Wednesday, May 11, 2016

“CGD received 25% of the deposits that fled the Banif” – Mad Money

António Vieira Monteiro, president of Santander Totta, pointed out that the Caixa Geral de Depósitos (CGD) received between 14 and 18 December, 25% of just over EUR one billion that fled the Banif following the news published by TVI about the impending closure of the Madeiran bank with losses to depositors.

“the news of TVI impacts, it is clear,” said the Members of the Parliamentary Committee of inquiry into Banif. Asked how is that Santander Totta received these deposits leaks, the bank’s chairman turned the focus to the other banks.

“Now, let me tell you where did this impact according to the documentation already We sent to the CPI up to December 11, CGD was the destination of 12% of the transferred Banif money. Have between 14 and 18 December, from 12% to 25%, “he said.

Since the Millennium bcp, specified, until December 11 it had received a total of 59 million coming from deposits funds Banif since December 2014, after the TVI news received over 183 million.

“But what about the Santander Totta?” said Michael James, PCP deputy.

” in Santander, the total was EUR 242 million, against 377 million in CGD and 316 million in BCP, ie Totta received 14% of the total value close to the market share of the bank, 13.5%. “

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