EuroBic
EuroBic was a Portuguese retail and business bank serving approximately 240,000 clients through branches and its Eurobic Net digital platform. Acquired by Spanish group ABANCA in November 2025, with all accounts migrated to ABANCA's banking platform.
- Company typePrivate
- Founded2008
- HeadquartersLisbon, Portugal
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What EuroBic does
EuroBic was a Portuguese retail and business bank that served approximately 240,000 individual and SMB clients across Portugal prior to its acquisition by ABANCA. Founded in 2008 and headquartered in Lisbon, the bank operated as a full-service provider of deposits, lending, payment services, and digital banking. Its client base consisted primarily of retail consumers and small-to-medium businesses with general banking needs including savings, current accounts, loans, and payment processing.
The bank's product portfolio centered on standard banking services delivered through a physical branch network and a proprietary online banking platform, Eurobic Net. Eurobic Net functioned as the primary digital channel for account access and was integrated with payment infrastructure including SIBS for ATM access and VISA for card transactions. Beyond Eurobic Net, the bank offered deposit products, credit facilities, and standard current accounts. No proprietary AI, advanced analytics, or differentiated core-banking technology is referenced in the available data.
EuroBic generated revenue through conventional retail-banking economics — net interest income on deposits and loans, transaction fees, and payment service charges across its approximately 240,000-account base. Following ABANCA's acquisition, all EuroBic accounts were migrated to ABANCA's banking platform between November 24 and November 30, 2025, with new IBANs issued, Eurobic Net deactivated, and clients transitioned to ABANCA's Mobile Banking App, Online Banking, and Broker Online. Post-migration, ABANCA operates 230 branches and over 2,000 employees in Portugal, part of a group of more than 8,000 professionals across 11 countries in Europe and the Americas.
EuroBic firmographics
Firmographics- Name
- EuroBic
- Legal name
- EuroBic
- Website
- https://eurobic.pt
- Company type
- Private
- Founded year
- 2008
- Operating status
- Acquired
- Headcount range
- 1,001–5,000 employees
- Short description
- EuroBic was a Portuguese retail and business bank serving approximately 240,000 clients through branches and its Eurobic Net digital platform. Acquired by Spanish group ABANCA in November 2025, with all accounts migrated to ABANCA's banking platform.
- Ownership category
- akta.pro rank
EuroBic industry classification
Industry- Product category
- Retail Banking
- NAICS
- Commercial Banking (52211)
- SIC
- Commercial Banks, Nec (6029)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
Keywords
Where EuroBic is headquartered
LocationHeadquarters
- HQ city
- Lisbon
- HQ country
- Portugal
- HQ region
- Europe
Offices1 record
Markets served
EuroBic business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Banking Services: EuroBic operated as a full-service Portuguese bank providing retail and corporate banking services including deposits, lending, payment services, and digital banking to approximately 240,000 clients prior to acquisition by ABANCA.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels2 records
EuroBic product offering
Product offeringCore offering
EuroBic was a Portuguese retail and commercial bank that provided bank accounts, deposits, lending, credit facilities, payment services, and online banking to approximately 240,000 individual and business clients in Portugal. Its core offering centered on traditional banking products delivered through a nationwide branch network and its Eurobic Net digital banking platform, both of which have been migrated to ABANCA following the November 2025 acquisition.
Product overview
EuroBic was a Portuguese bank that has been acquired by Abanca. Its product portfolio consisted of standard banking services including bank accounts and online banking (Eurobic Net). Following the acquisition, all EuroBic accounts and services have been migrated to Abanca's platform, with approximately 240,000 clients transitioning to new IBANs and Abanca's digital banking services including Mobile Banking App, Online Banking, and Broker Online.
Differentiator
Problem solved
Functional benefit
Products and services
- EuroBic Bank Accounts
- Eurobic Net (Online Banking)
Companies that use EuroBic
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
EuroBic technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature1 record
EuroBic partnerships and signals
Strategic signalScale indicators4 records
Recent moves5 records
Expansion highlights5 records
EuroBic competitors and assessment
Company assessmentDirect peers
- Novo Banco: Novo Banco is one of Portugal's largest retail and commercial banks, offering deposits, lending, payments, and digital banking to consumers and businesses. It is directly comparable to EuroBic as a domestic Portuguese full-service bank serving retail and SMB clients.
