State Bank CGD in court

The Intermunicipal Community of the Douro has slapped State Bank Caixa Geral de Depósitos with a lawsuit, citing the “reduction of service” across 19 boroughs. The community accuses the bank of ‘abandoning its clients’, ‘dismantling an essential public service’ and further damaging a territory that is already struggling with an aging, low density population. The intermunicipal community is made up of the boroughs of Alijó, Armamar, Carrazeda de Ansiães, Freixo de Espada à Cinta, Lamego, Mesão Frio, Moimenta da Beira, Murça, Penedono, Peso da Régua, Sabrosa, Santa Marta de Penaguião, São João da Pesqueira, Sernancelhe, Tabuaço, Tarouca, Torre de Moncorvo, Vila Nova de Foz Côa and Vila Real.