BdP alerts to two entities that cannot grant credits

“ O Banco de Portugal warns that entities acting under the designations ‘Financial Zone’ and ‘XNET BANK’, in particular, through the website xnetbanco. with, from the Facebook page ‘Financera Zona’’ and the email address , are not entitled to exercise, in Portugal, the credit granting activity or any other financial activity reserved for the institutions under the supervision of Banco de Portugal”, reads an alert released by the regulator.

According to points out, the lending activity “is reserved for entities legally empowered to do so”.

The list of entities authorised to grant credit can be found on Banco de Portugal’s website at www.bportugal.pt.