Platform for NPL already has an executive manager

ECO News,

José Correia is unknown to the public, but well known in the banking sector. The manager is used to companies being restructured and has been chosen as the responsible for the new NPL platform.

NPL stands at its lowest in almost five years

ECO News,

Portuguese banks had a 15,392 million euros' portfolio of non performing loans in July - the smallest amount since December 2012. This decrease was a result of the cut back in companies' NPLs.

Banking is more dependent. ECB increases financing

ECO News,

It is the second consecutive month in which the European Central Bank increases its financing in the Portuguese banking. A sign that the Portuguese banking is more dependent on the central bank.

Technology giant buys data center in Lisbon

ECO News,

Equinix purchased Itconic, the company in charge of one of the most important data centers in Portugal. The deal is closed, it is worth 215 million euros and it includes three other centers in Spain.