Sunday, September 7, 2014

“I hope that the Bank of Portugal has done well the bills’ – Economic

"I hope that the Bank of Portugal has done well the bills' – Economic

Ana Maria Barroso

maria.barroso@economico.pt



& # x201C, I hope that the Bank of Portugal has done well x201D accounts & #;

Fernando Ulrich recalls in an interview with Express, the purpose of the support provided by the New Bank sector, banks are “forced” to participate in these solutions. And said he believed “the moment of truth will be when the bank was sold.”

The chief executive of BPI argues that the New Bank shall be sold “as soon as possible”, warning that the “moment of truth will be when the bank is sold.” In an interview this week-end to Expresso, Fernando Ulrich also said he hoped “that the Bank of Portugal has made good accounts”, otherwise the bank be sold “for example to Bilbao Vizcaya for one euro.”

Ulrich stressed several times throughout the interview that banks are in this “forced” operation and that is why we are willing to pay the difference between the sales value of the New Bank and € 4.9 billion fixed. “We’re in this forced”. “The board does not have to accept it, is a must.” The leader of the BPI also stressed that “the money that banks now put, the loan is a detail.

” The bank will always be sold, the price can be low and is not reach 4900 million, “Ulrich assumed.’s CEO BPI admitted, so that whichever recover through sale, you will see the invoice for each bank. “Everything depends on the extent of the injury, the time when it appears and the situation of each bank,” he said. “There will be banks that have capital to respond and banks will have to make capital increases” he added.

While on the process of sale of New Bank, stressed the importance of “selling the solution is found as soon as possible” and noted that “nothing is gained in postpone solution BPN . “

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