Banking & Investment

Portugal's Novo Banco 2022 profit triples, could pave way for IPO

  • March 09, 2023 12:42 PM WET | Reuters
 Portugal's Novo Banco 2022 profit triples, could pave way for IPO

(Adds details) By Sergio Goncalves LISBON, March 9 (Reuters) - Portugal's fourth-largest bank, Novo Banco, announced on Thursday that profit tripled in 2022, boosted by higher interest rates and fewer

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Portugal's EDP to invest $27 bln to nearly double renewable capacity

Portugal's EDP to invest $27 bln to nearly double renewable capacity

  • March 02, 2023 03:27 PM WET | Reuters

(Adds quotes) By Sergio Goncalves and Nina Chestney LISBON/LONDON, March 2 (Reuters) - Portugal's largest utility, EDP said it will step up investment and spend 25 billion euros ($27 billion) over

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Portugal's EDP to boost green growth with $27 billion investment

Portugal's EDP to boost green growth with $27 billion investment

  • March 02, 2023 08:33 AM WET | Reuters

(Recasts, adds detail on investments) By Sergio Goncalves LISBON, March 2 (Reuters) - Portugal's largest utility, EDP, on Thursday said it would invest 25 billion euros ($27 billion) over four years

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REFILE-EDP Intends To Pursue Equity Raise Of 1 Bln Euros To Finance Tender Offer Over EDP Energias do Brasil

REFILE-EDP Intends To Pursue Equity Raise Of 1 Bln Euros To Finance Tender Offer Over EDP Energias do Brasil

  • March 02, 2023 07:28 AM WET | Reuters

(Adds missing investor on second bullet) March 2 (Reuters) - EDP Energias de Portugal SA : * INTENTS TO PURSUE EQUITY RAISE OF 1 BILLION EUROS TO FINANCE TENDER OFFER OVER ITS LISTED UNIT EDP ENERGIAS

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EDP Renovaveis Intends To Launch 1 Bln Euro Capital Increase To Partially Finance Updated Investment Plan

EDP Renovaveis Intends To Launch 1 Bln Euro Capital Increase To Partially Finance Updated Investment Plan

  • March 02, 2023 07:00 AM WET | Reuters

March 2 - EDP Renovaveis: * TO PARTIALLY FINANCE THE UPDATED INVESTMENT PLAN, EDPR INTENDS TO RAISE EQUITY, THROUGH THE INCREASE OF SHARE CAPITAL * ENTERED INTO AN INVESTMENT AGREEMENT ON MARCH 1,

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Portugal's EDPR to invest $22.34 billion until 2026, push green growth

Portugal's EDPR to invest $22.34 billion until 2026, push green growth

  • March 02, 2023 06:55 AM WET | Reuters

LISBON, March 2 (Reuters) - Portugal's EDP Renovaveis (EDPR) on Thursday announced plans to invest around 21 billion euros ($22.34 billion) to deploy 17 gigawatts (GW) of new renewable capacity until

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Inapa Says Banco Comercial Português Reduces Stake In Company From 10.123% To 9.952%

Inapa Says Banco Comercial Português Reduces Stake In Company From 10.123% To 9.952%

  • March 01, 2023 05:14 PM WET | Reuters

March 1 (Reuters) - Inapa Investimentos Participacoes e Gestao SA: * RECEIVED FROM BANCO COMERCIAL PORTUGUÊS, A COMMUNICATION BY WHICH NOTIFIES INAPA OF REDUCTION OF ITS QUALIFYING HOLDING AND VOTING

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Santander bets on Europe recovery, customers to lift profits and pay-outs

Santander bets on Europe recovery, customers to lift profits and pay-outs

  • February 28, 2023 01:14 PM WET | Reuters

* Lifts ROTE target to between 15-17% in 2023-2025 period * Raises pay-out in three-year strategy to 50% from 40% * Bank aims to add 40 million new customers by 2025 * Sees NII growing a CAGR between

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Santander Expects Profitability In Brazil To Be Flat In 2025 Vs 2022, CFO Says

Santander Expects Profitability In Brazil To Be Flat In 2025 Vs 2022, CFO Says

  • February 28, 2023 11:54 AM WET | Reuters

Feb 28 (Reuters) - Chief Financial Officer of Banco Santander SA, Jose Garcia Cantera: * EXPECTS PROFITABILITY IN BRAZIL TO BE FLAT IN 2025 COMPARED TO 2022 Source text for Eikon: Further company

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Santander Does Not Expect To See Cost Of Risk In The U.S. At Pre-Pandemic Levels

Santander Does Not Expect To See Cost Of Risk In The U.S. At Pre-Pandemic Levels

  • February 28, 2023 11:46 AM WET | Reuters

Feb 28 (Reuters) - Chief Executive Officer Banco Santander SA, Hector Grisi: * SAYS BANK DOES NOT EXPECT TO SEE COST OF RISK LEVELS IN THE U.S. SIMILAR TO THOSE BEFORE THE PANDEMIC Source text for

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Santander Is Not Considering Looking Again At Citigroup's Banamex, Chairman Says

Santander Is Not Considering Looking Again At Citigroup's Banamex, Chairman Says

  • February 28, 2023 11:40 AM WET | Reuters

Feb 28 (Reuters) - Chairman Of Spain's Santander , Ana Botin: * SAYS BANK IS NOT CONSIDERING LOOKING AGAIN AT CITIGROUP'S BANAMEX Source text for Eikon: Further company coverage: (Reporting By Madrid

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