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Entity that is not authorised to grant credit: PT Crédito
07 Nov. 2017
- Banco de Portugal warns that the “lending” services advertised on the internet at "www.linha-cpt.com", under the commercial name of "PT Crédito" or "PT Crédito Linha", do not belong to any entity authorised - in Portuguese territory, to grant credit or to carry out any other financial activity only authorised to the institutions subject to supervision of Banco de Portugal.
- Lending, as envisaged in Article 4 (1) (b) of the Legal Framework of Credit Institutions and Financial Companies (approved by Decree-Law No 298/92 of 31 December 1992) may only be performed by authorised undertakings, as laid down in Article 10 of the same Legal Framework, whose list is available for consultation on Banco de Portugal’s website.