EY’s audit to the Portuguese public bank, Caixa Geral de Depósitos (CGD), has revealed that the bank lent money to bad debtors, a decision which goes against the credit concession rules. This Thursday, the results of the audit are being debated in parliament. According to EY’s report, to which ECO had access, between 2007 and … Continue reading EY’s audit: credit concession to bad debtors meant 1.2BN in losses for Caixa Geral de Depósitos