The Association of Indignados and Deceived Commercial Paper (AIEPC) and the Emigrants injured Movement (MEL) expected to join today about 500 people outside the headquarters of the New Bank in Lisbon for one more demonstration for the repayment of money invested.
The event takes place three days after the Bank of Portugal have received one of the three final offers for the purchase of the New magazine Bank. The Bank of Portugal clarified, however, that although only one has been revised, “binding proposals received on June 30 remain fully valid, while it was subsequently clarifications object in the context of the discussions with each of the three potential . buyers “
So keep on running to the purchase of the New Bank three candidates:. Chinese group Fosun and Anbang and the US group Apollo
The deadline for the delivery of the revised proposals ended on Friday at 17:00.
Also on Friday, the Administrative Court of the District Lisbon admitted an injunction filed by AIEPC, which requires the Bank Portugal inform the buyer Bank of New amount of commercial paper due to about 2,500 subscribers, which around EUR 530 million, ie to include this amount as an “impairment” in the accounts of the financial institution.
There are about 2,500 customers of the New Bank that acquired commercial paper Espírito Santo Group (GES) to the branches of Banco Espirito Santo (BES) totaling EUR 527 million that have not been reimbursed – not already known solution to this problem.
The Association of Indignados and Deceived Commercial Paper (AIEPC) has organized over the past few months several protests in cities across the country.
The BES such as he was known, over the August 3, 2014, four days after presenting a historical half-yearly loss of 3.6 billion euros.
The Bank of Portugal through a measure of resolution, took behalf of the institution founded by the Holy Spirit family and announced their separation, getting the assets and liabilities in a quality ‘good bank’, Novo Banco and liabilities and toxic assets in the BES, the ‘bad bank’ (‘bad bank ‘), which was without banking license.
To ensure the capitalization of the New Bank, the institution received an injection of 4,900 million euros by the banking resolution fund, a fund managed by the Bank of Portugal and which holds 100% of the capital of the New Bank. Of this amount, 3,900 million resulting from a loan made by the state and paid the remainder results from a loan also paid, made by various banks operating in Portugal and capital of the resolution fund itself.
Digital Diary with Lusa
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