Results for "Bank of Portugal"

Official data from the Bank of Portugal shows foreign direct investment surged to €6.7 billion between January and June, reversing a net outflow observed during the same period in 2025.

The Bank of Portugal has launched a pilot project to provide its main services in the Bragança market on Fridays, aiming to reduce the 200 km distance created by the closure of a branch in Vila Real.

Portugal's external surplus reached 1.201 billion euros in the first half of the year, a 45.8% decrease compared to the same period last year, according to data from the Bank of Portugal.

A new measure by the Bank of Portugal is reportedly limiting access to consumer goods for many families, with the consumer credit association Asfac warning of a significant impact and feeling penalized by concerns over housing credit.

Álvaro Santos Pereira has proposed a less ambitious, less transparent, and potentially much more expensive solution for the new headquarters of the Bank of Portugal.

The future Lisbon airport, expected to open in 2035, is discussed alongside the Bank of Portugal governor's call for reforms and the continued increase in fuel prices.

The appointment of the new vice-governor for the Bank of Portugal is expected to be delayed for at least three months, mirroring the situation with the governor's replacement a year prior.

The Bank of Portugal announced a procedure allowing common creditors of Banco Espírito Santo (BES) to request compensation from the Resolution Fund starting in December, with an estimated cost of 630 million euros.

Former Bank of Portugal governor and minister Mário Centeno is re-emerging in the Socialist Party (PS), collaborating with Carneiro and being viewed by socialists as a valuable asset for the party's future.

Álvaro Santos Pereira states that the Bank of Portugal must act preventively regarding changes in housing credit rules, citing warning signs.

The Bank of Portugal will implement new restrictions on housing loan access starting August 1st, lowering the maximum debt-to-income ratio from 50% to 45% and simplifying exceptions and loan durations based on age.

Former Portuguese Finance Minister and Bank of Portugal Governor Mário Centeno advised the Socialist Party to exercise patience during a recent address.

João Raposo from the Bank of Portugal testified in parliament, stating the institution aims to prevent tolerance for money laundering, citing increased suspicious transaction reports due to digital fraud and improved internal controls.

The Bank of Portugal reports that the country's public and private debt has increased to €876.2 billion. Public sector debt alone rose by €5.5 billion due to increased investments in public debt securities.

Former Governor of the Bank of Portugal, Mário Centeno, predicts a very difficult budgetary year for the country and points to a lack of clarity in the Luís Montenegro government's strategy.

Data from the Bank of Portugal indicates that the value of low-value import orders originating from China has more than tripled, showing a significant increase, especially in the years following the pandemic.

The Bank of Portugal has issued a warning that the country's net public spending is growing above the limits set by European rules, posing risks to fiscal sustainability. The economy is currently growing at 1.8%.

A study by the Bank of Portugal indicates a trend of increasing credit intermediaries while the network of traditional bank branches is shrinking, particularly in areas with sparser banking services.

The Bank of Portugal has directly contracted Sérvulo for specialized real estate services for two years without a public tender, as the bank has properties in Lisbon for sale and its audit council has already exerted pressure.

The Bank of Portugal is streamlining the processing of customer complaints and holding banks more accountable, prioritizing electronic submissions while maintaining other channels.

The Bank of Portugal has confirmed it is working with banks to reduce the debt-to-income ratio limit for housing loans from 50% to 45%. This measure aims to tighten credit conditions for home buyers.

The Bank of Portugal is preparing to reduce the debt-to-income limit for housing loans to 45%, a move that could make access to credit more difficult for some.

The Bank of Portugal (BdP) has prevented €6.5 million in fraud since the beginning of 2024, with beneficiary confirmation and the SPIN system reducing fraud by 21%. Portugal remains the only EU country without anti-spoofing legislation.

Following a 2025 blackout, the Bank of Portugal is collaborating with various sectors to create a resilience plan aimed at ensuring effective payments and responding to system failures.

The Bank of Portugal (BdP) is consulting with banks regarding a potential reduction of the debt-to-income ratio limit for housing loans to 45%. This proposed change could lead to a 10% decrease in new housing loans.

Miguel Maya, president of BCP, has expressed support for reducing the debt-to-income ratio for home loans, a measure reportedly being prepared by the Bank of Portugal.

