“It will be very difficult to” buy Novo Banco BPI – Expresso

"It will be very difficult to" buy Novo Banco BPI – Expresso

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In an interview published in today’s edition of the “Economic Daily”, Artur Santos Silva, “chairman” of the BPI says the New Bank to be sold as quickly as possible. “It is very important that the sale of New Bank will be made as soon as possible,” says

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And the BPI, can participate in the buying process of the New Bank? “At first glance I think it will be hard to make that happen, by the demands of the effort that would have to be done,” says Santos Silva. “But at this time there are great conditions to ensure any prediction,” caveat

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What that administration BES is accused “is very serious,” said Santos Silva. “Over the recent years there were several signs that revealed difficulties in BES and GES. But I never thought the situation was that we were described either by the accounts that were published with the results of June, either by the Bank of Portugal to us “

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” There is an element that was destroyed, which is the brand that is an important intangible asset of a bank … “adds the” chairman “of the BPI. “It is a valuable brand that disappears Novo Banco not have this asset..”

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About the model resolution adopted, Santos Silva says he is concerned about “how all this will be executed mainly because the scheme does not provide for any participation of the banks.” But concludes that “the solution of the settlement was unthinkable”

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About the Bank of Portugal, “the My assessment today regarding the ability of the regulator is very positive. ”

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Artur Santos Silva led the executive management of the BPI when, at the turn of the century, there were negotiations with the BES aimed at a merger. These negotiations aborted, having existed an agreement of silence about the reasons for miscarriage. Even today this agreement remains at Santos Silva does not comment. But he says, in an interview today that “even though the merger did not happen”

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