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Portuguese Development Bank Pays Luxury Trips to Paris and Won't Reveal Cost
Business

Portuguese Development Bank Pays Luxury Trips to Paris and Won't Reveal Cost

ZAP Notícias14 September 2026 at 12:30

The Portuguese Development Bank will pay for a luxury trip to Paris for members of its Strategic Advisory Board and for the chairman of the executive committee, Gonçalo Regalado. The trip is scheduled for September 19 and is part of a meeting with a sovereign wealth fund.

The Strategic Advisory Board of BPF is composed of 20 personalities linked to various sectors of activity. It is an advisory body of a bank that is majority owned by the Portuguese State.

The Portuguese Development Bank is not revealing how many people will participate in the trip or how much the displacement will cost. This lack of transparency comes at a time when the institution is being questioned about the costs associated with this type of trip.

Why this matters

Readers in Portugal have reasons to be concerned about the use of public money, as it is a state-owned bank paying for a trip without transparency on costs. The lack of disclosure about the number of participants and the budget raises questions about the responsible use of public funds in a state institution.

About this summary

This is our short summary of a report published by ZAP Notícias on 14 September 2026 at 12:30; the full text stays with the publisher. In our feed it sits under Business. We currently carry 22521 items in that section.

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