Amendments to the Portuguese Securitisation Law
The Portuguese government has introduced several changes to the 1999 Securitisation Law with a view to improving the domestic securitisation market.
The Portuguese government has introduced several changes to the 1999 Securitisation Law with a view to improving the domestic securitisation market.
Banco Comercial Portugues has reported net income for the first quarter of 2003 at Ђ95.6m, 36.7% up from the last quarter of 2002.
Banco Espirito Santo Overseas Ld has published results showing consolidated net profit reaching Euro 222.1m, which corresponds to an increase of 12.3%.
In accordance with article 248 of the Portuguese Securities Code (Codigo dos Valores Mobiliarios), Banco Comercial Portugues (BCP) announced that a joint meeting of the Board of Directors has approved the merger by incorporation of BCP Factoring,
Euroges, Banco Espirito Santo Group’s factoring division has enjoyed a successful first half this year. The company’s results show that fees and commissions were up by 22% in the first six months.
The Lisbon-based Banco Espirito Santo, the principal subsidiary of the Espirito Santo Financial Group S.A., today announced its 2001 First Half results.
It was announced yesterday that the Spanish Bank Banco Popular Espaсol will be purchasing a 50% stake in Heller Factoring Portuguesa. Heller Factoring is one of the larger players in the Portuguese market, achieving a turnover of Ј6.81m in 1999.
The French based bank Crйdit Lyonnais has sold 85% of its Portuguese subsidiary Crйdit Lyonnais Portugal to the Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA).