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, Member of The Advisory Board, Chairman of Specialised Committee for Financial Supervision & Stability and Chairman of Committee for Risk & Internal Control
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 2016.
Banco de Portugal Key Developments
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.
Apollo Global Management Reportedly In Talks To Acquire Novo Banco
Sep 1 15
Apollo Global Management, LLC (NYSE:APO) reportedly in talks to acquire Novo Banco, S.A. from Banco de Portugal. The sources said the central bank had invited Apollo for talks. "The second candidate invited (to exclusive talks) is Apollo," one of the sources said. According to Reuters, Apollo was not immediately available for comment.
Bank Of Portugal Ends Merger Talks For Novo Banco
Sep 1 15
Banco de Portugal has ended negotiations with a potential buyer of state-rescued Novo Banco, S.A. after failing to reach an agreement, saying that it will now start talks with the second-placed bidder for the bank. "As no agreement has been reached, the Bank of Portugal decided today to end those negotiations and invite the second-placed potential buyer into negotiations," the bank said in a statement on Tuesday. The central bank said in a statement it was starting talks with another bidder, also unnamed. It said a third bid remains on the table.
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