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July 31, 2015 10:20 PM ET

Banks

Company Overview of Banco de Portugal

Company Overview

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 ...

Rua do Ouro 27

Lisbon,  1100-150

Portugal

1,687 Employees

Phone:

351 21 321 3200

Fax:

351 21 346 4843

Key Executives for Banco de Portugal

Head of Banking Supervision Department - DSB
Head of Payment Systems Department - DPG
Head of Oporto Branch
Head of Legal Services Department - DJU
Head of Administrative Services Department - DSA
Compensation as of Fiscal Year 2015.

Banco de Portugal Key Developments

Timing of Sale Of Novo Banco Depends On Offers

Banco de Portugal expects binding offers for Novo Banco, S.A. by June 30, 2015 and the time-frame for completion will be determined by how close they are, as per Bank of Portugal's Governor Carlos Costa. Bank of Portugal received five non-binding offers for Novo Banco in April and is now awaiting binding offers by a deadline on June 30, 2015. "The binding offers have to be presented by June 30 and after that there will be a selection phase of the buyer, which will depend on whether the offers are more or less close, and on the contacts with the competent entities in the process, competition authorities and the European Commission," Carlos Costa said.

Banco Espírito Santo SA Subordinated Debt Holders Files Legal Challenge against the Banco de Portugal

Banco Espírito Santo SA subordinated debt holders filed a legal challenge against the Banco de Portugal rescue process for the lender. In the August intervention, subordinated creditors were transferred to a bad bank while senior creditors were moved to the good bank called Novo Banco SA.

Portugal Reportedly Sounds Out Spanish Banks On Novo Banco Sale

Banco de Portugal has reportedly begun sounding out Spanish banks on their interest in buying Novo Banco, S.A., several sources familiar with the talks said on Tuesday. Banco Popular Espanol S.A. (CATS:POP) was among those approached by the Bank of Portugal, the sources said. "For now there is no formal sales process, nor is it clear exactly how much of Novo Banco is up for sale, though it's estimated to be about €70 billion worth of assets," one of the sources said, on condition of anonymity. Other potential suitors include Banco Santander, S.A. (CATS:SAN), Banco de Sabadell, S.A. (CATS:SAB), Banco Bilbao Vizcaya Argentaria, S.A. and Banco Portugues De Investimento, S.A.

Recent Private Companies Transactions

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