SIBS, the owner of Multibanco, has withdrawn a lawsuit filed in 2025 against the Bank of Portugal, while a separate appeal against a Competition Authority fine continues in Santarém.

The Bank of Portugal's annual report for 2025 reveals that it undertook 155 cooperation actions, with Lusophone central banks, particularly Cabo Verde, remaining its primary partners.

After the irregular purchase of Galp and Jerónimo Martins shares, PS raises doubts about whether the governor of the Bank of Portugal has the competence to manage the 45 billion euro asset he has in…

The European Central Bank compelled Álvaro Santos Pereira, Governor of the Bank of Portugal, to reverse his acquisition of shares in Galp and Jerónimo Martins. This action followed a violation of the Eurosystem's code of conduct after his appointment.

The audit council of the Bank of Portugal is recommending the accelerated sale of vacant properties to cover the costs of a new headquarters in Lisbon, which are expected to exceed the initial 192 million euro estimate with finishing touches.

The Bank of Portugal has significantly reduced its operational losses from €1.142 billion to €304 million due to lower interest rates, but it will not be paying dividends to the state even after returning to profit.

The Bank of Portugal reports that 7,400 clients, primarily medium-sized export-oriented companies affected by bad weather, have requested a moratorium on €930 million in credits.

The Portuguese association PRO.VAR disputes the Bank of Portugal's assessment of growth in the restaurant sector, warning that the numbers hide the destruction of local restaurants and a potential collapse.

Portugal's Chega party has challenged the government, questioning its 'scapegoats' after the rejection of an audit into the former Bank of Portugal governor. The audit, requested by the PSD, concerned discrepancies between forecasts and the 2025 budget surplus.

A study by the Bank of Portugal estimates that immigrants receive unemployment benefits and other social welfare payments for less than 5% of their time residing in the country, compared to Portuguese citizens.

A study by the Bank of Portugal, cited by Álvaro Santos Pereira, indicates that the majority of immigrants in the country are working and receive fewer subsidies compared to Portuguese citizens.

Álvaro Santos Pereira, Governor of the Bank of Portugal, stated that Storm Kristin should serve as a lesson for national planning, suggesting Leiria could be a test case for preparing for future extreme meteorological phenomena.

The Portuguese Parliament has unanimously approved a request to hear Álvaro Santos Pereira, the Governor of the Bank of Portugal, in the Committee on Budget, Finance, and Public Administration.

A study by the Bank of Portugal reveals that among the 54.8% of Portuguese who managed to save, the majority kept their funds in current accounts, detailing the relationship between Portuguese citizens and their savings.

The Bank of Portugal, through Francisca Guedes de Oliveira, emphasized the banking sector's crucial role in supporting the economy's recovery, recalling its importance during the pandemic and recent storms for families and businesses.

The Bank of Portugal is considering implementing fees on banks to cover the costs associated with its supervisory activities, as Portugal is one of the few countries where such a fee is not yet charged.

Official data from the Bank of Portugal shows foreign direct investment reached €6.7 billion between January and June, with real estate accounting for €1.7 billion of the total.

Investment in Portuguese savings certificates reached a new record in July, growing for the 22nd consecutive month to 43.851 billion euros, according to the Bank of Portugal.

The Bank of Portugal is set to open a new branch in Bragança, following a public awareness campaign against fraud in the municipal market.

The Bank of Portugal has implemented new rules aimed at moderating new home loan approvals, which may lead some families to opt for smaller homes, though banks do not foresee a significant impact on lending targets.

The Portuguese Constitutional Court has ruled that the Bank of Portugal lacks the authority to set the rates for additional contributions to the Resolution Fund.

The Portuguese Competition Authority has suggested to the Bank of Portugal the creation of a comparator for deposit interest rates. This initiative aims to boost customer mobility and enhance competition among banks.

According to the Bank of Portugal, the Trás-os-Montes region has the worst ATM and bank branch coverage in the country, with Alentejo also experiencing similar problems.

Mário Centeno, the former Governor of the Bank of Portugal, has offered critical remarks on the proposed reformulation of the central bank's headquarters project.

The OECD's analysis of labor contracts found rigidity in the market, while the Bank of Portugal's examination of actual worker trajectories indicated significant movement and flexibility.

