Just three months ago the Government increased the estimate of the money that the Bank of Portugal you would deliver the dividends of 200 to 240 million and included the number in the promises to Brussels. Made the Carlos Costa bills propose to transfer only 183.3 million euros.
In a week of tense negotiations with the European Commission with regard to the requirement of additional measures to contain spending, there is a new hole nearly 60 million to accommodate.
boP profits fell in 2015 the Bank of Portugal had profits of 233 million euros last year, a decrease of 23.4% over the previous year. Ten percent of these profits are in legal reserve, but Carlos coast wants to captivate as much for other eventualities.
The proposal has already been approved by the bank’s audit committee and communicated to Mario Centeno.
the accounts of the Bank of Portugal suffered from the devaluation of their gold reserves, which amount to far more than 12 billion euros, but had an increase of almost 72% on interest gains and gains on financial transactions.
Public Debt Purchase grows earnings but requires provisions
The profits were achieved in foreign exchange transactions and the expense of the State. In 2015 the institution led by Carlos Costa bought more than ten billion euros in sovereign debt, particularly Portuguese under the new European Central Bank program.
Compared to 2014 now holds the triple these securities and earn interest on it but was forced to make provisions for liabilities of almost € 235 million which substantially reduced the immediate availability of profits.
in all, considering dividends and current taxes in 2015 the Bank of Portugal gave the state 277 million euros, 94 million less than in 2014.
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