Latest articles from Peter Wise

Banco de Fomento Angola

Angolan business offers a lifeline for Portugal's banks

May 4, 2011

Portuguese banks have found that investment in its former colony Angola has provided growth at a time when its own domestic market is facing recession. 

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A rough ride

September 29, 2010

The Portuguese government has struggled to convince the international finance markets of its commitment to fiscal discipline, and this has prevented any easing of the country's funding problems and delayed economic recovery. However, deposits are bouncing back and industry is managing to maintain investment. Writer Peter Wise

Safe and Simple

May 5, 2010

The Portuguese government's tax amnesty on repatriated funds is expected to channel an influx of euros into the country's private banking sector. Yet banks must meet the post-crisis needs of investors with new portfolios favouring simpler structured products with a capital guarantee. Writer Peter Wise

The kindest cut

May 5, 2010

A €6bn privatisation initiative ushered in by the Portuguese government as part of a package of spending cuts could prove fertile for the country's investment banks and breathe new life into its capital markets. Writer Peter Wise

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Portugal's plan settles the nerves

May 5, 2010

The trials and tribulations of the Greek economy have caused a few nervous glances to be cast in the direction of Portugal, with some observers worried that the country could face a similar debt crisis. However, the Portuguese government's late budget and four-year austerity programme have gone a long way to allaying such fears. Writer Peter Wise

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A reliable model for a risk-averse world

August 4, 2009

Portugal's traditionally cautious approach to banking with a strong leaning towards public investment is being recognised by other countries as an effective, if temporary, approach during the current downturn. Writer Peter Wise

Weathering the storm

May 5, 2009

Although not caught at the epicentre of the financial hurricane, the Portuguese economy's hopes of an upturn after four years of slow growth have been hit by the global recession. However, the country's trade links with Africa and Latin America and its lack of subprime exposure are giving some cause for optimism. Writer Peter Wise

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Portuguese banks offer customers a safety net

May 5, 2009

In the wake of the global financial crisis, Portugal's leading banks are focusing on improving relations with both corporate clients and individuals, as well as expanding overseas, as a means to boost their ailing profit margins. Writer Peter Wise

Easy credit blows away

October 6, 2008

Portugal’s businesses have had to adjust to the financial climate change as the credit crunch makes itself felt, leaving simple funding a thing of the past. Writer Peter Wise.

An uphill climb for credit in Portugal

October 6, 2008

Global jitters and the escalating cost of financing have forced Portuguese banks to drastically alter their credit model. Writer Peter Wise.

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