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Euler Hermes, world leader in credit insurance, already holds 8.5% in Cosec, but is interested in increasing its holding with the aim of dominating the Portuguese market, where Cosec currently holds a 65% share of credit insurance business. Euler Hermes...
#Allianz#insurance
The Portuguese parliament has approved the government’s Budget Bill for 2004 that slashes corporate taxes amid growing economic instability. The…
#Boost#exports#GDP
#securitisation
The Portuguese government has introduced several changes to the 1999 Securitisation Law with a view to improving the domestic securitisation…
#capital requirements#management#receivables
Banco Comercial Portugues has reported net income for the first quarter of 2003 at Ђ95.6m, 36.7% up from the last…
#asset management#Boost#leasing
Banco Espirito Santo Overseas Ld has published results showing consolidated net profit reaching Euro 222.1m, which corresponds to an increase…
#insurance#international#international factoring
In accordance with article 248 of the Portuguese Securities Code (Codigo dos Valores Mobiliarios), Banco Comercial Portugues (BCP) announced that…
Euroges, Banco Espirito Santo Group’s factoring division has enjoyed a successful first half this year. The company’s results show that…
The Lisbon-based Banco Espirito Santo, the principal subsidiary of the Espirito Santo Financial Group S.A., today announced its 2001 First…
It was announced yesterday that the Spanish Bank Banco Popular Espaсol will be purchasing a 50% stake in Heller Factoring…
#bank
The French based bank Crйdit Lyonnais has sold 85% of its Portuguese subsidiary Crйdit Lyonnais Portugal to the Spanish bank…