Ana Maria Barroso
maria.barroso@economico.pt
A month and a half after taking office, the president of the Board of Directors of BES spoke on Friday for the first time, via a statement on the “enormous” challenges of managing the process of resolving the bank.
Maximum Luís dos Santos stressed that there is a “very delicate and complex financial situation”, but reminds that “contrary to what has sometimes been said” the bank “is not in liquidation.” Max Santos recalls, however, that the measure of resolution applied to BES , by the Bank of Portugal (BoP) “treated is an unprecedented event in the financial system Portuguese and even within the European Union “and yet his team decided to accept” this responsibility even aware of it and decided to give our best. “
The official explained that this period of months and using functions “was dedicated to start the process of creating an operational structure and to prepare, in conjunction with the Bank of Portugal and the New Bank, the separation process balances and to develop a set of measures aimed at preserving the value of the assets remaining in the BES “. Expresso, Eduardo da Cunha Stock, stressed that “the immediate priority is the customers.”
Also on Friday the Swiss financial regulator said it had initiated legal proceedings to declare the insolvency of the Bank Privée Holy Spirit. The BOP reported, however, prohibited the branch in Portugal the BPES to extend credit and take deposits.
No comments:
Post a Comment