Invoice BPN to the state will have more than 3,200 million – TVI24

The nationalization and reprivatization of the Portuguese Business Bank (BPN) cost more than 3,200 million euros by the end of 2015. The accounts are the Court of Auditors report monitoring of budget execution of the central government in 2015 released today.

at the end of 2015, the accumulated balance of budget revenues and expenses of nationalization and privatization of BPN and the establishment and operation of the respective societies-vehicle Parvalorem, Parups and Parparticipadas amounted to 3.2375 billion euros negative, “ the document says.

Court clarifies that the bill of 2015 results from the accumulated balance from previous years: from -735.8 million in 2011, -966.4 million in 2012, -468 million in 2013 -476.6 million in 2014, and -590, 8 million in 2015.

Since the value of last year’s “provisional” and can be fixed in opinion on the CGE [General State Accounts] 2015 and the cumulative total.

That is, the bill could still rise. It is that in addition to speaking the opinion on the CGE, the Court says not have 2015 data on the accounts of Parvalorem vehicles Parups and Parparticipada.

No end of 2014 (are not yet known the 2015 accounts) to Parvalorem and Parups, they had negative equity that amounted to 2.1387 billion and Parparticipadas 142.1 million, possibly burden on the State in the future “, the report said.

the BPN was nationalized in 2008, the first operation of its kind in Portugal since 1975. in September 2010, were created societies vehicle Parvalorem, Parups and ParParticipadas .

And four years after being put under the management of the Caixa Geral de Depósitos (CGD), BPN was sold to BIC bank in Portugal, entity Luso-Angolan capital.