Company with bad debt and property of banks generated losses of 11.5 million to bop – Jornal de Negócios – Portugal

Before you speak, in 2016, a bank “bad” that grouped the bad loans and properties of Portuguese banks, this reality had already existed. The Finangeste inherited this kind of assets of banks in the post-nationalization and their preparation for privatization in the 80s the banks concerned at the time and the Bank of Portugal sold in 2015, participation still had that society. Governor to fit million -. That did not prevent losses

As the business had already reported, the Bank of Portugal was entitled to receive an amount greater than 15.7 million euros for the position of 44% of capital the Finangeste held. However, that figure was lower than the participation in Finangeste was registered, according to the report published this Monday, May 16, on the Activities and Accounts 2015. That is, translated into “the recognition of a capital loss of 11.6 million euros. ” Governor chaired by Carlos Costa argues that the operation was done “without financial material impact on their accounts,” a year in which profits fell 23% to EUR 233 million (leading to an identical fall in dividends delivered to the State).