The Governor of the Bank of Portugal expressed regret over an 'imprudent' share purchase that resulted in a capital gain of 3,361 euros, which he donated to Make a Wish, acknowledging it as an error.

The Swiss central bank has stated that UBS already possesses enough capital to meet proposed new regulatory requirements. This assessment comes as the Bank of Portugal also addresses credit policies.

New rules for cryptoassets are coming into force this week in Portugal, designating the Bank of Portugal and the Securities Market Commission as the regulatory and supervisory bodies.

Nearly a third of new home loans in Portugal were issued with minimum spreads, contributing to a decrease in the housing credit default ratio in 2025, which has alleviated concerns for the Bank of Portugal regarding negotiated spreads.

The Bank of Portugal has been ordered to pay 30,000 euros to a former employee for moral harassment, after the worker was stripped of duties and the bank's passivity prolonged the situation.

The Bank of Portugal has revised its investment and import forecasts upwards for the year, attributing the increase to the impact of a data center in Sines, which is attracting more investment but also leading to higher imports.

The Bank of Portugal estimates that net immigration into the country will fall by more than half in 2025, from 13,200 people per month in 2024 to 6,200 per month.

The Bank of Portugal (BdP) reported that a general strike led to a 5.1% decrease in economic activity. This highlights the significant impact of the strike on the national economy.

A study published by the Bank of Portugal (BdP) concludes that personal loans contracted through intermediaries are more expensive, with differences potentially reaching 1.2 percentage points.

The Portuguese Socialist Party (PS) voted against the Universal Social Benefit in its current form. Additionally, the PS requested an audience with the Governor of the Bank of Portugal to discuss interest rates.

Caixa Geral de Depósitos is taking legal action against the Bank of Portugal in the Santarém court, challenging a 9,000 euro fine imposed by the supervisor related to a 10 euro note.

The Bank of Portugal has expressed concern over new AI risks, particularly regarding cybersecurity, which could affect confidence in the banking sector.

The Bank of Portugal, led by Álvaro Santos Pereira, is seeking increased government authority to make credit rules binding rather than mere suggestions for commercial banks, particularly concerning youth credit.

According to the Bank of Portugal, the total debt of families, businesses, and the state increased by 5.4 billion euros. The private sector accounted for 489.3 billion euros and the public sector for 378.8 billion euros of the total.

The Bank of Portugal is assessing options to facilitate customers' ability to switch bank accounts, considering solutions like IBAN portability which international rules currently impede.

Salaries for top positions at the Portuguese insurance supervisor remain at their maximum levels, though they are still lower than those at the Bank of Portugal, following a controversy with the Court of Accounts.

Portuguese banks are being compelled to return millions of euros to customers due to undue charges, a mechanism triggered by the Bank of Portugal's supervision and analysis of customer complaints.

The Bank of Portugal (BdP) seeks to streamline the complex structure of bank pricing to improve the utility of its commission comparison tool, which is currently hindered by the intricacy of banking offers.

An opinion piece argues that there is no convincing justification for the ECB and the State to continue protecting banks at the expense of depositors and taxpayers, highlighting the gains of banks, losses of the Bank of Portugal, and the state's foregone revenue.

The president of CAP (who was clear), the Minister of Justice (who was confused), and the Governor of the Bank of Portugal (who should speak) are the Good, the Bad, and the Ugly.

Álvaro Santos Pereira, the Governor of the Bank of Portugal, reportedly purchased shares in companies such as Galp and JM after assuming his position. This action has raised questions regarding his financial dealings while in office.

The Bank of Portugal investigated 479 illicit financial activities in 2025, marking a 45% increase compared to the previous year, with over half of these cases involving fraudulent schemes. Twenty-five cases were forwarded to the Public Prosecutor's Office for further action.

The Bank of Portugal is preparing measures to "cool down" credit, as public guarantees, which the government plans to increase, have elevated risks for clients, with new regulations expected in the coming weeks.

A critical commentary suggests that obtaining funds from the Portuguese state is excessively easy, highlighting issues with the Bank of Portugal governor, President Marcelo, and administrative courts.

The Governor of the Bank of Portugal, Álvaro Santos Pereira, has publicly questioned the widely reported 'crisis in the restaurant sector,' citing data from the National Statistics Institute (INE) to suggest its real dimension may be overstated.

