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Banco de Portugal alerts: "Formiga Crédito" and "Formiga Crédit" cannot grant credit
Business

Banco de Portugal alerts: "Formiga Crédito" and "Formiga Crédit" cannot grant credit

SIC Notícias10 September 2026 at 11:13

Banco de Portugal issued a public alert about the entities "Formiga Crédito" and "Formiga Crédit", warning that they are not authorized to carry out any financial activity in Portugal.

According to the notice, these entities have been operating through the website formiga-pt.com, without the proper authorization.

Banco de Portugal clarifies that these companies "are not authorized to carry out, in Portugal, any financial activity reserved for institutions subject to supervision" by the regulatory entity.

This means that "Formiga Crédito" and "Formiga Crédit" cannot legally grant credit to consumers in Portuguese territory.

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