Wednesday, August 20, 2014

Sonae guaranteed not to have suffered any impact on the situation of BES – RTP

Sonae guaranteed not to have suffered any impact on the situation of BES – RTP


 

 

 “The Company did not have any kind of relationship with the risk universe of the Holy Spirit Group”, an official source told Lusa Sonae, before adding that the new bank is “bench support” to several stores in the group and that relations have remained operating normally.
 

 The same source group led by Paulo Azevedo assured that Sonae has “the best relations with the Bank of New standpoint of operation.”
 

 Still, the macroeconomic perspective, the situation of the BES “undermines the economy as a whole” and generates concern to any economic agent cautioned.
 

 On 03 August, the Bank of Portugal took control of the BES, then the bank has submitted half yearly losses of € 3.6 billion, and announced the separation of the institution.
 

 The so-called bad bank (`bank` bad), a vehicle that keeps the name but that BES is in liquidation, were concentrated toxic assets and liabilities of the BES, as well as shareholders.
 

 In `bom` bank, the bridge bank which was called the New Bank’s assets and liabilities were not considered problematic.
 

TAGS: BES, Spirit, Sonae,

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