Banif to Resort to State Aid to Bolster Capital, Negocios Says
Banif SGPS SA (BNF), a Portuguese lender, is likely to resort to a portion of aid set aside by the government for non-state banks, Jornal de Negocios reported, citing the bank’s chief executive officer, Jorge Tome.
Banif will have to bolster its capital, and it’s natural that the bank resort to the state’s capitalization line in that process, Tome said, according to the Portuguese newspaper.
To contact the reporter on this story: Henrique Almeida in Lisbon at firstname.lastname@example.org
To contact the editor responsible for this story: Jerrold Colten at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.