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Top related persons:
Portugal's - 2 Antonio Costa - 2 illegalities - 2 Marcelo Rebelo de Sousa - 2 Antonio Horta - 2 Osorio - 2 Miguel Maya - 2 Pedro Castro Almeida - 2
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Lisbon Portugal Horta Caixa Depositos Buckingham Palace London Rights LISBON
Top related orgs:
Credit Suisse - 2 Lloyds Banking Group - 2 Santander Portugal - 2 Caixa Geral - 2 REUTERS - 1 Rights - 1 bcp - 1 Thomson - 1

Search resuls for: "Miguel Maya"


3 mentions found


☆ Portuguese Bankers Warn Political Instability Could Undermine Reforms, Public Finances
  + stars: | 2023-11-16 | by ( Nov. | At A.M. | ) www.usnews.com   time to read: +2 min
By Sergio GoncalvesLISBON (Reuters) - The resignation of Portugal's prime minister will trigger instability that could delay economic reforms, while making it harder for the country to keep a balanced budget and further reduce debt, bankers warned on Thursday. The government remains fully functional for the time being, at least until parliament has had its final vote on the 2024 budget on Nov. 29. He said reforms should create an environment for companies to achieve better results and compete more effectively globally. The 2024 budget projects economic growth will slow to 1.5% in 2024 from 2.2% expected this year and political instability may also delay public investment, such as using COVID recovery funds, and private investment. "Probably no one wants to invest when there is great instability," said Pedro Castro Almeida, CEO of Santander Portugal.
Persons: Sergio Goncalves LISBON, Portugal's, Antonio Costa, illegalities, Marcelo Rebelo de Sousa, Antonio Horta, Osorio, Miguel Maya, Pedro Castro Almeida, Paulo Macedo, Sergio Goncalves, Catarina Demony, Mark Potter Organizations: Credit Suisse, Lloyds Banking Group, Santander Portugal, Caixa Geral Locations: Lisbon, Portugal, Horta, Caixa, Depositos
☆ Portuguese bankers warn political instability could undermine reforms, public finances
  + stars: | 2023-11-16 | by ( Sergio Goncalves | ) www.reuters.com   time to read: +2 min
Antonio Horta Osorio, CEO of Lloyds Banking Group, arrives at a garden party at Buckingham Palace, London, May 22, 2018. The government remains fully functional for the time being, at least until parliament has had its final vote on the 2024 budget on Nov. 29. He said reforms should create an environment for companies to achieve better results and compete more effectively globally. The 2024 budget projects economic growth will slow to 1.5% in 2024 from 2.2% expected this year and political instability may also delay public investment, such as using COVID recovery funds, and private investment. "Probably no one wants to invest when there is great instability," said Pedro Castro Almeida, CEO of Santander Portugal.
Persons: Antonio Horta Osorio, Simon Dawson, Portugal's, Antonio Costa, illegalities, Marcelo Rebelo de Sousa, Antonio Horta, Osorio, Miguel Maya, Pedro Castro Almeida, Paulo Macedo, Sergio Goncalves, Catarina Demony, Mark Potter Organizations: Lloyds Banking Group, REUTERS, Rights, Credit Suisse, bcp, Santander Portugal, Caixa Geral, Thomson Locations: Buckingham Palace, London, Rights LISBON, Lisbon, Portugal, Horta, Caixa, Depositos
☆ Portugal's Millennium bcp 9-month profit jumps 63%, strong core income
  + stars: | 2022-10-31 | by ( Sergio Goncalves | ) www.reuters.com   time to read: +2 min
The lender netted 97.2 million euros ($96.1 million) between January and September, up from 59.5 million euros a year earlier. Profit in its domestic business more than doubled to 295.7 million euros. Its half-owned Polish subsidiary, Bank Millennium (MILP.WA), last week reported a nine-month loss of 270.5 million euros as it counted the cost of loan repayment holidays imposed on Polish banks in July. Millennium bcp's consolidated net interest income, or earnings on loans minus deposit costs, rose 32.7% to 1.54 billion euros in the nine months. Its fees and commissions grew 3.7% to 573.8 million euros.
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