The financial institution announced on Friday the results of 2014 year in which recorded a loss of 187 million euros, compared with losses of 298.6 million euros in 2013.
The results were announced a day after some media has come forward with the information that the former Minister Teixeira dos Santos should be the new CEO of Montepio Geral and that his name will be voted on at the next general meeting ( AG) taking place today.
Following this news, official source said that the institution Caixa Economica Montepio Geral (CEMG) ‘is underway at this time, a process of review of its Statute’, and that ‘being complex, it follows the requirements of the Legal Framework for Credit Institutions and Financial Companies, in particular on the need to separate the boards of Caixa Económica Montepio Geral and Montepio Geral – Mutual Benefit Association’.
Therefore, Montepio said that, “once the revised Statutes and defined the nominating committee, the associated rule will, namely as far as elections to be held not in date ‘.
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