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The Banco de Portugal ( English: Bank of Portugal) is the Portuguese member of the Eurosystem and has been the monetary authority for Portugal from 1846 to 1998, issuing the Portuguese escudo. Since 2014, it has also been Portugal's national competent authority within European Banking Supervision. [3] The bank was founded by royal charter in ...
The 2010–2014 Portuguese financial crisis was part of the wider downturn of the Portuguese economy that started in 2001 and possibly ended between 2016 and 2017. The period from 2010 to 2014 was probably the hardest and more challenging part of the entire economic crisis; this period includes the 2011–14 international bailout to Portugal and was marked by intense austerity policies, more ...
BPP Homepage (archived) Banco Privado Português ( BPP) was a Portuguese private bank based in Lisbon . Founded by João Rendeiro it is currently in liquidation. [1] [2] On 24 July 2009, Paulo Guichard and Salvador Fezas Vital, two former board committee members of BPP were suspended by Banco de Portugal, and joined João Rendeiro in the BPP ...
BES was the second-largest private financial institution in Portugal in terms of net assets (€80,700 million in March 2011), with an average market share of 20.3% in Portugal and 2.1 million clients. On 3 August 2014, Banco de Portugal, Portugal's central bank, intervened in the bank by applying a resolution measure that
9 July 1955. (1955-07-09) (aged 58) Lisbon, Portugal. Known for. Bank fraud. Artur Virgílio Alves Reis [a] ( Lisbon, 8 September 1896 – 9 July 1955) was a Portuguese criminal who perpetrated one of the largest frauds in history, against the Bank of Portugal in 1925, often called the Portuguese Bank Note Crisis .
3 November 1949 (age 74) Oliveira de Azeméis, Portugal. Alma mater. University of Porto. Occupation. Economist. Carlos da Silva Costa (born November 3, 1949, in Oliveira de Azeméis) is a Portuguese economist who served as Governor of the Bank of Portugal from June 7, 2010 [1] to July 20, 2020, when he was succeeded by Mário Centeno .
The Economic Adjustment Programme for Portugal, usually referred to as the Bailout programme, is a Memorandum of understanding on financial assistance to the Portuguese Republic in order to cope with the 2010–14 Portuguese financial crisis . The three-year programme was signed in May 2011 by the Portuguese Government under then-Prime Minister ...
Portugal's central bank is the Banco de Portugal, which forms part of the European System of Central Banks, and the major stock exchange is the Euronext Lisbon. The Portuguese economy has been steady, expanding continuously since the third quarter of 2014, with a yearly GDP growth of 1.5% registered in the second quarter of 2015.