“The BCP is really determined to compete for the New Bank.” The guarantee was left tonight by Luís Marques Mendes in the usual weekly commentary space in the SIC. According to the commentator, the chief executive of the bank, Nuno Amado “has multiplied contacts and things seem to be going well.”
Earlier this month, the presentation of the quarterly accounts, Nuno Amado had already stated that the bank that presides want to analyze the process of buying the New Bank.
the final decision on the participation of the BCP in the sale of New Bank is, however, in the hands of Brussels. “We have a ban on [making] acquisitions that can be lifted in exceptional circumstances. It depends on negotiations between the State and the Directorate General of the European Commission’s Competition”, warned at the time, Nuno Amado.
Luís Marques Mendes also spoke of the General Deposits to say that there is already Brussels opening box for the increase of the public bank capital is made only with public money.
the weekly newspaper Expresso reported Saturday that the government agreed to the recapitalization of Caixa Geral de Depósitos an amount that can go up to 4 billion euros. According to the weekly, the reinforcement was a condition of Antonio Domingues – who will soon replace José de Matos in office. – To accept the invitation to lead the public bank
This will be a value high, allowing maintain a comfort pad to ensure future capital requirements by the banking supervisor (1% of the capital, up EUR 600 million), writes the publication.
the incoming funds will also allow the public bank start to return the loan of 900 million euros made via subscription of bonds convertible into capital (CoCos the calls).
(updated news at 22:34)
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