Tuesday, May 5, 2015

Banco de Portugal profits up 20% and delivers 243 million to the state – Daily News – Lisbon

The Bank of Portugal has just revealed the board’s report which said that closed 2014 with a profit of 304 million euros. To add to this, the supervisor led by Carlos Costa will deliver 243 million in dividends to the state coffers.

Accounts made, the Bank of Portugal closed 2014 with profits of 304 million euros, an increase of 51 million or equivalent to an increase of 20% compared to the 253 million collected in the previous year. Contributing to this growth were the results on financial assets and the reduction in unrealized losses.

These results enabled the authority led by Carlos Costa deliver 80% of the amount to the state treasury, specifically 243 million euros in dividends.

​​Read more at its economy brand

LikeTweet

No comments:

Post a Comment