Money

Financial entities based in the United Kingdom have been investing considerably in Portuguese syndicated pubic debt since the UK referendum in June 2016. Syndicated debt is issued by the [...]

A former governor of the Bank of Portugal and ex-vice-president of the European Central Bank has issued a stark warning over investing in the crypto-currency Bitcoin. Vítor Constâncio said the [...]

Portugal’s public debt, from the point of view of the Maastricht criteria, and therefore Brussels, fell by €1.068 in November to €267Bn according to data from the Bank of Portugal. Portugal’s [...]

Six out of every 10 Portuguese are saving more because of the pandemic. Coronavirus has affected 34% of incomes with the Portuguese now being more cautious resulting in 67% trying to save more [...]

Despite record debt levels among the Portuguese public and companies, investments in government bonds rose again in October by €88 million. It was the ninth month on-the-trot that bond [...]

In a study of 38 European banks, the global credit ratings agency DBRS Morningstar has concluded that the Portuguese state-owned bank Caixa Geral de Depósitos enjoyed the greatest fall in credit [...]

Portuguese household savings are three times lower than they were 30 or 40 years ago, official data showed on Saturday, although savings did rise during the pandemic. By Marina Watson [...]

Novo Banco closed 2019 with 35 big debtors in a position of default on their loans. All of these big borrowers have generated losses of over €5.5Bn to the bank led by António Ramalho who looks [...]

Portugal’s central bank has released a more pessimistic forecast for the Portuguese economy than Government projections for the second half of 2020. The institution led by Carlos Costa who leaves [...]

A new Government-owned national development bank is to be created by merging IFD (Instituição Financeira de Desenvolvimento) and PME Investment into SPGM. It will mean the creation of a new bank [...]