The government led by António Costa have approved the injection of up to four billion euros in the Caixa Geral de Depósitos (CGD). The measure is one of the conditions placed by Antonio Domingues, vice president of BPI, to assume the leadership of the public bank, advances the weekly Expresso. According to the same news, the future president of Caixa Geral de Depósitos is already working with the Prime Minister, António Costa, in the preparation of the strategic plan, which includes the recapitalization. the injection of capital will have to be negotiated with the European Commission, but António Costa and Minister finance, Mário Centeno, will have already received the agreement of the President of the supervisory board European Central Bank on the idea of the overall cash deposits be the structural pillar of financial capital in Portugal. Remember that this week the Caixa Geral de Depósitos incurred losses 74.2 million between January and March this year, according to information the CMVM Consolidated results for the 1st quarter 2016. These losses compare to profits of € 2.1 million obridos the same period last year.
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