The Bank of Portugal (BdP) issued a warning today regarding the entity ‘Luis Company Lda’, which operates through the website https://luis-company.pt/, stating it is not authorized to conduct credit granting activities in Portugal.
BdP stated that “the entity named ‘Luis Company Lda’, operating through the website https://luis-company.pt/ and a Facebook profile, is not authorized to conduct credit granting or any other financial activities reserved for institutions under the supervision of the Bank of Portugal in Portugal.”
The credit granting activity, as stated in point b) of paragraph 1 of article 4 of the General Framework for Credit Institutions and Financial Companies, approved by Decree-Law No. 298/92 of December 31, is reserved for entities legally authorized for this purpose, according to article 10 of the mentioned legal regime.
The list of entities authorized to grant credit can be found on the Bank of Portugal’s website at www.bportugal.pt.
