BANCO PRIMUS, SA

Banco Primus, S.A. is a Portuguese credit institution focused on consumer finance, with an emphasis on auto finance and personal loans distributed primarily through dealer partnerships and remote channels. It is authorized and supervised by Banco de Portugal within the EU prudential framework (CRD/CRR) and publishes audited annual reports and Pillar 3 disclosures, allowing prospective customers and counterparties to assess capital, risk management, and funding structures. Deposits, where offered, fall under the Portuguese Deposit Guarantee Fund with coverage up to €100,000 per depositor and institution; lending activities follow the national Consumer Credit regime, requiring clear disclosure of the annual percentage rate (TAEG), total cost metrics (such as MTIC), and statutory rules on early repayment compensation. Pricing commonly includes an opening commission and interest at fixed or variable rates that may be indexed to Euribor, with underwriting based on income verification and credit bureau data; repayment schedules and fee lists are provided in pre-contractual information. Customer service is delivered through remote channels, and complaints can be submitted via the mandatory Livro de Reclamações and escalated to Banco de Portugal or recognized consumer arbitration centers. The bank may also act as an insurance intermediary for payment-protection or related policies, subject to separate licensing. Individuals considering its products should review current rate grids, fees, eligibility criteria, and contractual terms, and weigh interest-rate risk, credit risk, and any bundled add-ons before signing.