The banks that financed the rescue of BES, through Resolution Fund, want to follow the decisions regarding the New Bank, highlighted by the sale of the institution, news on Monday the Business Journal .
This monitoring can be done through the creation of a formal monitoring committee to allow Portuguese banks that were the financial risk of the rescue operation had inside information about future decisions.
According to the newspaper, the proposed creation of the commission has been delivered to the Bank of Portugal, the organization decided that the rescue of the Bank through the Resolution Fund -. central bank has not yet responded to the claim of institutions
Even without binding force, the banks want, through this committee, to decide on the most important decisions to be taken and which have an impact on own interests of financiers Resolution Fund.
The banks are concerned with the recovery of EUR 4900 million injected into New Bank through the Resolution Fund.
If the sale of the institution that resulted from the division of BES in two, with the New Bank to focus the good assets namely retail activity, and the BES group the bad or risky assets, not allowing the fit of 4900 million euros, banks will have to take this loss of the remnant.
A quick sale of new institution has been advocated by the banks and the process is already underway, by engaging with this mission, BNP Paribas.
On Saturday, in his weekly commentary on the SIC, Maques Mendes said the New Bank will be sold in four or a maximum of six months and who have “no interest”.
The Social Democratic commentator said, this week, the Bank of Portugal will now meet with BNP Paribas to define the “chronology of Operations.”
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