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The Banco de Portugal ( English: Bank of Portugal) is the Portuguese member of the Eurosystem and has been the monetary authority for Portugal from 1846 to 1998, issuing the Portuguese escudo. Since 2014, it has also been Portugal's national competent authority within European Banking Supervision. [3] The bank was founded by royal charter in ...
Banif – SGPS, S.A. Banif Financial Group ( Portuguese: Banif - Grupo Financeiro) was a Portuguese international financial services group associated with Banco Internacional do Funchal. The company had a presence in Europe, South America, North America, Africa and Asia. In 2015, it was bailed-out by the Portuguese state and sold to Santander ...
The return to Portugal began in 1986 in partnership with Crédit Agricole and with the support of a core group of Portuguese shareholders. They formed the Banco Internacional de Crédito (BIC), also forming Espírito Santo Sociedade de Investimentos (ESSI), together with Swiss bank UBS and KBC Bank of Luxembourg.
The bank is primarily active in Portugal and Spain, Angola and Mozambique. In Angola, BPI is the market leader in corporate banking and its activity reached a 25% market share on its 50.1% stake in Banco de Fomento Angola (BFA) with 750,000 customers (as at December 2010). In Mozambique, the BPI maintains a 30 percent stake in the bank BCI Fomento.
10 April 1876. ( 1876-04-10) Headquarters. Lisbon, Portugal. Key people. Paulo Macedo (CEO) Website. www .cgd .pt. Caixa Geral de Depósitos (CGD) ( Portuguese pronunciation: [ˈkajʃɐ ʒɨˈɾal dɨ ðɨˈpɔzituʃ]) is a Portuguese state-owned banking corporation, and the largest bank in Portugal, established in Lisbon in 1876.
Banco Espírito Santo : bailed-out by the Portuguese state in 2014 and re-organised into Novobanco. Banco Português do Atlântico. Banco Português de Negócios : sold to the Angolese Bank Banco BIC in 2012. Banco Privado Português. Banif Financial Group : bailed-out by the Portuguese state in 2015 and sold to Banco Santander.
Novobanco or Novo Banco, SA is a financial institution that stands out as one of the country's main commercial banks, based in Portugal. It was established on 4 August 2014, as a result of a restructuring and recapitalisation process by the Bank of Portugal to save the good assets of the previously bankrupt Banco Espírito Santo (BES).
In January 2013, the European Commission approved, under EU state aid rules, a rescuing recapitalisation totalling €1.1 billion granted by Portugal to Banco Internacional do Funchal S.A. for reasons of financial stability. The Portuguese Republic committed to provide a far-reaching restructuring plan for Banif by 31 March 2013.