The Bank of Portugal (BdP) issued a warning on Tuesday regarding two entities operating without authorization in Portugal: ‘AGRA FINANCIA’ and another entity active through the website ‘https://universofinancas.com/pt/’.
The Bank of Portugal stated that ‘AGRA FINANCIA,’ particularly accessible via the internet at https://finanxiagra.com, is not authorized to engage in credit granting or any other financial activity reserved for institutions supervised by the Bank of Portugal, as noted in an official communication released by the institution.
In another statement, the Bank of Portugal warned that the entity operating, notably via the internet at https://universofinancas.com/pt/ and the Facebook profile https://www.facebook.com/profile.php?id=61571269096771, is not authorized to conduct credit granting or any other financial activities reserved for institutions under Banco de Portugal’s supervision.
The banking supervisor reminded that credit granting activities, as outlined in paragraph b) of Article 4 of the General Regime of Credit Institutions and Financial Companies, approved by Decree-Law No. 298/92 of December 31, are reserved for legally authorized entities, according to Article 10 of the referred legal regime.
The list of entities authorized to grant credit can be viewed on the Banco de Portugal website at www.bportugal.pt, as recommended by the Bank of Portugal.
The full list of authorized institutions is available here.
Banco de Portugal issued over 1.8 million euros in fines in the second quarter
In the second quarter of this year, the Bank of Portugal (BdP) imposed fines totaling 1.885 million euros in concluded offense proceedings, as reported in a note published on its website.
During the second quarter of 2025, the Bank of Portugal initiated five and concluded 61 offense proceedings, the institution confirmed.
Of the five initiated proceedings, three pertain to infractions related to illicit financial activities, one to prudential nature infractions, and another to behavioral nature infractions.
As for the 61 concluded proceedings, 24 were for prudential nature infractions, 18 for behavioral nature infractions, 15 for offenses related to illicit financial activities, two for infringements regarding money laundering and terrorism financing prevention duties, and another two for breaches of cash recirculation rules.
According to the BdP, within the context of the concluded proceedings, fines totaling 1,885,500.00 euros were imposed, of which 449,750.00 euros were suspended in their execution.
In the second quarter of this year, the Bank of Portugal (BdP) imposed fines totaling 1.885 million euros in concluded offense proceedings, as reported in a note published on its website.
Lusa | 15:49 – 01/08/2025
