Company Overview of Banco de Portugal
Banco de Portugal operates as the central bank of the Portuguese Republic. It involves in the supervision of credit institutions and financial companies, and the guarantee of deposits. The bank also offers the preparation, analysis, and publication of the monetary, financial, exchange, and balance-of-payments statistics. In addition, it provides a range of services to the government, banks, and companies. The bank manages the foreign assets of the country and acts as an intermediary in the international monetary relations of the state, as well as advises the government in the economic and financial fields. It also engages in the collection and compilation of the monetary, financial, foreign ...
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Key Executives for Banco de Portugal
Governor, Director and Member of the Advisory Board
Vice-Governor, Director and Member of the Advisory Board
Head of Legal Services Department - DJU
Head of Administrative Services Department - DSA
Head of Statistics Department - DDE
Compensation as of Fiscal Year 2017.
Banco de Portugal Key Developments
Lone Star Closes On Purchase Of Portuguese Bank
Feb 20 17
Banco de Portugal says it has picked Lone Star Funds for exclusive final negotiations on its bid to buy Novo Banco, S.A. by the Portuguese government from the collapse of major lender Banco Espirito Santo. The Bank of Portugal said on February 20, 2017, the negotiations aimed to finalize the terms of a sale to Lone Star.
Lone Star Funds Makes Strongest Bid To Buy Novo Banco
Jan 5 17
Banco de Portugal said that Lone Star Funds made the strongest bid for Novo Banco, S.A. The Bank of Portugal says it has invited the fund, based in Dallas, Texas, to deepen negotiations over the possible purchase, though it said rival bidders have expressed a willingness to improve their offers and would not be excluded.
Bank Of Portugal Reportedly End Talks With Bidders
Sep 15 15
Banco de Portugal has failed to sell Novo Banco, S.A, ending talks with all bidders as their offers remained too low, sources said. Earlier, the central bank had failed to reach a deal with Anbang Insurance Group Co., Ltd., which had presented the highest bid of the three potential buyers which includes Fosun International Limited (SEHK:656) and Apollo Global Management, LLC (NYSE:APO). The central bank has declined to comment. A source close to the sale said the process should resume at the end of this year, or at the start of 2016, and will include more options than just the sale of the bank's capital. Portugal's Central Bank is postponing the sale of Novo Banco, S.A. The Bank of Portugal's Board of Governors decided to interrupt the sale of Novo Banco given the current situation in which there are considerable elements of uncertainty," the central bank said in a statement on September 15, 2015. The Bank of Portugal said it planned to resume the sale of Novo Banco when its recapitalisation needs were known and when there are favourable conditions for obtaining offers close to the target price it had set.
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