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Portugal

Who we are

Portugal at a glance

Portugal is located in southwestern Europe with a population of approximately 10.3 million people. The country is divided into 18 districts and 308 municipalities. The capital city Lisbon is the largest city.

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Banking

There are approximately 138 financial institutions operating in Portugal, with some of the largest being Banco Santander Totta, Novo Banco and Caixa Geral de Depósitos. The central bank of Portugal is the Banco de Portugal
Website:https://www.bportugal.pt
Address: R. do Comércio 148, 1100-150 Lisboa, Portugal
Email:info@bportugal.pt.

Peer-to-Peer Lending Regulations

Peer-to-peer (P2P) lending is regulated by the Bank of Portugal and the Securities Market Commission (CMVM).
Website: https://www.cmvm.pt/.
Address: Rua Laura Alves, 4, 1069-169 Lisbon, Portugal
Email: cmvm@cmvm.pt.
Phone: +351 217 946 000

Financial Regulators

The primary financial regulator in Portugal is the Bank of Portugal (BdP), which is responsible for overseeing the country’s financial system and implementing monetary policy. The BdP is supported by other financial regulators, including the Securities Market Commission (CMVM) and the Portuguese Insurance and Pension Funds Supervisory Authority. These organizations work to protect consumers, maintain market stability and promote competition in the financial sector.

Small Claims Procedure

In Portugal, small claims (reclamação de pequeno valor) are handled by the “Julgados de Paz,” which are special courts that deal with civil disputes with a value of up to €5,000. The process for filing a small claim involves submitting a written request to the competent court, which includes a detailed description of the dispute and any relevant evidence. The court will then schedule a hearing to mediate the dispute and attempt to reach a resolution.