Regulatory Alerts2021-06-02
Instruction (Archive) No. 8/2021
Banco de Portugal issued Instruction No. 8/2021 to publish the maximum interest rates applicable to consumer credit contracts for the third quarter of 2021. This directive implements Article 28 of Decree-Law No. 133/2009 and applies to credit institutions and financial companies. The rates became effective on July 1, 2021, and are intended to protect consumers by capping the Effective Annual Percentage Rate of Charge (TAEG).
Share