- Caixa Geral de Depósitos: Caixa Geral de Depósitos is Portugal's largest state-owned bank, providing comprehensive retail, business, and corporate banking services. It is directly comparable to EuroBic as a full-service Portuguese bank with a national branch network.
- Banco BPI: Banco BPI is a major Portuguese retail and business bank owned by CaixaBank, providing deposits, lending, and digital banking. It is directly comparable to EuroBic as a domestic Portuguese full-service bank serving retail and SMB customers.
- Millennium BCP: Millennium BCP is one of Portugal's largest private banks, offering retail, business, and corporate banking services. It is directly comparable to EuroBic in terms of product range, customer segments, and Portuguese market focus.
- Crédito Agrícola: Crédito Agrícola is a Portuguese mutual/cooperative banking group serving retail and agricultural businesses with a national branch network. It is directly comparable to EuroBic as a domestic Portuguese bank focused on retail and SMB customers.
- Santander Totta: Santander Totta is the Portuguese subsidiary of Banco Santander, offering retail, business, and corporate banking services. It is directly comparable to EuroBic as a Portuguese full-service bank with a national branch network.
Broad incumbents
- ABANCA: ABANCA is the Spanish banking group that acquired EuroBic, operating across 11 countries in Europe and the Americas. As the acquirer and parent entity, it represents the broader incumbent that has absorbed EuroBic's operations and customer base.
Emerging players
- Activobank: Activobank is a Portuguese digital bank focused on retail and SMB customers, offering accounts, lending, and digital banking services. It is an emerging peer to EuroBic in the Portuguese retail banking market, particularly relevant in the digital banking segment where EuroBic had been building its Eurobic Net platform.
- Banco CTT: Banco CTT is a Portuguese digital-first bank associated with the national postal service, offering retail banking products with a focus on digital channels. It is an emerging peer to EuroBic in the Portuguese retail banking space, particularly competing on digital banking for mass-market clients.
Regional players
- Bankinter Portugal: Bankinter Portugal is the Portuguese subsidiary of Spain's Bankinter, providing retail and business banking services. It is a regional peer to EuroBic with overlapping offerings, though primarily serving the Portuguese market from a Spanish banking group parent.
Market position
Strengths3 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
EuroBic social profiles
Digital presenceEuroBic financial estimates
Financial estimateRevenue estimate
Valuation estimate
EuroBic leadership team
Management profileNumber of profiles
EuroBic funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EuroBic M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EuroBic
What does EuroBic do?
EuroBic was a Portuguese retail and commercial bank that provided bank accounts, deposits, lending, credit facilities, payment services, and online banking to approximately 240,000 individual and business clients in Portugal. Its core offering centered on traditional banking products delivered through a nationwide branch network and its Eurobic Net digital banking platform, both of which have been migrated to ABANCA following the November 2025 acquisition.
Is EuroBic a public or private company?
EuroBic is a private company. It is classified as corporate owned and is currently acquired.
When was EuroBic founded?
EuroBic was founded in 2008. It employs 1,001 to 5,000 people.
Where is EuroBic based?
EuroBic is headquartered in Lisbon, Portugal, in the Europe region.
How does EuroBic make money?
One revenue line is on record: banking Services.
Who are EuroBic's main competitors?
Direct peers on record are Novo Banco, Caixa Geral de Depósitos, Banco BPI, Millennium BCP, Crédito Agrícola and Santander Totta. ABANCA is listed as a broad incumbent. Emerging players are Activobank and Banco CTT. Bankinter Portugal is listed as a regional player.
Does EuroBic have an API?
No public API is recorded for EuroBic.
What industry is EuroBic in?
EuroBic's product category is Retail Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 52211 and its SIC code is 6029.