Finance

ECB revokes license of Banco Empresas Montepio

Banco Montepio announced that the European Central Bank has revoked the license of Banco Empresas Montepio, affecting a deal with fintech Rauva.

18 August 2026Tagblick Newsdesk

AI-generatedWritten by an AI system, editorially responsible — how we work

Archive photo: ECB revokes license of Banco Empresas Montepio — Archive photoPhoto: schulzthomas874 · Flickr · BY

Banco Montepio announced on Tuesday that the European Central Bank (ECB) has revoked the license of Banco Empresas Montepio (BEM). The ECB's decision ends the process of selling BEM's license to the Portuguese fintech Rauva, which was announced in September 2023.

The agreement, which was valued at 35 million euros, was directly impacted by the revocation of the authorization, leaving the future of the partnership between Banco Montepio and Rauva uncertain. The revocation marks a notable conclusion to the negotiations that were underway.

This item was written by an AI system on the basis of the headlines and short teasers of the independently operating newsrooms named below. We disclose this under Art. 50(4), second subparagraph, of Regulation (EU) 2024/1689 (AI Act). Before publication we check origin and verifiability — anything that appears in only one place is not published — as well as language, substance and legally sensitive content. No separate substantive review of each individual item by a natural person takes place; we therefore do not rely on the exemption in Art. 50(4), second subparagraph, of the AI Act. Editorial responsibility for this publication rests with the person named in the imprint (§ 18 Abs. 2 MStV). Please report errors to [email protected] — we will correct or remove the item. Full reports are available from the sources listed.