Algarve Portal Blog

What's going on in the Algarve ?

Here you will find actual information about what's going on in the Algarve, including our own personal impressions and experiences. We are looking forward to your comments!

Next step to consolidate the banking sector in Portugal?

According to actual press publications the Spanish Caixabank and the financial investor Santoro from Angola have agreed on a price for the 18% shares in BPI currently held by Santoro. Santoro Finance Prestação de Serviços, SA is a company controlled by Isabel dos Santos, the eldest daught...

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BANIF sold to Banco Santander for 150 million €

The Portuguese BANIF (Banco Internacional do Funchal) will be split into a “good” and “bad” bank, with its healthy assets sold to Banco Santander of Spain as part of a state-backed rescue, Portugal’s central bank said on Sunday. The need for the rescue came after Banif had troubl...

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