing — slightly more than half of the mutualista group's real-estate base — and Virgílio Lima's reconfirmed board is layering a €50 million annual investment to expand the portfolio.

5 June 2026

Justice

Tribunal da Relação de Lisboa Clears Isabel dos Santos of Fraud Over the €160 Million Efacec Financing — BCP, Novobanco and CGD Recovery Path Closes After the 2020 Nationalisation Wiped the Collateral

Tribunal da Relação rejected BCP and Novobanco fraud claims against Isabel dos Santos over the €160 million Efacec financing; the 2020 nationalisation already wiped the collateral on the bank loans.

4 June 2026

Banking

Caixa Geral de Depósitos Takes Banco de Portugal to the Tribunal de Santarém Over a €9,000 Coima Tied to a Single Suspicious €10 Banknote at the Guimarães Branch

CGD is appealing a €9,000 Banco de Portugal coima tied to a single suspicious €10 banknote flagged at its Guimarães branch on 25 August 2023. The Tribunal de Concorrência, Regulação e Supervisão in Santarém will hear the case.

2 June 2026

Economy

Crédito à Habitação Climbs to €115 Billion at April Close — 10.7% Year-on-Year Print Is the Fastest Mortgage-Stock Lift Since February 2003 as the Garantia Pública Jovens 100% LTV Window Powers the Acceleration

BdP's April 2026 print puts the mortgage book at €115B, up 10.7% YoY — the fastest pace since February 2003. The Garantia Pública Jovens 100% LTV window for under-35s drives the lift. The May Financial Stability Report flags residential property as the system's main internal risk.

1 June 2026

Economy

Banco Português de Fomento Routes a €1 Billion BEI-Funded Post-Tempestade Line — €500M SME Tranche to 12 Years, €250M via Commercial Banks, €250M for 30-Year Infrastructure Loans as Guarantee Applications Pass €1.9 Billion

BPF president Gonçalo Regalado opens a €1B post-tempestade credit envelope on 1 June — €500M direct SME loans to 12 years, €250M via commercial banks, €250M for 30-year infrastructure loans. Existing storm guarantees total €1.9B applications, €1.5B+ approved.

1 June 2026

Banco de Fomento

Banco Português de Fomento Tracks €3.5 Billion of Empresa Financing Through End-May — €700 Million Monthly Run Points at the €8 Billion 2026 Target and the 20,000-Firm Mark on a Triénio Tape Aimed Above €30 Billion

Banco Português de Fomento mobilised €3.5 billion in empresa financing through end-May 2026 — a €700 million monthly run toward the €8 billion 2026 target and 20,000 firms supported. Guarantees carry the frame at €2.5B national plus €250M international.

31 May 2026