EuroBic

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.

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

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

• Retail banking services
• Commercial banking
• Deposit accounts
• Online banking platform
• Consumer lending

Headquarters

HQ city

Lisboa

HQ country

Portugal

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. 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

Core 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)

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature1 record

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct 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

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/eurobic

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EuroBic