The Government tried to the European Commission that Portuguese banks participate in the Banif sales process, but Brussels has not given the green light to the request. The revelation was made by the State Deputy Secretary of the Treasury and Finance, Ricardo Mourinho Félix.
“We talk about the possibility of leaving the Portuguese banks compete, but left because they said that there had been state aid recently “ said Ricardo Mourinho Félix in the committee of inquiry into Banif.
Asked the Member of the Left Mariana Mortágua block on the Portuguese State “paid to Santander to stay with the bank,” the official said that “the sale price and the conditions for resolution of context are negotiated by the resolution authority,” or is the Bank of Portugal.
About profit of 283 million euros for the purchase of Banif recorded in the accounts of the Spanish financial group Santander, Mourinho Felix said that “all this is a notional profit”.
And said:. “the profit or loss that Santander will have with this operation will only find here at a reasonable time”
the official has stressed that it will only know exactly the impact of the purchase of Banif in Santander accounts if the bank decides exactly reveal the price at which bought each asset.
This question becomes relevant at a time which has already begun the second round of sale of the New Bank and some Portuguese banks have publicly expressed interest in studying the operation, as it has recently BCP, since Brussels authorizes.
at stake are the State aid received by Caixa Geral de Depósitos (CGD), BCP, BPI and Banif, which in some cases have not yet fully returned.
Ricardo Mourinho Félix admitted estranged that after the Bank People have shown very interested in buying the Banif has lodged a weak proposal.
“there was never any indication that it was the Santander [the Banif] buyer. The bank that most turned out to be a future buyer of Banif was the People. “
” The proposal of the People’s Bank is a very bad proposal. I find it very strange that someone working a long time in a file and then submit a proposal of those, “he said.
According to Mourinho Felix,” left JC Flowers and Santander “as” Apollo did not submit a proposal binding, because I wanted to take time to evaluate the assets. “
And stressed:”. the Apollo proposal was never considered by anyone as a proposal ‘biding’ [binding] “
the minister stressed that “on Saturday morning [on November 19, 2015], after looking at the proposals, since everybody had seen that the only viable proposal was that of Santander.”
Moreover, Mourinho Félix specified that the December 18, 2015, two days before the public the resolution announcement, “Santander was the first to tender and for many hours there was no other”.
and stressed:. “the people were very interested and had a lot of people working on it, but there was no way to get a proposal”
the Secretary of State has advanced at that time received a call to report that “apparently, the Bank of Spain was to raise problems for Spanish banks to take part in the process” of Banif purchase.
” If we had not the People, or Santander, had a broccoli sauce, “ stressed.
Mourinho Félix assured that “concern [the government] was to have the largest possible number of stakeholders.”
at the same time, the official said the deputies that “DG Comp [Directorate General for Competition European] made a very great strength with the Portuguese Government to do the ‘bail in’ of all senior debt “, ie involve the holders of these securities in sharing the losses generated by the resolution of the bank.
“we said when you do not,” he said, pointing to the impact that such a measure would in many senior debt holders of Banif “with few resources, Portuguese in the diaspora and in the autonomous regions” of the Azores and Madeira.
the official stressed that only then realized that “this senior debt would have been placed in retail through the same conditions of the BES,” the former Banco Espírito Santo in the summer of 2014 was also resolution target.
“This would create a new situation for a lot of people. By the end we have imposed this position, despite the great pressure of DG Comp, “he stressed.
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