Updated on 18 February 2020
Banco CTT was registered on August 24, 2015 as a 100%-owned subsidiary of CTT (Correios de Portugal). Banco CTT will be focused on mass-market products prodiving simple and competitive products. The operations will be supported in local offices of CTT, leveraging its nationwide coverage and extensive experience in providing financial services and via online and mobile channels.
Abanca Corporación Bancaria (ABANCA) is a Spanish bank, established in 2011. The bank provides retail and corporate banking services. Abanca Corporación Bancaria, SA, Sucursal em Portugal operates as a branch of Abanca Corporación Bancaria, S.A. (Spain).
Established in 1840 in Lisboa, Montepio is a Portuguese mutual savings group. Caixa Económica Montepio Geral is a member of Montepio Group providing retail and corporate banking products and services to individuals, self-employed professionals, entrepreneurs, SMEs and business entities.
Caixa Central - Caixa Central de Crédito Agrícola Mútuo, CRL was founded in 1984 to become the financial head of Crédito Agrícola Group, a Portuguese cooperative banking group. In 1994 Caixa Central broadened its scope of activities and started operating as a universal bank.
Bankinter is a Spanish universal bank, founded in June 1965 by Banco de Santander and Bank of America. In April 2016 Bankinter closed the purchase of Barclays' retail business in Portugal thus forming Bankinter, SA - Sucursal em Portugal.
Deutsche Bank is a universal bank, one of the biggest European banks in terms of total assets. Deutsche Bank has large presence in Europe, the Americas, Asia-Pasific countries and emerging markers. Deutsche Bank provides a wide range of retail, corporate and investment banking products as well as asset and wealth management. Deutsche Bank Aktiengesellschaft - Sucursal em Portugal operates as a branch of DEUTSCHE BANK AG (Germany).
Banco Comercial Portugues was esstablished in 1985. In 2004 Banco Comercial Portugues was rebranded as Millennium BCP and Banque BCP. Banco Comercial Portugues operates as a universal bank, providing a broad range of retail, private, corporate and investment banking products and services.
BEST - Banco Electrónico de Serviço Total, SA was established in 2001 and is specialized in providing retail banking, asset management and securities trading solutions. BEST - Banco Electrónico de Serviço Total operates as a subsidiary of Novo Banco.
Novo Banco is a successor of Banco Espírito Santo (BES) establised in August 2014 by the Bank of Portugal as a bridge bank (or a "good bank") to rescue assets and liabilities of BES. The only owner of Novo Banco is a special bank Resolution Fund, the fund will continue to own the bank until the bank is sold to new owners. Novo Banco provides products and services in retail and investment banking, asset management and insurance.
Banco ActivoBank is a direct bank, specialized in providing retail banking and online trading products and services via Internet.
Caixa Geral de Depósitos (CGD) is the largest bank in Portugal, 100%-owned by the Portuguese government. CGS is a universal bank, having a substantial market share in retail and corporate banking in Portugal. CGS also provides specialized financial services, investment banking and insurance.
Banco Português de Investimento (Banco BPI, eng: Portuguese Investment Bank) is a head company of BPI Group, focused on corporate and retail banking activities and provision of investment banking services, asset management and insurance.
Established in 1857, Banco Santander is now the largest bank in Spain in terms of total assets. The bank's main business activity is retail banking which provides more than a half of the bank's income. Banco Santander Consumer Portugal, SA operates as a subsidiary of Banco Santander (Spain).
Established in 1896, Caixa Económica da Misericórdia de Angra do Heroísmo (CEMAH) is a universal bank, focused on providing retail and corporate banking products and services to the residents of the Azores Islands.
Portugal: This product is offered to Portuguese residents only. When clicking on the product link you will be redirected to the product page in Portuguese.
Mortgage loans are secured loans used for real estate financing purposes (for example, purchase of a new or existing property, construction of an own property, property renovation) without paying the entire value up front. A mortgage loan is secured (or backed) by the collateral of specified real estate property.
The table above shows essential details of selected mortgage products offered to retail customers by the banks in Portugal: currency, borrowing rate per annum, lending amount and mortgage term. The mortgage loans terms vary from 1 to 50 years. The borrowing rates are within the range 1.87 - 4.75 %.