Banks

Portugal’s banking sector has rejected criticisms from the country’s Minister of the Economy that banks are being so overly cautious in granting corporate loans that it is harming the economy. [...]

The Bank of Portugal, lead by Álvaro Santos Pereira, has asked the banks if the low mortgage spread rates they are charging accurately reflect all of the inherent costs in providing a home loan. [...]

Portugal’s four largest banks enjoyed profits of €4.4Bn in 2025 with Caixa Geral de Depósitos bringing in €1.9Bn – collectively profits were up 5% on 2024. The increase in profits is driven [...]

Portuguese bank Millennium bcp has reported a record profit of €1.02Bn for 2025. Millennium BCP reported a record net profit of €1.02Bn on Wednesday, a 12.4% increase compared to the previous [...]

Portugal’s State-owned bank, Caixa Geral de Depósitos is considering increasing its shareholding in one of Portugal’s largest insurers, Fidelidade. The public bank sold the insurer to the Chinese [...]

Novo Banco has entered the cryptocurrency business, albeit not directly. Novo Banco’s trading platform has started to provide instruments that replicate the evolution of these products. [...]

Portugal’s banks have never been so awash with money from savings in deposit accounts as they are now. The amount of money plowed into savings accounts increased 4.5% in 2025 to €8.3Bn for the [...]

Bison Bank is to integrate Bison Digital Assets into its main structure to become the first cryptobank in Portugal. The bank also intends to make technology and know-how available to clients to [...]

The US ratings agency Fitch has raised the rating of Spanish bank Abanca for the second time in a year to BBB+ with a stable outlook. The agency highlights the improved structure of its assets [...]

The European Parliament has flagged up Portugal’s former central bank governor, Mário Centeno and Latvia economist Mārtiņš Kazāks as preferred front runners for the vice-presidency of the [...]