Finance

Portugal’s Public Ministry is to accuse ex-banker Ricardo Salgado of leading a criminal organisation within Banco Espírito Santo, the bank he ran for over 20 years until it collapsed in 2014. [...]

The Portuguese Government launched a new development bank on Thursday. The Banco Português de Fomento has resulted from a merger between the Financial Institution of Development (Instituição [...]

A deal which would have seen the sale of Angolan-Portuguese bank EuroBic to Spanish bank Abanca has fallen through at the 11th hour. Abanca decided to pull out of the purchase of the bank owned [...]

Portugal has placed €1.5Bn of sovereign bonds on the market at interest rates similar to those charged before the Covid-19 pandemic. In an auction of State Treasury Bonds with a 10-year maturity, [...]

Portugal’s financial wizard Mário Centeno announced his decision to quit the PS socialist Government of António Costa this week. The decision comes as the man heralded in polls as the third most [...]

The Portuguese government is to slap a levy on the banking sector to support the country’s social security system. It will have to fork out €33 million towards supporting the costs of maintaining [...]

The President of Portugal’s Public Finances entity, Nazaré Costa Cabral warned this week that the amount the Government were pumping into Novo Banco could cost more than the €3.89Bn in loans from [...]

Novo Banco has decided to pull out of Spain after six years of losses totalling €450 million. Novo Banco has decided to pull out of Spain after six years of losses totalling €450 million. António [...]

The Portuguese venture capital company Indico Capital has led a €2.6 million seed investment round in Zenklub, an online emotional health and well-being platform. Apart from Indico, the startup [...]

The Belgian fintech company Loyaltek is looking for a country manager after announcing its decision to enter the Portuguese market. The company has a product offer which aims to relaunch [...]