The Bank of Portugal has imposed a new obligation for 2026, requiring banks to hold an additional €7.9 billion in capital as a protective measure against potential problems.

Ana Sofia Terlica Pereira, an economist from the Bank of Portugal and former advisor in the Costa governments, placed first in a competition for the Technical Budget Support Unit (UTAO) in the Portuguese Parliament.

Álvaro Santos Pereira, Governor of the Bank of Portugal, has refused to speculate on potential interest rate increases by the European Central Bank, emphasizing the need to "keep a cool head" given the Eurozone's current situation differs significantly from 2022.

The Bank of Portugal is celebrating its 180th anniversary by offering a virtual tour of its historical archive, which holds numerous stories about the bank and the country's past.

A study by the Bank of Portugal reveals that while the overall value of Portuguese military goods exports remains small, the export of drones is experiencing a significant and rapid increase.

The Portuguese political party Chega has called for the governor of the Bank of Portugal, Álvaro Santos Pereira, to explain the controversial pension agreement of former finance minister Mário Centeno, deeming it 'immoral'. André Ventura announced the party's intention to question the governor in Parliament.

Portuguese politicians are debating who should provide assistance regarding rising interest rates for housing, with PSD's Gonçalo Laje highlighting the role of the Bank of Portugal, PS's Miguel Costa Matos calling a 100% public guarantee a 'flop,' and Chega's Francisco Gomes accusing banks of a lack of 'solidarity.'

The Bank of Portugal reported that the stock of housing loans increased by 803 million euros in January, reaching a total of 111.7 billion euros. This marks the highest growth in housing credit since 2006.

The departure of the Bank of Portugal is expected to mark the end of Lisbon's Baixa district as a financial center, a development decades in the making.

A report indicates that young people frequently vary their emoji usage, while also noting the Bank of Portugal's plan to commission portraits of former governors.

The Bank of Portugal is launching a pilot project in Bragança, with municipal support, to provide in-person services to citizens, which may be expanded to other locations further from existing branches.

Rui Costa, president of Benfica, has been flagged by the Bank of Portugal for defaulting on over 20 million euros in credits related to a luxury development in Carnaxide, though his company states no mortgages were executed.

The Bank of Portugal has developed a new comparison tool for savings and deposit products. This initiative aims to promote competition among financial institutions and increase customer mobility.

The Bank of Portugal has confirmed unprecedented profits and solidity for the Portuguese banking sector in 2025. The increase in professionals is attributed solely to BNP Paribas, as the sector continues to adjust.

Álvaro Santos Pereira, Governor of the Bank of Portugal, advocates for a debate on labor reform and dismisses the government's "economic miracle" thesis.

The Bank of Portugal's new headquarters in Lisbon will be delayed until 2028, with an addendum to the contract expected in October, as explained to workers by the administration.

The Portuguese Socialist Party (PS) has requested detailed documentation regarding the new solution for the future headquarters of the Bank of Portugal. This request seeks transparency and comprehensive information on the project.

The current and former governors of the Bank of Portugal, Santos Pereira and Centeno, are scheduled to appear before Parliament today to discuss various matters, including the construction of the bank's new headquarters.

Mário Centeno and Hélder Santos Pereira are expected to explain the new Bank of Portugal building during two parliamentary hearings, which have been postponed multiple times and are now scheduled for July 9.

The International Monetary Fund (IMF) has expressed confidence in the resilience of Portugal's financial system and its ability to withstand shocks, supporting the Bank of Portugal's credit measures while also offering recommendations.

The Bank of Portugal reported a shift in housing credit trends, with mixed-rate loans decreasing to 75.4% of new credits from 81.5% in 2024, while variable-rate loans increased to 18.6% and early repayments fell by 7.2%.

Álvaro Santos Pereira, Governor of the Bank of Portugal, highlighted the single market as Europe's highest priority, warning against falling behind in the AI race and criticizing the lack of an 'insatiable' reform attitude in European countries.

The Bank of Portugal (BdP) estimates that the country has accumulated a housing deficit of 300,000 homes over the past decade, equivalent to the housing stock of "one Lisbon" or "two Portos." While minor improvements are noted, the deficit remains substantial.

The Bank of Portugal's latest economic projections indicate a growth rate below 2% for the current year and a return to a public deficit, with a 0.2% deficit expected this year and 0.5% next year.

Portugal's national minimum wage now represents 91% of the median private sector wage, a trend that has reduced wage inequality over the past 15 years. However, the Bank of Portugal warns of potential risks to productivity.

The Bank of Portugal warns that the compression of wage distribution, with the minimum wage now at 91% of the median, raises questions about worker incentives and economic productivity dynamics.

The average interest rate on new time deposits for individuals in Portugal increased by 0.02 percentage points in April compared to March, reaching 1.44%, according to the Bank of Portugal.

European and Portuguese banks show a timid presence in stablecoins, but the Bank of Portugal warns of potential risks that require careful attention.

The Bank of Portugal has suggested "interesting" alternatives to the government's public guarantee scheme for young people, implying disagreement with extending the current regime beyond the end of the year.

The Bank of Portugal has identified the risk of a 'correction in residential real estate prices' and 'climate shocks' as key national concerns. These issues represent the primary areas of worry for the financial supervisor.

Portugal's Minister of Justice is scheduled to meet with the Attorney General and will also speak at a conference on digital fraud, which will include the Governor of the Bank of Portugal.

Fraudulent schemes involving false promises of employment and investment continue to grow, resulting in losses of 5.3 million euros in the first half of 2025, with the Bank of Portugal identifying key techniques used by offenders.

Former Bank of Portugal governor Mário Centeno finds it "very strange" to legislate without foundation in numbers and argues that the priority should be to have "better flexibility" in the labor market, while ruling out political aspirations for now.

The number of credit intermediaries in Portugal has risen to 6,000, with thousands of new applications, handling over half of housing and consumer credit, prompting the Bank of Portugal to request changes to the legal regime due to serious detected failures.

Portuguese bankers are cautioning that young people may emigrate if public guarantees for housing loans are not extended beyond their scheduled end in 2026. They are advocating for the continuation of the scheme despite concerns from the Bank of Portugal.

A Bank of Portugal official, Santos Pereira, invested in the stock market despite rules prohibiting such investments for bank employees. He was informed of the rules but will donate the capital gains.

The Bank of Portugal announced that the housing loan moratorium, implemented after severe weather earlier this year, is set to expire on Tuesday, requiring beneficiaries to resume payments or contact.

The gold reserves held by the Bank of Portugal have seen an increase in their overall value, according to recent reports.

The Bank of Portugal's return to profitability by 2026 is threatened by the "war in Iran," which is impacting inflation and interest rates, despite a reduction in losses.

CDS-PP and Chega parties requested hearings for Bank of Portugal officials Centeno and Santos Pereira to explain the controversy surrounding the new headquarters in Entrecampos, as doubts intensified with documentation received in December.

Álvaro Santos Pereira of the Bank of Portugal warned that the Eurozone is "close to stagnation," citing low growth exacerbated by conflict and potential price pressure, urging the ECB to be ready to act.

Portugal's PSD party has postponed votes, for the second time in two weeks, to allow for a hearing with Mário Centeno regarding the acquisition and construction of the new central building for the Bank of Portugal, following requests from CDS and Chega.

In 2025, approximately 25% of new housing loans in Portugal were financed between 90% and 100% of the property's value, with public guarantees allowing banks to bypass the Bank of Portugal's 90% limit.

Santos Pereira, Governor of the Bank of Portugal, stated that administrators of the central bank should step down after their mandate, expressing no concern that ending the figure of administration consultants would hinder recruitment.

The Governor of the Bank of Portugal, speaking at a conference, emphasized the need for the country to be more preventive and less reactive, advocating for planning, adaptation, and energy diversification in response to increasingly frequent extreme events.

An analysis by the Bank of Portugal indicates that exports of military-use goods, particularly drones, are increasing due to the war in Ukraine, but still represent less than 1% of total exports.

The Bank of Portugal and other entities are proposing to strengthen financial literacy in teacher training programs. They suggest integrating these contents into master's degrees in education to better equip future educators.

Mário Centeno is leaving the Bank of Portugal after two decades, having reached an agreement on his departure. He is expected to dedicate his time to university teaching.

The Bank of Portugal is reportedly questioning banks about the low interest rates being practiced on housing loans, raising concerns about the sustainability of current mortgage values.